Michigan legislation · 103rd Legislature
Michigan HB4087: State finance: other; strategic bitcoin reserve; establish. Amends sec. 351 of 1984 PA 431 (MCL 18.1351) by adding sec. 351a.
Status: In committee, July 1, 2026
What the bill says
To amend 1984 PA 431, entitled "The management and budget act," by amending section 351 (MCL 18.1351) and by adding section 351a.
From the introduced text, February 13, 2025:
A bill to amend 1984 PA 431, entitled "The management and budget act," by amending section 351 (MCL 18.1351) and by adding section 351a. the people of the state of michigan enact: Sec. 351. (1) A Subject to section 351a, a countercyclical budget and economic stabilization fund is created to assist in stabilizing revenue and employment during periods of economic recession and high unemployment. (2) As used in this section and sections 352 to 359, "fund" means the countercyclical budget and economic stabilization fund. (3) As used in section 352, "current calendar year" means the year that ends December 31 in which the determination of the transfer into or out of the fund is being made. Sec. 351a. (1) Subject to subsection (2), the state treasurer may invest money from any of the following funds in cryptocurrency: (a) The general fund. (b) The countercyclical budget and economic stabilization fund created under section 351. (2) The state treasurer shall not invest greater than 10% of the available funds in each fund described under subsection (1) in cryptocurrency. (3) The state treasurer shall transfer any taxes paid or fees generated to this state in the form of cryptocurrency to the general fund, and if the payment or fees generated in the form of cryptocurrency were designated to a fund other than the …
Sponsors
- Posthumus, Bryan (R, 90) · primary sponsor
Latest actions
- : Rep. Ron Robinson removed as cosponsor
- : re-referred to Committee on Communications and Technology
- : placed on second reading
- : motion to discharge committee approved
- : rule suspended
- : referred to Committee on Government Operations
- : placed on second reading
- : motion to discharge committee approved
- : rule suspended
- : bill electronically reproduced 02/13/2025
Subjects: State agencies (existing): treasury, State finance: other
Common questions
- What is HB4087?
- HB4087 is a bill in the Michigan Legislature (103rd Legislature): State finance: other; strategic bitcoin reserve; establish. Amends sec. 351 of 1984 PA 431 (MCL 18.1351) by adding sec. 351a.
- What does HB4087 do?
- In its own words: To amend 1984 PA 431, entitled "The management and budget act," by amending section 351 (MCL 18.1351) and by adding section 351a.
- What is the status of HB4087?
- In committee as of July 1, 2026. Latest action: Rep. Ron Robinson removed as cosponsor (July 1, 2026).
- Who sponsored HB4087?
- Posthumus, Bryan (R, 90).
- Where is the official record for HB4087?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4087
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.