Michigan Senate Passes Four Credit Union Bills

Michigan’s Senate passed four Credit Union Act bills 33-0, the only finance, insurance or real estate bills to clear a chamber this week. Pennsylvania lawmakers proposed capping local property tax rate increases, and Texas lawmakers filed 21 bills on insurance rates, landlords, property tax and crypto.

What Changed

• Michigan · SB1026, SB1027, SB1029 and SB1030 update the Credit Union Act on assumed names, bylaw amendments, emergency closures and merger notices · Passed the Senate Nov. 5, each 33-0.
• Pennsylvania · H.B.2885 (counties) and H.B.2889 (municipalities) would cap property tax rate increases. H.B.2886 changes referendum rules for school district tax increases, and S.B.1510 covers motor vehicle sales finance · Introduced Nov. 4–6.
• Texas insurance · HB226 would require prior approval for personal lines rate changes above 5%. HB522 sets an annual premium limit for auto liability insurance, and SB309 would bar credit scoring in some personal insurance lines · Filed Nov. 9, with six more insurance bills.
• Texas real estate, lending and crypto · Bills on landlord fees, property tax relief, mortgage originator licensing, local government crypto investments and a blockchain title registry pilot · Filed Nov. 9–10.
• Michigan · HB6446, HB6447 and HB6448 would create landlord registration and a landlord database · Introduced Nov. 5.
• Nevada · AB34, on canceling insurance policies · Prefiled Nov. 4.

No bill cleared committee or reached final action. No bills on stablecoins, earned wage access or homeowners insurance moved.

The Lead

Michigan SB1029 and SB1030: credit union closures and mergers. Passed the Senate Nov. 5.

• Emergency closures. SB1029 lets a credit union that closes in an emergency notify the director “by email, voice mail, or any other acceptable method established by the director by rule, bulletin, or declaratory ruling.”
• Mergers. SB1030 says “Credit unions with different fields of membership may merge under this section.” Members must get notice of a merger meeting “not less than 45 days” before it.
• Member votes. The director may waive the member vote in the “best interests of the membership” or if a credit union is “insolvent or in imminent danger of becoming insolvent.”

Pennsylvania H.B.2889 and H.B.2885: property tax rate caps. Introduced Nov. 4–6 by Reps. Mako, Flood, Kuzma and Mackenzie.

• The cap. Local governments could not raise property tax rates by more than the lesser of “four percent of the rate of taxation imposed in the preceding year” or the prior year’s regional inflation rate.
• Voter override. A larger increase is allowed “upon approval by a majority of the electors voting on a referendum question authorizing the increase.”
• Who’s covered. H.B.2889 covers municipalities but excludes “a city of the first class or second class, a county or school district.” H.B.2885 applies the same test to most counties.
• Timing. Both apply “to taxes levied for fiscal years beginning on or after January 1, 2028.”

Michigan HB6446: landlord registration. Introduced Nov. 5 by Rep. Young.

• Registration. “A landlord shall complete and send the form for each rental property owned by the landlord to the authority,” the Michigan State Housing Development Authority.
• Ownership. The form must name anyone with more than a 10% ownership interest.
• Penalty. Violations carry “a civil fine of not more than $50.00 for each day the violation continues.” The bill takes effect only if HB6447 and HB6448 also pass.

Our read: The Michigan bills read as housekeeping. The 45-day notice floor is the change most likely to affect merger timelines. Pennsylvania’s bills would put most counties and municipalities under one cap with a voter override, starting with 2028 levies. Texas HB226 would move personal lines rate changes above 5% from file-and-use to prior approval.

In Committee

Property tax dominated committee talk. Most hearings were interim study sessions, with Ohio as the exception.

1. Ohio House Committee on Local Government, Nov. 10. Township officials testified that HB592, a municipal incorporation bill, could help if the state eliminates property taxes. One said it “would provide a valuable tool for townships like mine.” Another asked, “if those property tax dollars get rolled back, how do we … sustain our local government?” Chair OH Rep. Angela “Angie” King (R-OH-084) called property taxes “a huge concern and a huge burden right now to Ohioans across the state.” Testimony · Testimony · King
2. Washington House Committee on Local Government, Nov. 10. Chair WA Rep. Davina Duerr (D-WA-001) asked whether insurers now understand “the risk of shoreline and sea level rise” the way they do wildfires. Transcript
3. Kansas Joint Committee on Kansas Security, Nov. 9. Testimony flagged a rise in fraud involving “cryptocurrency and … crypto ATMs.” Transcript

State And Local Spotlight

Property tax relief drew new bills in three states this week.

1. Pennsylvania House, Nov. 4–6. Property tax cap bills for counties and municipalities, plus a school district referendum bill. See The lead.
2. Texas and Michigan. Texas filed property tax relief bills HB332 and HB1037. Michigan’s SB1215 would pause property tax uncapping while an owner corrects a title.
3. Texas Legislature, Nov. 9. HB226, by Rep. Trey Martinez Fischer, gives the insurance commissioner 90 days to approve or reject a covered rate, with one 90-day extension. “A rate that is not disapproved in the period required by this section is considered approved.” It would apply to rates filed on or after Jan. 1, 2028.

Quorum found no formal local votes on property tax, zoning or rent this week.

What Lawmakers Are Saying

1. Florida: ending property taxes. FL Rep. Ryan Chamberlin (R-FL-024), Nov. 10: “If we want our NEXT generation to own a home, its time to overhaul the entire property tax system.” In a second post: “Let’s implement Amendment 3 and then begin total elimination.” Post · Post
2. Portsmouth, N.H.: what property tax pays for. Councilor Andrew Bagley, Nov. 10, on the city’s proposed budget: “Property tax is the big one, $122.7 million or 78 percent.” He added that a lost revenue source “almost always lands on your tax bill.” Post
3. Illinois: veto session preview. IL Rep. Ryan Spain (R-IL-073), Nov. 10, listed “property taxes, healthcare, data center regulation, redistricting reform, and housing affordability” among issues likely to come up when lawmakers return next week. Post

How often officials posted on these topics (Facebook and Instagram):

• 138 posts by officials mentioned “property tax,” about a third of the prior week’s count.
• 1 post mentioned “homeowners insurance,” down from 5.
• 0 posts mentioned “cryptocurrency,” down from 5.

Campaign posts fell off after Election Day.

What To Watch

• Week of Nov. 16, 2026: The Illinois General Assembly returns for its fall veto session, with property taxes and housing affordability on the list of likely topics.

No hearings are on the calendar through Dec. 11 for the Michigan credit union bills, the Pennsylvania cap bills, Michigan HB6446 or the Texas insurance bills.

Movement

Source: Quorum legislative data, Nov. 4–10, 2026. Each bill is counted once, at its furthest step this week. Track bills like these with Quorum State and Quorum Federal.