2025 House Bill 5240

Financial institutions: banking practices; restriction of services by credit unions based on environmental policies; prohibit.

A bill to amend 2003 PA 215, entitled “Credit union act,” by amending section 220 (MCL 490.220) and by adding section 401a.

Official record

AI Analysis – Experimental

House Bills 5238–5240 would bar Michigan banks, savings banks, and credit unions from denying financial services to agricultural producers based on ESG-related environmental criteria, create presumptions of violation for institutions with ESG commitments, and impose updated enforcement mechanisms and civil fines.

Introduced in the House

Nov. 6, 2025

Introduced by Rep. Sarah Lightner (R-45) and 14 co-sponsors

Co-sponsored by Reps. Ken Borton (R-105), Ann Bollin (R-49), Tim Kelly (R-93), Bradley Slagh (R-85), Jay DeBoyer (R-63), Matt Maddock (R-51), Brian BeGole (R-71), Donni Steele (R-54), Mike Harris (R-52), William Bruck (R-30), Angela Rigas (R-79), Joseph Aragona (R-60), Jerry Neyer (R-92) and Jason Woolford (R-50)

Referred to the Committee on Economic Competitiveness