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

HB5565 • 2026

Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services. Amends sec. 11 of 2005 PA 244 (MCL 487.2131). TIE BAR WITH: HB 5558'26

Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services. Amends sec. 11 of 2005 PA 244 (MCL 487.2131). TIE BAR WITH: HB 5558'26

Labor
Active

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

Sponsor
David Martin (District 68), Matt Bierlein (District 97), Peter Herzberg (District 25), Gregory Alexander (District 98), Douglas Wozniak (District 59), Tyrone Carter (District 1), Joseph Tate (District 9), John Roth (District 104), Tullio Liberati (District 2), William Bruck (District 30)
Last action
2026-04-30
Official status
referred to second 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.

Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services. Amends sec. 11 of 2005 PA 244 (MCL 487.2131). TIE BAR WITH: HB 5558'26

Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services.

What This Bill Does

  • Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services.
  • Amends sec.
  • 11 of 2005 PA 244 (MCL 487.2131).
  • TIE BAR WITH: HB 5558'26

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.

Bill History

  1. 2026-04-30 HJ 34 Pg. 0

    reported with recommendation without amendment

  2. 2026-04-30 HJ 34 Pg. 0

    referred to second reading

  3. 2026-02-26 HJ 16 Pg. 189

    bill electronically reproduced 02/24/2026

  4. 2026-02-24 HJ 14 Pg. 163

    introduced by Representative Rep. David Martin

  5. 2026-02-24 HJ 14 Pg. 163

    read a first time

  6. 2026-02-24 HJ 14 Pg. 163

    referred to Committee on Regulatory Reform

Official Summary Text

Financial institutions: other; deferred presentment service transactions act; provide for exemption for certain earned wage access services. Amends sec. 11 of 2005 PA 244 (MCL 487.2131). TIE BAR WITH: HB 5558'26