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Financial Services
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Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, June 8, 2022 12:00 p.m. Room 327, House Office Building The House Committee on Financial Services was called to order by the Chair. The Chair requested attendance be called. The Clerk called the attendance, and a quorum was present. Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Griffin moved to adopt the meeting minutes from October 20, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid SB 315 before the committee: SB 315 (Sen. Runestad) A bill to amend 2008 PA 551, entitled "Uniform securities act (2002)," (MCL 451.2101 to 451.2703) by amending the title, as amended by 2014 PA 355, and by adding article 5A. Representative Griffin moved to adopt substitute (H-3) to SB 315. The motion prevailed 10- 0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Rogers, Scott, Young. Nays: None. Pass: None. Krista Vincent, Legislative Director and Chief of Staff for Senator Jim Runestad, the bill sponsor, explained SB 315 (H-3). Questions followed. Mackenzie (Mack) Jones, Legislative Analyst in the Michigan Department of Licensing and Regulatory Affairs, addressed questions from committee members, and he submitted a card with a neutral position on SB 315 (H-3). The following individuals submitted a card in support of SB 315 (H-3), but did not wish to speak: Mitchell Albers, Director of Legislative Affairs at the Michigan Department of Attorney General. Michigan; and Charles May, Government Relations Chair and Board Member for the National Association of Insurance and Financial Advisors of Michigan; Representative O'Malley moved to report out SB 315 with recommendation, as substitute (H- 3). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. At 12:14 p.m., the Chair laid the committee at ease. At 12:15 p.m., the Chair called the committee back to order. The Chair laid HB 6144 before the committee: HB 6144 (Rep. Steven Johnson) A bill to amend 1956 PA 218, entitled "The insurance code of 1956," by amending section 2024a (MCL 500.2024a), as added by 1989 PA 68. Representative Steven Johnson, the bill sponsor, explained HB 6144 and introduced Charles May, Government Relations Chair and Board Member for the National Association of Insurance and Financial Advisors of Michigan, who testified in support of HB 6144. Joseph Sullivan, Insurance Legislative Liaison in the Office of Innovation and Research in the Michigan Department of Insurance and Financial Services, submitted a card with a neutral position on HB 6144, but did not wish to speak: Representative Griffin moved to report out HB 6144 with recommendation. The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. There being no further business before the committee; Representative Wakeman moved that the committee adjourn. There being no objections, the Chair adjourned the meeting at 12:19 p.m. Representative Diana Farrington, Chair Joy Brewer Committee Clerk joybrewer@house.mi.gov
Location
Not recorded
Media count
1
Meeting date
2022-06-08
Meeting id
meeting-1788
Meeting state
held
Minutes url
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Quorum state
quorum confirmed
Scheduled start
Not recorded
Session name
2021-2022
Related record
Financial Services
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Actual end
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Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, October 20, 2021 12:00 p.m. Room 327, House Office Building The House Committee on Financial Services was called to order by the Chair. The Chair requested attendance be called. The Clerk called the attendance and a quorum was present. Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Wakeman moved to adopt the meeting minutes from October 6, 2021. There being no objections, the motion prevailed by unanimous consent. The Chair informed the committee that HR 174 was discharged from the Committee on Financial Services and was adopted on the floor on October 19, so HR 174 has been withdrawn from the agenda. The Chair laid SB 315 before the committee: SB 315 (Sen. Runestad) A bill to amend 2008 PA 551, entitled "Uniform securities act (2002)," (MCL 451.2101 to 451.2703) by amending the title, as amended by 2014 PA 355, and by adding article 5A. Senator Runestad, the bill sponsor, explained SB 315 and introduced Charles May, Government Relations Chair of the National Association of Insurance and Financial Advisors of Michigan (NAIFA-Michgan) and Mark Staat, Insurance Agent for Northwestern Mutual, who testified in support of SB 315. Questions followed. Marin Gibson, Managing Director and Associate General Counsel at Securities Industry and Financial Markets Association testified in support of SB 315. Questions followed. Alex Morris, Assistant Vice-President of Advocacy for the Michigan Bankers Association, submitted a card in support of SB 315, but did not wish to speak. There being no further business before the committee; Representative Clemente moved that the committee adjourn. There being no objections, the Chair adjourned the meeting at 12:42 p.m. Representative Diana Farrington, Chair Joy Brewer Committee Clerk joybrewer@house.mi.gov
