KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Michigan

HB4511 • 2026

State finance: other; limitations on holding a digital asset; prohibit. Creates new act.

State finance: other; limitations on holding a digital asset; prohibit. Creates new act.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Bryan Posthumus (District 90), Mike McFall (District 14), Alabas Farhat (District 3), Joseph Aragona (District 60), Tom Kunse (District 100), Tyrone Carter (District 1), Jason Woolford (District 50), William Bruck (District 30)
Last action
2026-03-11
Official status
placed on third reading
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

State finance: other; limitations on holding a digital asset; prohibit. Creates new act.

State finance: other; limitations on holding a digital asset; prohibit.

What This Bill Does

  • State finance: other; limitations on holding a digital asset; prohibit.
  • Creates new act.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

H-1

12

substitute (H-1) adopted

Plain English: substitute (H-1) adopted 12

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.

Bill History

  1. 2026-03-11 HJ 21 Pg. 0

    read a second time

  2. 2026-03-11 HJ 21 Pg. 0

    substitute (H-1) adopted

  3. 2026-03-11 HJ 21 Pg. 0

    placed on third reading

  4. 2025-12-11 HJ 114 Pg. 1908

    reported with recommendation without amendment

  5. 2025-12-11 HJ 114 Pg. 1908

    referred to second reading

  6. 2025-09-18 HJ 85 Pg. 992

    rule suspended

  7. 2025-09-18 HJ 85 Pg. 992

    motion to discharge committee approved

  8. 2025-09-18 HJ 85 Pg. 992

    placed on second reading

  9. 2025-09-18 HJ 85 Pg. 994

    referred to Committee on Economic Competitiveness

  10. 2025-05-22 HJ 51 Pg. 620

    bill electronically reproduced 05/21/2025

  11. 2025-05-21 HJ 50 Pg. 606

    introduced by Representative Rep. Bryan Posthumus

  12. 2025-05-21 HJ 50 Pg. 606

    read a first time

  13. 2025-05-21 HJ 50 Pg. 606

    referred to Committee on Communications and Technology

Official Summary Text

State finance: other; limitations on holding a digital asset; prohibit. Creates new act.