Michigan 2025-2026 Regular Session

Michigan House Bill HB5600

Introduced

2/26/26

Refer

2/26/26

Caption

Appropriations: department of insurance and financial services; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

Impact

The impact of HB5600 is relatively straightforward as it formalizes the financial support required for the insurance and financial services sector. By establishing a clear budget allocation, it helps ensure that the department can manage its operations without interruption, which is essential for maintaining regulatory oversight and consumer protection within the state. Moreover, the transparency in funding can aid in fostering trust among stakeholders, including businesses and consumers, regarding the state's commitment to effective insurance and financial regulation.

Summary

House Bill 5600 seeks to provide appropriations for the Department of Insurance and Financial Services for the fiscal year ending September 30, 2027. The bill primarily outlines a gross appropriation of $100 from the state general fund or general purpose, which is designated specifically for the insurance and financial services sector. This legislation represents a procedural step necessary for the functioning of the department, ensuring that it has the financial resources to operate effectively in carrying out its mandate of overseeing insurance and financial regulation within the state.

Contention

While the bill itself does not seem to have significant points of contention, discussions around appropriations can often raise concerns regarding the adequacy of funding and the implications for service delivery. Stakeholders may question whether the amount allocated is sufficient for the department to fulfill its responsibilities effectively, especially in light of potentially increasing regulatory requirements. Additionally, as with any budget-related bill, there may be broader debates over budget priorities and the allocation of state resources to various departments, including insurance, which often involve considerations of economic interest and public welfare.

Latest MI HB5600 Activity

View All Events: MI 2025-2026 Regular Session HB5600

Companion Bills

No companion bills found.

Previously Filed As

MI SB0872

Appropriations: department of insurance and financial services; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MI SB0178

Appropriations: department of insurance and financial services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

MI HB4566

Appropriations: department of insurance and financial services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

MI HB5607

Appropriations: department of health and human services; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MI SB0857

Appropriations: department of health and human services; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MI HB4706

Appropriations: omnibus; appropriations for multiple departments and branches for the fiscal year 2025-2026 and supplemental appropriations for fiscal year 2024-2025; provide for. Creates appropriation act.

MI HB5606

Appropriations: department of health and human services; appropriations for fiscal year 2026-2027 for human services; provide for. Creates appropriation act.

MI HB5603

Appropriations: department of education; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MI SB0869

Appropriations: department of education; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MI SB0180

Appropriations: department of health and human services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.