2002 Senate Bill 1007 / Public Act 247

Introduced in the Senate

Jan. 24, 2002

Introduced by Sen. John Cherry (D-28)

To require savings banks to seize the funds of terrorist organizations. See also House Bills 5495 to 5520, and Senate Bills 930 to 960.

Referred to the Committee on Banking and Financial Institutions

March 13, 2002

Substitute offered

To replace the previous version of the bill with a version which narrows the bill to only require banks to also send reports on certain types of transaction by customers already required by federal law to the state police, as well as to the federal government.

The substitute passed by voice vote

March 21, 2002

Amendment offered by Sen. Gary Peters (D-14)

To establish a new date on which the bill will go into effect if passed.

The amendment passed by voice vote

Passed in the Senate 32 to 0 (details)

To require banks to also send to the state police reports on certain types of customer transaction which federal law already requires banks to report to the federal government.

Received in the House

March 21, 2002

April 17, 2002

Passed in the House 104 to 0 (details)

Received in the Senate

April 17, 2002

Signed by Gov. John Engler

April 30, 2002