Public Act 278 of 2005

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• Introduced by Sen. Mike Bishop (R) on September 6, 2005, to increase the penalties for violation of certain state accounting regulations, increase the stringency of certain licensure provisions, require accountants to undergo periodic peer reviews, and make other revisions to the accountancy licensure law.
  • Referred to the Senate Banking and Financial Institutions Committee on September 6, 2005.
    • Reported in the Senate on October 11, 2005, with the recommendation that the amendments be adopted and that the bill then pass.
  • Substitute offered in the Senate on October 12, 2005, 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 in the Senate by voice vote on October 12, 2005.
• Passed in the Senate (38 to 0) on October 18, 2005. [Vote Details and Comments]
• Received in the House on October 18, 2005.
  • Referred to the House Regulatory Reform Committee on October 18, 2005.
  • Referred to the House Banking and Financial Services Committee on October 19, 2005.
    • Reported in the House on November 9, 2005, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on December 1, 2005, 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 in the House by voice vote on December 1, 2005.
• Passed in the House (99 to 6) on December 6, 2005, to increase the penalties for violation of certain state accounting regulations, increase the stringency of certain licensure provisions, require accountants to undergo periodic peer reviews, and make other revisions to the accountancy licensure law. [Vote Details and Comments]
• Received in the Senate on December 7, 2005.
• Passed in the Senate (36 to 0) on December 8, 2005, to concur with the House-passed version of the bill. [Vote Details and Comments]
• Signed by Gov. Jennifer Granholm on December 19, 2005.