Location
Not recorded
Media count
1
Meeting date
2021-10-20
Meeting id
meeting-1519
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum confirmed
Scheduled start
Not recorded
Session name
2021-2022
Related record
Financial Services
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Actual end
2021-10-06 12:38:00.000000
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Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, October 6, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Scott moved to adopt the meeting minutes from June 23, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 4948, HB 4950, HB 4951 and HB 5096 before the committee: HB 4948 (Rep. Marino) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 30 (MCL 125.1430), as amended by 1982 PA 506. HB 4950 (Rep. Puri) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 21 (MCL 125.1421), as amended by 2000 PA 257. HB 4951 (Rep. Manoogian) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 44 (MCL 125.1444), as amended by 2017 PA 127. HB 5096 (Rep. Farrington) A bill to amend 1976 PA 267, entitled "Open meetings act," by amending section 3a (MCL 15.263a), as amended by 2020 PA 254. Representative O'Malley moved to adopt substitute (H-1) to HB 4948. The motion prevailed 9-1-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Griffin, Reilly, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Rep. Carra. Pass: None. Representative Rogers moved to adopt substitute (H-1) to HB 4950. The motion prevailed 8- 2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. Representative O'Malley moved to adopt substitute (H-3) to HB 5096. The motion prevailed 9-1-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Griffin, Reilly, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Rep. Carra. Pass: None. Mark Garcia, representing the Michigan State Housing and Development Authority, testified in support of HB 5096. The following people submitted a card in support of HB 4948, HB 4950, HB 4951 and HB 5096, but did not wish to speak: Mark Garcia, representing the Michigan State Housing Development Authority. Sandy Pearson, representing the Habitat for Humanity of Michigan. Josh Lunger, representing the Grand Rapids Chamber of Commerce. The following people submitted a card in support of HB 4948, HB 4950 and HB 4951, but did not wish to speak: Alex Housman, representing the Michigan Realtors Association. David Worthams, representing the Michigan Manufacturers Association. The following people submitted a card with a neutral position on HB 5096, but did not wish to speak: Alex Housman, representing the Michigan Realtors Association. The Chair laid HR 119 before the committee: HR 119 (Rep. Paquette) A resolution to declare June 2021 as Cryptocurrency Education Month in the state of Michigan. Representative Clemente moved to adopt substitute (H-1) to HR 119. The motion prevailed 8- 2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Griffin, Reilly, O'Malley, Clemente, Camilleri, Scott, Young. Nays: Reps. Carra, Rogers. Pass: None. Representative Paquette, and Chris Hatton, representing Michigan Technological University, testified in support of HR 119. Questions and discussion followed. The following people submitted a card in support of HR 119, but did not wish to speak: Yassine Elmandjra, representing ARK Investment Management. Representative O'Malley moved to report out HR 119 with recommendation, as substitute (H- 1). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Clemente, Camilleri, Scott, Young. Nays: Reps. Carra, Rogers. Pass: None. The Chair returned to HB's 4948, 4950, 4951, and 5096. Representative O'Malley moved to report out HB 4948 with recommendation, as substitute (H-1). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. Representative Wakeman moved to report out HB 4950 with recommendation, as substitute (H-1). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. Representative Clemente moved to report out HB 4951 with recommendation. The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. Representative O'Malley moved to report out HB 5096 with recommendation, as substitute (H-3). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:38 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-10-06
Meeting id
meeting-1497
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-10-06 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
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Actual end
