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HB5568 • 2026

Financial institutions: generally; 1966 PA 326; amend to exempt earned wage access services. Amends sec. 1 of 1966 PA 326 (MCL 438.31). TIE BAR WITH: HB 5558'26

Financial institutions: generally; 1966 PA 326; amend to exempt earned wage access services. Amends sec. 1 of 1966 PA 326 (MCL 438.31). TIE BAR WITH: HB 5558'26

Labor
Active

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

Sponsor
Peter Herzberg (District 25), Douglas Wozniak (District 59), Gregory Alexander (District 98), Matt Bierlein (District 97), Will Snyder (District 87), 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: generally; 1966 PA 326; amend to exempt earned wage access services. Amends sec. 1 of 1966 PA 326 (MCL 438.31). TIE BAR WITH: HB 5558'26

Financial institutions: generally; 1966 PA 326; amend to exempt earned wage access services.

What This Bill Does

  • Financial institutions: generally; 1966 PA 326; amend to exempt earned wage access services.
  • Amends sec.
  • 1 of 1966 PA 326 (MCL 438.31).
  • 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. 558

    reported with recommendation without amendment

  2. 2026-04-30 HJ 34 Pg. 558

    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. Peter Herzberg

  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: generally; 1966 PA 326; amend to exempt earned wage access services. Amends sec. 1 of 1966 PA 326 (MCL 438.31). TIE BAR WITH: HB 5558'26