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Bill > HB4510
MI HB4510
MI HB4510Retirement: other; investment in cryptocurrency by certain retirement funds; allow. Amends 1965 PA 314 (MCL 38.1132 - 38.1141) by adding sec. 19c.
summary
Introduced
05/21/2025
05/21/2025
In Committee
12/11/2025
12/11/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1965 PA 314, entitled"Public employee retirement system investment act,"(MCL 38.1132 to 38.1141) by adding section 19c.
AI Summary
This bill amends the Public Employee Retirement System Investment Act to allow the state treasurer, when acting as an investment fiduciary, to invest retirement funds in cryptocurrency under specific conditions. Specifically, the bill permits investment in cryptocurrencies with a market capitalization of at least $250 billion, averaged over the previous calendar year. Any digital assets must be held through an exchange-traded product issued by a registered investment company. The bill defines cryptocurrency as a digital currency that uses encryption techniques to regulate currency generation and fund transfers, and operates independently of a central bank. This provision provides a carefully defined pathway for public retirement systems to potentially invest in large-scale cryptocurrencies, offering a new asset class for investment while establishing strict parameters to minimize risk.
Committee Categories
Business and Industry, Government Affairs
Sponsors (9)
Bill Schuette (R)*,
Joe Aragona (R),
Will Bruck (R),
Tyrone Carter (D),
Alabas Farhat (D),
Tom Kunse (R),
Mike McFall (D),
Bryan Posthumus (R),
Jason Woolford (R),
Last Action
Placed On Third Reading (on 03/11/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4510 |
| Fiscal Note/Analysis - House: Summary as Reported from Committee | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4510-HB503MZ2.pdf |
| Fiscal Note/Analysis - House: Summary of Proposed H-2 Substitute | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4510-50BR8X7V.pdf |
| Fiscal Note/Analysis - House: Summary as Introduced | https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-4510-R23NBSZY.pdf |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4510.htm |
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