2021-06-23 12:05:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, June 23, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Griffin moved to adopt the meeting minutes from June 9, 2021. There being no objection, the motion prevailed by unanimous consent. Representative Wakeman introduced his daughter, Kayla Wittig, to the committee. The Chair laid HB 4618 and HB 4619 before the committee: HB 4618 (Rep. Haadsma) A bill to amend 1998 PA 434, entitled "Uniform voidable transactions act," by amending sections 1, 4, 5, and 10 (MCL 566.31, 566.34, 566.35, and 566.40), as amended by 2016 PA 552. HB 4619 (Rep. Haadsma) A bill to amend 2008 PA 148, entitled "Personal property trust perpetuities act," by amending sections 2 and 3 (MCL 554.92 and 554.93), as amended by 2012 PA 484. Representative Clemente moved to report out HB 4618 with recommendation. The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. Representative O'Malley moved to adopt substitute (H-2) to HB 4619. The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. Representative Carra moved to report out HB 4619 with recommendation, as substitute (H-2). The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. The Chair laid HB 4894 before the committee: HB 4894 (Rep. VanWoerkom) A bill to amend 1931 PA 328, entitled "The Michigan penal code," by amending section 157w (MCL 750.157w), as amended by 1998 PA 312. Substitute (H-1) was previously adopted on June 9, 2021. Representative Wakeman moved to refer HB 4894 to the Committee on Judiciary, with recommendation as substitute (H-1). The motion prevailed 9-2-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Reps. Reilly, Carra. Pass: None. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:05 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-06-23
Meeting id
meeting-1444
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-06-23 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
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Actual end
2021-06-09 12:39:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, June 9, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Young moved to adopt the meeting minutes from May 26, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 4894 before the committee: HB 4894 (Rep. VanWoerkom) A bill to amend 1931 PA 328, entitled "The Michigan penal code," by amending section 157w (MCL 750.157w), as amended by 1998 PA 312. Representative Wakeman moved to adopt substitute (H-1) to HB 4894. The motion prevailed 8-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Reilly, O'Malley, Carra, Clemente, Rogers, Young. Nays: None. Pass: None. Representative VanWoerkom, testified in support of HB 4894. The following people submitted a card with a neutral position on HB 4894, but did not wish to speak: Patricia Herndon, representing the Michigan Bankers Association. The Chair laid HB 4948, HB 4949, HB 4950 and HB 4951 before the committee: HB 4948 (Rep. Marino) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 30 (MCL 125.1430), as amended by 1982 PA 506. HB 4949 (Rep. Griffin) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 21 (MCL 125.1421), as amended by 2000 PA 257. HB 4950 (Rep. Puri) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 21 (MCL 125.1421), as amended by 2000 PA 257. HB 4951 (Rep. Manoogian) A bill to amend 1966 PA 346, entitled "State housing development authority act of 1966," by amending section 44 (MCL 125.1444), as amended by 2017 PA 127. Representative Marino, testified in support of HB 4948, HB 4949, HB 4950 and HB 4951. Representative Griffin, testified in support of HB 4948, HB 4949, HB 4950 and HB 4951. Representative Manoogian, testified in support of HB 4948, HB 4949, HB 4950 and HB 4951. Mark Garcia, Jeff Sykes, and Mary Townley, representing the Michigan State Housing Development Authority, testified in support of HB 4948, HB 4949, HB 4950 and HB 4951. The following people submitted a card in support of HB 4951, but did not wish to speak: Patricia Herndon, representing the Michigan Bankers Association. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:39 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-06-09
Meeting id
meeting-1405
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-06-09 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
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Actual end
