{"id":3513,"date":"2014-06-05T14:20:16","date_gmt":"2014-06-05T18:20:16","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=3513"},"modified":"2014-06-05T14:20:16","modified_gmt":"2014-06-05T18:20:16","slug":"senate-committee-passes-michigan-investment-market-legislation","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2014\/06\/05\/senate-committee-passes-michigan-investment-market-legislation\/","title":{"rendered":"Senate Committee Passes Michigan Investment Market Legislation"},"content":{"rendered":"

HB 5273<\/a>, a bill\u00a0dealing with Michigan investment markets, unanimously passed out of the Senate Banking and Financial Institutions committee this afternoon.\u00a0 HB 5273 would give businesses and residents in Michigan the ability to become broker-dealers to create a market (online or in person)\u00a0through which intrastate stocks can be listed, bought, sold and resold. Those interested in purchasing stock from local companies would have easy access to the listings of all the companies on the exchange and show these potential investors that there is indeed a market for what they may be purchasing. \u00a0Exchanges must apply and be registered with the state as well as follow rules of operation laid out in the legislation which will provide security for all those participating, both the businesses and the investors.<\/p>\n

This is the next progression from the MILE\/crowdfunding legislation that was passed earlier this year and we are thankful to Rep. Jenkins for working so diligently to help small businesses in our local communities grow and prosper.<\/p>\n

Nikki Brown is a legislative associate for the League handling economic development and land use issues.\u00a0 She can be reached at nbrown@mml.org or 517-908-0305.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

HB 5273, a bill\u00a0dealing with Michigan investment markets, unanimously passed out of the Senate Banking and Financial Institutions committee this afternoon.\u00a0 HB 5273 would give businesses and residents in Michigan the ability to become broker-dealers to create a market (online or in person)\u00a0through which intrastate stocks can be listed, bought, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3513","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"\nSenate Committee Passes Michigan Investment Market Legislation - 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