State Rep. Matt Maddock, R Milford, introduced a bill that would expand access to driver’s license renewal and vehicle registration services to financial institutions.
“I’m excited to tell you that I submitted a bill to reduce wait times at the Secretary of State,” Maddock posted on Facebook. “The bill would permit banks [to] provide the same services. There are 131 SOS offices, and over 3000 banks. The bill became HB 5171, with 21 cosponsors, and if passed it could save $150-200 million in the Michigan economy from lost work and wait times.”
Maddock, who chairs the House Appropriations subcommittee on Transportation, said the measure would ease congestion by spreading customers across thousands of businesses that choose to offer the services.
“I often talk to people who voice their frustrations with going to the Secretary of State. There are over 3 million registered vehicles in Michigan. That’s a lot of information to process and it’s tasked to one department,” Maddock said in a statement.
“We can alleviate some of the burden on the SOS by allowing financial institutions to do this work. This bill doesn’t require anyone to go to their bank for the registration process. It merely offers people another avenue to get these things done and maybe save a little time along the way.”
Financial institutions that choose to offer these services would have to track renewals and funnel fee revenue equal to the SOS into the Michigan Transportation Fund.
“They could charge an additional fee but I believe the smart banks and credit unions just might offer these services for free to get new customers in the door!” Maddock said in a Facebook post. “Like grocery stores giving away eggs or milk at a reduced cost. I’d gladly pay an additional 20 bucks to NOT wait in line three hours.”
Michigan Secretary of State Jocelyn Benson promised a 30-minute guarantee at offices during her campaign but estimated in April that likely won’t happen until 2022 due to outdated and broken systems and equipment.
“I’m a big picture guy,” Maddock told 94.9 WSJM. “We have very smart people working both at banks and at the Secretary of State’s office, and they’ll figure out a way to make this happen.
The bill was referred to the House Transportation Committee. Maddock didn’t respond to interview requests.