2026 House Bill 5470

Financial institutions: money transmitters; money transmitter license; subject virtual currency kiosk to.

A bill to amend 2006 PA 250, entitled “Money transmission services act,” by amending section 3 (MCL 487.1003), as amended by 2018 PA 573.

Introduced in the House

Jan. 22, 2026

Introduced by Reps. Mike McFall (D-14) and Joseph Aragona (R-60)

Referred to the Committee on Regulatory Reform