2021-05-26 12:59:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, May 26, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative O'Malley moved to adopt the meeting minutes from May 19, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 4828 before the committee: HB 4828 (Rep. Clemente) A bill to amend 2005 PA 244, entitled "Deferred presentment service transactions act," by amending section 51 (MCL 487.2171). The following people submitted a card in support of HB 4828, but did not wish to speak: Ross Yednock, representing the Michigan Department of Insurance and Financial Services. Peter Ruark, representing the Michigan League for Public Policy. Patricia Herndon, representing the Michigan Bankers Association. Representative Wakeman moved to adopt substitute (H-1) to HB 4828. The motion prevailed 10-0-1: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: Rep. Carra. Representative Rogers moved to report out HB 4828 with recommendation, as substitute (H- 1). The motion prevailed 9-1-1: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Rogers, Scott, Young. Nays: Rep. Carra. Pass: Rep. Reilly. The Chair laid HB 4694 before the committee: HB 4694 (Rep. O'Malley) A bill to amend 1962 PA 174, entitled "Uniform commercial code," by amending sections 9520, 9521, and 9525 (MCL 440.9520, 440.9521, and 440.9525), section 9520 as amended by 2008 PA 383, section 9521 as amended by 2012 PA 88, and section 9525 as amended by 2016 PA 229. Representative O'Malley moved to report out HB 4694 with recommendation. The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. The Chair laid HB 4812 before the committee: HB 4812 (Rep. Alexander) A bill to amend 1893 PA 206, entitled "The general property tax act," by amending section 27 (MCL 211.27), as amended by 2019 PA 116. The following people submitted a card with a neutral position on HB 4812, but did not wish to speak: Judy Allen, representing the Michigan Townships Association. Chris Hackbarth, representing the Michigan Municipal League. Peter Morman, representing the Michigan Department of Treasury. The following person submitted a card in support of HB 4812, but did not wish to speak: Sandy Pearson, representing Habitat for Humanity. Representative Griffin moved to adopt substitute (H-1) to HB 4812. The motion prevailed 9- 1-1: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Clemente, Camilleri, Scott, Young. Nays: Rep. Carra. Pass: Rep. Rogers. Representative Clemente moved to report out HB 4812 with recommendation, as substitute (H-1). The motion prevailed 8-2-1: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, O'Malley, Clemente, Camilleri, Scott, Young. Nays: Reps. Reilly, Carra. Pass: Rep. Rogers. The Chair laid HB 4618 and HB 4619 before the committee: HB 4618 (Rep. Haadsma) A bill to amend 1998 PA 434, entitled "Uniform voidable transactions act," by amending sections 1, 4, 5, and 10 (MCL 566.31, 566.34, 566.35, and 566.40), as amended by 2016 PA 552. HB 4619 (Rep. Haadsma) A bill to amend 2008 PA 148, entitled "Personal property trust perpetuities act," by amending sections 2 and 3 (MCL 554.92 and 554.93), as amended by 2012 PA 484. Representative Haadsma, testified in support of HB 4618 and HB 4619. James Spica and Robert Tiplady, representing the Probate and Estate Planning Section of the State Bar of Michigan, testified in support of HB 4618 and HB 4619. The following people submitted a card with no position on HB 4618, but did not wish to speak: Haleigh Krombeen, representing the Michigan Credit Union League. Patricia Herndon, representing the Michigan Bankers Association. Paul Anderson and Peter Lemmer, representing Greenstone Farm Credit Services, gave an overview presentation to the committee. Questions and discussion followed. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:59 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-05-26
Meeting id
meeting-1378
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-05-26 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
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Inspect published fields
Actual end
2021-05-19 12:22:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, May 19, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Clemente moved to adopt the meeting minutes from May 12, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 4694 before the committee: HB 4694 (Rep. O'Malley) A bill to amend 1962 PA 174, entitled "Uniform commercial code," by amending sections 9520, 9521, and 9525 (MCL 440.9520, 440.9521, and 440.9525), section 9520 as amended by 2008 PA 383, section 9521 as amended by 2012 PA 88, and section 9525 as amended by 2016 PA 229. Representative O'Malley, testified in support of HB 4694. Matt Levin, representing the Michigan Department of State, testified in support of HB 4694. At 12:07 PM, the Chair laid the committee at ease. At 12:07 PM, the Chair called the committee back to order. The Chair laid HB 4812 before the committee: HB 4812 (Rep. Alexander) A bill to amend 1893 PA 206, entitled "The general property tax act," by amending section 27 (MCL 211.27), as amended by 2019 PA 116. Representative Alexander, testified in support of HB 4812. Sandy Pearson, Wendy Clow, and Keanna Mendez, representing Habitat for Humanity, testified in support of HB 4812. The following people submitted a card in support of HB 4812, but did not wish to speak: Emily Pallarito, representing the Michigan Realtors. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:22 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-05-19
