Fabio
100 lines
5.5 KiB
Markdown
100 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Occupations: securities; notification and temporary hold on certain account disbursements for the protection of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A."
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description: "Occupations: securities; notification and temporary hold on certain account disbursements for the protection of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A."
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jurisdiction: "us/states/mi"
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legislature: "Michigan Legislature"
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session: "2023-2024"
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identifier: "HB 4197"
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citation: "Michigan HB 4197 (2023-2024)"
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classification: ["bill"]
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subjects: ["Occupations: advisors and counselors", "Occupations: securities", "State agencies (existing): insurance and financial services"]
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status: "enacted"
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primary_sponsors: ["Angela Witwer"]
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version_count: 7
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action_count: 28
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vote_count: 2
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first_action: "2023-03-07"
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last_action: "2023-12-31"
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source: "openstates"
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source_identifier: "ocd-bill/a61a2924-d9cd-48f1-afd6-96577157c29c"
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source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2023-HB-4197"
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source_hash: "4cf2e29e9cb15cb4c08cab91f9c61ec7b498930e20453e368f094dc5bd6a5236"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-mi"]
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---
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# Michigan HB 4197 (2023-2024) — Occupations: securities; notification and temporary hold on certain account disbursements for the protection of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **As Passed by the House** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2023-HEBH-4197.pdf)
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2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2023-HEBS-4197.pdf)
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3. **House Concurred Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billconcurred/House/pdf/2023-HCB-4197.pdf)
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4. **House Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/House/pdf/2023-HIB-4197.pdf)
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5. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2023-PA-0306.pdf)
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6. **Substitute (H-1)** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2023-HCVBS-4197-0N295.pdf)
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7. **Substitute (H-1) - 2** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2023-HCVBS-4197-0O338.pdf)
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## Votes
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- passed; given immediate effect Roll Call # 144 Yeas 103 Nays 4 Excused 0 Not Voting 3 — **103–4** (pass) · lower
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- PASSED ROLL CALL # 724 YEAS 37 NAYS 0 EXCUSED 1 NOT VOTING 0 — **37–0** (pass) · upper
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## Sponsors
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- Angela Witwer — primary (person)
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- Carrie Rheingans — cosponsor (person)
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- Christine Morse — cosponsor (person)
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- Jason Morgan — cosponsor (person)
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- Jasper Martus — cosponsor (person)
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- Jim Haadsma — cosponsor (person)
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- Noah Arbit — cosponsor (person)
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- Penelope Tsernoglou — cosponsor (person)
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- Rachel Hood — cosponsor (person)
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- Sharon MacDonell — cosponsor (person)
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- Stephanie A. Young — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-03-07** introduced by Representative Angela Witwer `introduction`
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- **2023-03-07** read a first time `reading-1`
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- **2023-03-07** referred to Committee on Insurance and Financial Services `referral-committee`
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- **2023-03-08** bill electronically reproduced 03/07/2023
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- **2023-05-30** reported with recommendation with substitute (H-1) `committee-passage`
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- **2023-05-30** referred to second reading
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- **2023-06-07** read a second time `reading-2`
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- **2023-06-07** substitute (H-1) adopted
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- **2023-06-07** placed on third reading
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- **2023-06-08** read a third time `reading-3`
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- **2023-06-08** passed; given immediate effect Roll Call # 144 Yeas 103 Nays 4 Excused 0 Not Voting 3 `passage`
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- **2023-06-08** transmitted
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- **2023-06-13** REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION `referral-committee`
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- **2023-11-09** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
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- **2023-11-09** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
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- **2023-11-09** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
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- **2023-11-09** PLACED ON ORDER OF THIRD READING
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- **2023-11-09** RULES SUSPENDED
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- **2023-11-09** PLACED ON IMMEDIATE PASSAGE
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- **2023-11-09** PASSED ROLL CALL # 724 YEAS 37 NAYS 0 EXCUSED 1 NOT VOTING 0 `passage`
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- **2023-11-09** INSERTED FULL TITLE
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- **2023-11-09** returned from Senate without amendment with full title
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- **2023-11-09** full title agreed to
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- **2023-11-09** bill ordered enrolled
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- **2023-12-31** presented to the Governor 12/06/2023 02:28 PM `executive-receipt`
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- **2023-12-31** approved by the Governor 12/13/2023 04:50 PM `executive-signature`
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- **2023-12-31** filed with Secretary of State 12/14/2023 09:58 AM
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- **2023-12-31** assigned PA 306'23
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a61a2924-d9cd-48f1-afd6-96577157c29c`. Confidence: reported (aggregated from official Michigan legislature records).
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