Michigan 2023-2024 Regular Session Status: In Committee Bipartisan · 15 D · 3 R cosponsors

HB 5290 — Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends sec. 33 of 2005 PA 244 (MCL 487.2153).

Last action — bill electronically reproduced 11/01/2023

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced November 01, 2023. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 23 sponsors

    1 primary, 22 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (15 D · 3 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 5290 on the official Michigan source →

Action History

  1. bill electronically reproduced 11/01/2023

  2. referred to Committee on Insurance and Financial Services

  3. read a first time

  4. introduced by Representative Abraham Aiyash

Sponsors

Sponsorship breakdown

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1 sponsors · 22 co-sponsors · 124 not signed on

Sponsors (1)

  • Abraham Aiyash

Co-sponsors (22)

Not signed on (124)

124 members have not signed on to this bill.

Show all 124 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 5290?
HB 5290 is sponsored by Abraham Aiyash, Carol Glanville (Democrat), Natalie Price (Democrat), Stephanie A Young (Democrat), Cynthia Neeley (Democrat), Jason Morgan (Democrat), Kimberly Edwards (Democrat), Amos O'Neal (Democrat), Emily Dievendorf (Democrat), Kara Hope (Democrat), Veronica Paiz (Democrat), Donavan McKinney (Democrat), Denise Mentzer (Democrat), Felicia Brabec, Lori Stone, Jimmie Wilson Jr (Democrat), Pat Outman (Republican), Sharon MacDonell (Democrat), John R. Roth (Republican), Gina Johnsen (Republican), Dale Zorn, Alabas Farhat (Democrat), and Karen Whitsett.
What is the current status of HB 5290?
This bill is in committee in the House. Introduced November 01, 2023. It must pass committee before a floor vote.
Where can I track HB 5290?
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Last checked for changes 3 months ago · updated continuously

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