2005 House Bill 5490 / 2006 Public Act 128

Require interest on returned seized assets

Introduced in the House

Dec. 8, 2005

Introduced by Rep. David Law (R-39)

To allow cash seized under Michigan’s criminal asset forfeiture law to be deposited into an interest-bearing account in a financial institution, and require any interest to be turned over to the owner in addition to the seized cash if the state fails to sustain its burden of proof and the owner is cleared of the alleged crime.

Referred to the Committee on Judiciary

Feb. 1, 2006

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 15, 2006

Amendment offered by Rep. Paul Condino (D-35)

To tie-bar the bill to House Bill 4811, meaning this bill cannot become law unless that one does also. HB 4811 would repeal Michigan's ban on suing the maker of prescription drugs that have been approved by the FDA, unless there was fraud involved.

The amendment failed by voice vote

March 16, 2006

Passed in the House 103 to 0 (details)

Received in the Senate

March 21, 2006

Referred to the Committee on Judiciary

April 19, 2006

Reported without amendment

With the recommendation that the bill pass.

April 25, 2006

Passed in the Senate 37 to 0 (details)

To allow cash seized under Michigan’s criminal asset forfeiture law to be deposited into an interest-bearing account in a financial institution, and require any interest to be turned over to the owner in addition to the seized cash if the state fails to sustain its burden of proof and the owner is cleared of the alleged crime.

Signed by Gov. Jennifer Granholm

May 5, 2006