Introduced
by
To authorize and establish a comprehensive regulatory regime for local stock exchanges for transactions in Michigan securities (stocks). See also House Bill 4897, which is not related to this bill, but would require a state agency to “facilitate” creating a Detroit futures exchange.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute failed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To mandate that a potential stock exchange abide by financial regulations and restrictions imposed by the federal "Patriot Act".
The amendment passed by voice vote
Passed in the House 110 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 37 to 0 (details)
To authorize and establish a comprehensive regulatory regime for local stock exchanges for transactions in Michigan securities (stocks). See also House Bill 4897, which is not related to this bill, but would require a state agency to “facilitate” creating a Detroit futures exchange.
Passed in the House 107 to 0 (details)
To concur with the Senate-passed version of the bill.
