2003 House Bill 4581 / Public Act 118

Introduced in the House

April 29, 2003

Introduced by Rep. William O'Neil (D-14)

To require savings banks to file a suspicious activity report with the Michigan State Police within 24 hours of filing such a report with an agency of the federal government. The bill eliminates the requirement to file transaction reports to the state, which will streamline certain procedures adopted following the terrorist attack of September 11, 2001.

Referred to the Committee on Commerce

May 6, 2003

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 22, 2003

Passed in the House 106 to 0 (details)

Received in the Senate

May 27, 2003

Referred to the Committee on Banking and Financial Institutions

July 1, 2003

Reported without amendment

With the recommendation that the bill pass.

July 3, 2003

Passed in the Senate 37 to 0 (details)

To require savings banks to file a suspicious activity report with the Michigan State Police within 24 hours of filing such a report with an agency of the federal government. The bill eliminates the requirement to file transaction reports to the state, which will streamline certain procedures adopted following the terrorist attack of September 11, 2001.

Signed by Gov. Jennifer Granholm

July 29, 2003