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Bill > HB5547
MI HB5547
MI HB5547Criminal procedure: sentencing guidelines; sentencing guidelines for money transmission violations; revise. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: HB 5544'26
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1927 PA 175, entitled"The code of criminal procedure,"by amending section 14p of chapter XVII (MCL 777.14p), as amended by 2008 PA 528.
AI Summary
This bill updates the sentencing guidelines for certain financial crimes, specifically those related to money transmission services. It adds new provisions to the Michigan Compiled Laws (MCL) under sections 487.2281(1), 487.2281(2), and 487.2281(3), which fall under the "Pub trst" (public trust) category and are classified as Class E felonies, each carrying a statutory maximum sentence of 5 years. These new provisions address intentionally making false statements, misrepresentations, or certifications in records or documents related to money transmission, criminal fraud in the conduct of a money transmission business, and violations of money transmission licensing requirements under the new "Money transmission modernization act." The bill is tied to another piece of legislation, House Bill 5544, and is set to take effect on January 1, 2026, if that other bill is also enacted.
Committee Categories
Budget and Finance
Sponsors (6)
Will Snyder (D)*,
Brenda Carter (D),
Sarah Lightner (R),
David Martin (R),
Bill Schuette (R),
Mark Tisdel (R),
Last Action
House Finance (10:30:00 3/3/2026 Room 521, House Office Building) (on 03/03/2026)
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=2026-HB-5547 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2026-HIB-5547.htm |
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