Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateMichiganEnacted
SB 872: Appropriations: department of insurance and financial services; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.
Mary Cavanagh
SB 872 status: Enacted — REASSIGNED TO COMMITTEE ON APPROPRIATIONS (updated Sep 10, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
68OUT OF 100
Score:68/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 60/100
Constitutionality100%
Bipartisan50%
Public opinion50%
Bill summary
What changes
The bill sets the fiscal budget for the Michigan Department of Insurance and Financial Services for the 2026-2027 period.
Who is affected
The Department of Insurance and Financial Services, state-regulated financial institutions, and insurance entities.
Requirements and enforcement
The bill mandates the allocation of funds to support the operational and regulatory duties of the department.
Costs and funding
Not stated in the available source.
When it takes effect
Fiscal year 2026-2027.
Potential benefits
Provides necessary funding to maintain the regulatory framework governing the state's financial and insurance sectors.
Risks and tradeoffs
The available summary does not detail if there are funding increases or decreases that could impact departmental performance.
What is still unknown
Specific budgetary allocations, headcount changes, or new administrative directives are currently unknown.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
65%
Benefits
- Ensures operational funding for financial regulatory oversight
- Supports stability in insurance market administration
- Provides predictable resource levels for state financial regulation
Risks
- Potential for bureaucratic resource constraints if funding is flat
- Administrative compliance costs for regulated entities remain steady
- Limitations on departmental flexibility during market volatility
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Positive outlook
70%
Benefits
- Legislative review of department spending
- Formalization of public financial priorities
- Budgetary oversight through the committee process
Risks
- Abstract lacks granular line-item transparency
- Limited public visibility into specific operational spending
- Budget process dependent on legislative committee priorities
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
The summary lacks specific detail regarding changes in funding levels compared to prior fiscal years.
Analysis scope
Source information is limited to a brief legislative abstract.
04
Where it stands
Official recordREASSIGNED TO COMMITTEE ON APPROPRIATIONS
- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorComplete
- EnactedComplete
05
How it affects your district
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06
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