2005 House Bill 5329 / 2006 Public Act 251

Regulate retail money transmission services

Introduced in the House

Oct. 18, 2005

Introduced by Rep. David Palsrok (R-101)

To provide sentencing guidelines for violations of the money transmission service regulations proposed by House Bill 5328.

Referred to the Committee on Banking and Financial Services

March 8, 2006

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

March 16, 2006

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

The substitute passed by voice vote

March 21, 2006

Passed in the House 100 to 4 (details)

Received

To give the bill immediate effect.

Passed in the House 99 to 4 (details)

Received in the Senate

March 22, 2006

Referred to the Committee on Banking and Financial Institutions

June 13, 2006

Reported without amendment

With the recommendation that the bill pass.

June 15, 2006

Passed in the Senate 38 to 0 (details)

To provide sentencing guidelines for violations of the money transmission service regulations proposed by House Bill 5328.

Signed by Gov. Jennifer Granholm

June 30, 2006