Fabio
98 lines
5.0 KiB
Markdown
98 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Financial institutions: credit unions; designation of inactive account; allow under certain conditions. Amends sec. 355 of 2003 PA 215 (MCL 490.355)."
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description: "Financial institutions: credit unions; designation of inactive account; allow under certain conditions. Amends sec. 355 of 2003 PA 215 (MCL 490.355)."
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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: "SB 388"
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citation: "Michigan SB 388 (2023-2024)"
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classification: ["bill"]
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subjects: ["Financial institutions: banking practices", "Financial institutions: credit unions", "State agencies (existing): insurance and financial services"]
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status: "enacted"
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primary_sponsors: ["Veronica Klinefelt"]
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version_count: 4
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action_count: 30
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vote_count: 3
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first_action: "2023-06-14"
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last_action: "2024-07-30"
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source: "openstates"
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source_identifier: "ocd-bill/68cf7569-0148-48bc-becc-e082bc7da19d"
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source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2023-SB-0388"
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source_hash: "7b56a6b8bf9ced8cb14c6262e5f85c4739d4bf0eca29c30cfa83e6d712b417c7"
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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 SB 388 (2023-2024) — Financial institutions: credit unions; designation of inactive account; allow under certain conditions. Amends sec. 355 of 2003 PA 215 (MCL 490.355).
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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/Senate/pdf/2023-SEBH-0388.pdf)
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2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/pdf/2023-SEBS-0388.pdf)
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3. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2024-PA-0100.pdf)
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4. **Senate Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/Senate/pdf/2023-SIB-0388.pdf)
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## Votes
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- PASSED ROLL CALL # 541 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 — **38–0** (pass) · upper
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- defeated Roll Call # 7 Yeas 52 Nays 49 Excused 0 Not Voting 7 — **52–49** (pass) · lower
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- passed; given immediate effect Roll Call # 189 Yeas 105 Nays 4 Excused 0 Not Voting 1 — **105–4** (pass) · lower
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## Sponsors
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- Veronica Klinefelt — primary (person)
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- Dayna Polehanki — cosponsor (person)
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- Erika Geiss — cosponsor (person)
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- John Cherry — cosponsor (person)
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- Paul Wojno — cosponsor (person)
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- Rosemary Bayer — cosponsor (person)
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- Sean McCann — cosponsor (person)
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- Stephanie Chang — cosponsor (person)
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- Sue Shink — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-06-14** INTRODUCED BY SENATOR VERONICA KLINEFELT `introduction`
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- **2023-06-14** REFERRED TO COMMITTEE ON VETERANS AND EMERGENCY SERVICES `referral-committee`
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- **2023-10-05** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
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- **2023-10-05** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
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- **2023-10-17** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
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- **2023-10-17** PLACED ON ORDER OF THIRD READING
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- **2023-10-18** PASSED ROLL CALL # 541 YEAS 38 NAYS 0 EXCUSED 0 NOT VOTING 0 `passage`
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- **2023-10-18** received on 10/18/2023 `introduction`
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- **2023-10-18** read a first time `reading-1`
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- **2023-10-18** referred to Committee on Insurance and Financial Services `referral-committee`
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- **2024-01-18** referred to Committee on Military, Veterans and Homeland Security `referral-committee`
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- **2024-02-06** reported with recommendation without amendment `committee-passage`
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- **2024-02-06** referred to second reading
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- **2024-02-13** read a second time `reading-2`
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- **2024-02-13** placed on third reading
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- **2024-02-13** placed on immediate passage
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- **2024-02-13** read a third time `reading-3`
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- **2024-02-13** defeated Roll Call # 7 Yeas 52 Nays 49 Excused 0 Not Voting 7
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- **2024-06-20** rule suspended
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- **2024-06-20** vote reconsidered
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- **2024-06-20** passed; given immediate effect Roll Call # 189 Yeas 105 Nays 4 Excused 0 Not Voting 1 `passage`
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- **2024-06-20** inserted full title
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- **2024-06-20** returned to Senate
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- **2024-06-26** GIVEN IMMEDIATE EFFECT
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- **2024-06-26** FULL TITLE AGREED TO
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- **2024-06-26** ORDERED ENROLLED
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- **2024-07-30** PRESENTED TO GOVERNOR 07/11/2024 01:44 PM `executive-receipt`
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- **2024-07-30** APPROVED BY GOVERNOR 07/23/2024 10:08 AM `executive-signature`
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- **2024-07-30** FILED WITH SECRETARY OF STATE 07/23/2024 12:08 PM
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- **2024-07-30** ASSIGNED PA 0100'24 WITH IMMEDIATE EFFECT
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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/68cf7569-0148-48bc-becc-e082bc7da19d`. Confidence: reported (aggregated from official Michigan legislature records).
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