Meeting id
meeting-1363
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-05-19 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
Open script-free record →
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Actual end
2021-05-12 12:50:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, May 12, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Camilleri joined the committee remotely. Representative Wakeman moved to adopt the meeting minutes from March 24, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 4828 before the committee: HB 4828 (Rep. Clemente) A bill to amend 2005 PA 244, entitled "Deferred presentment service transactions act," by amending section 51 (MCL 487.2171). Representative Clemente, testified in support of HB 4828. The following people submitted a card in support of HB 4828, but did not wish to speak: John Rabenold, representing Axcess Financial. Lorray Brown, representing the Michigan Poverty Law Program. Jessica AcMoody, representing the Community Economic Development Association of Michigan. Sandy Pearson, representing Habitat for Humanity of Michigan. Haleigh Krombeen, representing the Michigan Credit Union League. Tom Hickson, representing the Michigan Catholic Conference. The Chair laid HB 4515 before the committee: HB 4515 (Rep. Sowerby) A bill to amend 2005 PA 244, entitled "Deferred presentment service transactions act," by amending sections 22, 31, 32, 33, 34, and 40 (MCL 487.2142, 487.2151, 487.2152, 487.2153, 487.2154, and 487.2160). Representative Sowerby, testified in support of HB 4515. Rob Mass, Legislative Director for Representative Sowerby, testified in support of HB 4515. Elinor Jordan, representing the Michigan Coalition to End Domestic and Sexual Violence, testified in support of HB 4515. Lorray Brown, representing the Michigan Poverty Law Program, testified in support of HB 4515. Sandy Pearson, representing Habitat for Humanity of Michigan, testified in support of HB 4515. Tom Hickson, representing the Michigan Catholic Conference, testified in support of HB 4515. Jessica AcMoody, representing the Community Economic Development Association of Michigan, testified in support of HB 4515. The following people submitted a card in support of HB 4515, but did not wish to speak: Amanda Klein, representing the United Way for Southeastern Michigan. Peter Ruark, representing the Michigan League for Public Policy. Ross Yednock, representing the Michigan Department of Insurance and Financial Services. The following people submitted a card in opposition to HB 4515, but did not wish to speak: John Rabenold, representing Axcess Financial. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:50 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-05-12
Meeting id
meeting-1346
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-05-12 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
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Actual end
2021-03-24 12:54:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, March 24, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Camilleri attended the meeting remotely. Representative Wakeman moved to adopt the meeting minutes from March 17, 2021. There being no objection, the motion prevailed by unanimous consent. Mike Tierney, representing the Community Bankers of Michigan, gave an overview presentation to the committee. Questions and discussion followed. Mark Kolanowski, representing Highpoint Community Bank, gave an overview presentation to the committee. Questions and discussion followed. Liz Schrum and Eric Kamerath, representing the American Association of Consumer Credit Professionals, gave an overview presentation to the committee. Questions and discussion followed. John Barnes, representing Veritec, gave an overview presentation to the committee. Questions and discussion followed. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:54 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-03-24
Meeting id
meeting-1264
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-03-24 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
Open script-free record →
Inspect published fields
Actual end
2021-03-17 12:42:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, March 17, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Clemente moved to adopt the meeting minutes from March 10, 2021. There being no objection, the motion prevailed by unanimous consent. Blake Hanlon, representing Equifax, gave an overview presentation to the committee. Questions and discussion followed. Mark Garcia, Kelly Rose, Mary Townley, and Chad Benson, representing the Michigan State Housing and Development Authority, gave an overview presentation to the committee. Questions and discussion followed. Representative Wakeman moved to excuse Representative Scott from the meeting. There being no objection the motion prevailed by unanimous consent. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:42 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-03-17
