2012 House Bill 5835 / Public Act 503

Repeal state Savings and Loan Act

Introduced in the House

Aug. 15, 2012

Introduced by Rep. Jeff Farrington (R-30)

To repeal the Savings and Loan Act of 1980 (under which no financial institutions have been chartered).

Referred to the Committee on Banking and Financial Services

Sept. 19, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 27, 2012

Passed in the House 107 to 0 (details)

Received in the Senate

Oct. 17, 2012

Referred to the Committee on Banking and Financial Institutions

Dec. 4, 2012

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Dec. 5, 2012

Substitute offered

The substitute passed by voice vote

Dec. 12, 2012

Passed in the Senate 38 to 0 (details)

To repeal the Savings and Loan Act of 1980 (under which no financial institutions have been chartered).

Received in the House

Dec. 12, 2012

Dec. 13, 2012

Passed in the House 108 to 0 (details)

Signed by Gov. Rick Snyder

Dec. 20, 2012