2026 Senate Bill 774

Financial institutions: money transmitters; foreign remittance transfers; prohibit under certain circumstances.

A bill to amend 2006 PA 250, entitled “Money transmission services act,” by amending sections 2, 3, and 25 (MCL 487.1002, 487.1003, and 487.1025), sections 2 and 3 as amended by 2018 PA 573, and by adding sections 21a and 35.

Official record

Introduced in the Senate

Jan. 29, 2026

Introduced by Sen. Jim Runestad (R-23) and two co-sponsors

Co-sponsored by Sens. Joseph Bellino (R-16) and Jonathan Lindsey (R-17)

Referred to the Committee on Finance, Insurance, and Consumer Protection