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Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 578

Relating to: financial exploitation of vulnerable adults.

By Representatives O'Connor, Macco, Katsma, Armstrong, Donovan, Nedweski, Steffen, Callahan, Magnafici, Rozar, Melotik, Wittke, Maxey, Penterman, Behnke, Rettinger, Mursau, Bare and Dittrich; cosponsored by Senators Quinn, Testin, Ballweg and Marklein.

October 31, 2023������� Referred to Committee on Financial Institutions

November 01, 2023��� Public Hearing Held

Present:������ (8)������� Representative Duchow; Representatives O'Connor, Allen, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.

Absent:������ (0)������� None.

Excused:���� (2)������� Representatives Katsma and Doyle.

Appearances For

����� Representative Jerry O'Connor - 52nd Assembly District

����� Representative John Macco - 88th Assembly District

����� Sarah Wainscott - Wisconsin Credit Union League

����� Lorenzo Cruz - Wisconsin Bankers Association

����� Gary Kuter - Wisconsin Bankers Association

����� Deb Bartolerio - First Citizens State Bank

����� Melissa Teeter - Horicon Bank

����� Karen Schellin - Johnson Financial Group

Appearances Against

����� None.

Appearances for Information Only

����� None.

Registrations For

����� Senator Romaine Quinn - 25th Senate District

����� Senator Pat Testin - 24th Senate District

����� Julie Phillips - NAIFA - Wisconsin

����� Jennifer Haydon - American National Bank

����� Lori Ruch - National Exchange Bank & Trust

����� Lenore Breit - Prevail Bank

Registrations Against

����� None.

Registrations for Information Only

����� None.

December 05, 2023���� Executive Session Held

Present:������ (9)������� Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.

Absent:������ (0)������� None.

Excused:���� (1)������� Representative Doyle.

Moved by Representative Rettinger, seconded by Representative Petryk that Assembly Bill 578 be recommended for passage.

Ayes:���� (7)���� Representative Duchow; Representatives O'Connor, Katsma, Murphy, Petryk, Rettinger and Jacobson.

Noes:���� (2)���� Representatives Allen and J. Anderson.

PASSAGE RECOMMENDED, Ayes 7, Noes 2

______________________________

Dan Hubert

Committee Clerk