Meeting id
meeting-1244
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-03-17 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
Open script-free record →
Inspect published fields
Actual end
2021-03-10 12:57:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, March 10, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Wakeman moved to adopt the meeting minutes from March 3, 2021. There being no objection, the motion prevailed by unanimous consent. The Chair laid the discussion about Payday Lending before the committee. The following people testified in regard to Payday Lending: Patricia Herndon, representing the Michigan Bankers Association. Tom Hickson, representing the Michigan Catholic Conference. Sandy Pearson, representing Habitat for Humanity. John Rabenold, representing Check N Go. Julie Townsend, representing Advance America. Hank Hubbard, representing One Detroit Credit Union. Jessica AcMoody, representing the Community Economic Development Association of Michigan. Ross Yednock and Jim Westrin, representing the Michigan Department of Insurance and Financial Services. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:57 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-03-10
Meeting id
meeting-1221
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-03-10 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
Open script-free record →
Inspect published fields
Actual end
2021-03-03 12:54:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, March 3, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by Chair Farrington. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Wakeman moved to adopt the meeting minutes from February 10, 2021. There being no objection, the motion prevailed by unanimous consent. Jared Fleisher, representing Rock Central, gave an overview presentation to the committee. Questions and discussion followed. Patrick Dwyer, representing MasterCard, gave an overview presentation to the committee. Questions and discussion followed. Ross Yednock and Renee Campbell, representing the Michigan Department of Insurance and Financial Services, gave an overview presentation to the committee. Questions and discussion followed. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:54 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-03-03
Meeting id
meeting-1195
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-03-03 12:00:00.000000
Session name
2021-2022
Related record
Financial Services
Open script-free record →
Inspect published fields
Actual end
2021-02-10 12:57:00.000000
Actual start
Not recorded
Chamber
house
Committee id
committee-82
Committee name
Financial Services
Evidence text
HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES REP. DIANA FARRINGTON CHAIR COMMITTEE MEETING MINUTES Wednesday, February 10, 2021 12:00 PM Room 327, House Office Building The House Committee on Financial Services was called to order by the Chair Farrington. The Clerk read the letter from Speaker of the House of Representatives, Jason Wentworth, appointing the following members to the Financial Services committee: Representatives Farrington (Chairman), Wakeman (Majority Vice Chairman), Griffin, Reilly, O'Malley, Carra, Clemente (Minority Vice Chairman), Camilleri, Rogers, Scott, Young. The Chair requested attendance be called: Present: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Absent: None. Excused: None. Representative Wakeman moved to adopt the appointed meeting date, time and location of the regularly scheduled meetings: Wednesday, 12:00 p.m., room 327 of the House Office Building. The motion prevailed 11-0-0: FAVORABLE ROLL CALL Yeas: Reps. Farrington, Wakeman, Griffin, Reilly, O'Malley, Carra, Clemente, Camilleri, Rogers, Scott, Young. Nays: None. Pass: None. The Chair announced that the Financial Services committee will follow the Committee Rules, as prescribed in Chapter IV of the House Rules. Alex Morris and Patricia Herndon, representing the Michigan Bankers Association, gave an overview presentation to the committee. Questions and discussion followed. Patty Corkery, representing the Michigan Credit Union League, and Chrissy Siders, representing True Community Credit Union, gave an overview presentation to the committee. Questions and discussion followed. There being no further business before the committee, Rep. Diana Farrington adjourned the meeting at 12:57 PM. Representative Diana Farrington, Chair Edward Sleeper Committee Clerk esleeper@house.mi.gov
Location
Room 327, House Office Building
Media count
1
Meeting date
2021-02-10
Meeting id
meeting-1142
Meeting state
held
Minutes url
Open official source ↗
Quorum state
quorum not determined
Scheduled start
2021-02-10 12:00:00.000000
Session name
2021-2022