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MI HB4105

Bill

Status

Passed

12/31/2019

Primary Sponsor

Ryan Berman

Click for details

Origin

House of Representatives

100th Legislature

AI Summary

  • Amends MCL 750.174 to include cryptocurrency in the definition of "money or other personal property" for embezzlement offenses.

  • Establishes tiered penalties for embezzlement based on value: misdemeanor for under $200; enhanced misdemeanor for $200-$999; felony charges for amounts $1,000 and above, with sentences ranging from 5 to 20 years depending on value.

  • Allows aggregation of embezzled amounts within 12-month periods under a scheme or course of conduct; removes time limit for aggregation when directed against a single entity.

  • Permits consecutive sentencing for felony embezzlement when victims are nonprofit organizations, charitable organizations, seniors aged 60+, or vulnerable adults.

  • Takes effect 90 days after enactment, with approval date of December 20, 2019 and effective date of March 19, 2020.

Legislative Description

Crimes; embezzlement; crimes involving embezzlement; include cryptocurrency in definitions in embezzlement section in penal code. Amends sec. 174 of 1931 PA 328 (MCL 750.174).

Crimes: penalties

Last Action

Assigned Pa 173'19

12/31/2019

Committee Referrals

Judiciary And Public Safety4/10/2019
Judiciary3/13/2019
Financial Services1/29/2019

Full Bill Text

No bill text available