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2007 House Bill 4865: Increase fees on licensed entities and professions

Public Act 82 of 2007

Introduced by Rep. Bert Johnson (D) on May 29, 2007
To not reduce investment advisor, stockbroker and dealer licensure fees on Sept. 30, 2007. The fees were “temporarily” increased in 2006, and under current law will go back down after that date. The bill would make those increases permanent, and also give the Office of Financial and Insurance Services the authority to raise these fees at will through the promulgation of a new administrative rule. The bill is one of a large package of fee increase bills.   Official Text and Analysis.
Referred to the House Appropriations Committee on May 29, 2007
To not reduce investment advisor, stockbroker and dealer licensure fees on Sept. 30, 2007. The fees were “temporarily” increased in 2006, and under current law will go back down after that date. Under the bill the higer fees will remain in effect until 2012. The bill is one of a large package of fee increase bills.
Moved to reconsider by Rep. Steve Tobocman (D) on September 23, 2007
The vote by which the House did not pass the bill.
The motion passed by voice vote in the House on September 23, 2007
Received in the House on September 23, 2007
Substitute offered by Rep. Steve Tobocman (D) on September 23, 2007
To replace the previous version of the bill with one that would extend those increases to 2012, and NOT give the Office of Financial and Insurance Services the authority to raise these fees at will through the promulgation of a new administrative rule.
The substitute passed by voice vote in the House on September 23, 2007
To not reduce investment advisor, stockbroker and dealer licensure fees on Sept. 30, 2007. The fees were “temporarily” increased in 2006, and under current law will go back down after that date. Under the bill the higher fees will remain in effect until 2012. The bill is one of a large package of fee increase bills.
Received in the Senate on September 23, 2007
Referred to the Senate Appropriations Committee on September 23, 2007
Reported in the Senate on September 27, 2007
With the recommendation that the bill pass.
Signed by Gov. Jennifer Granholm on September 30, 2007

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