This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.

Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 715

Relating to: authorized activities and operations of credit unions; the lending area of savings and loan associations; automated teller machines; residential mortgage loans and variable rate loans; payments for public deposit losses in failed financial institutions; promissory notes of certain public bodies; repealing rules promulgated by the Department of Financial Institutions; providing an exemption from rule-making procedures; and providing a penalty.

By Representatives Katsma, Murphy, O'Connor, Allen, Behnke, Dittrich, Goeben, Gundrum, Novak, Penterman and Rettinger; cosponsored by Senators Stafsholt, Cabral-Guevara, Felzkowski, Marklein and Taylor.

November 27, 2023��� Referred to Committee on Financial Institutions

December 05, 2023���� Public Hearing Held

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

Absent:������ (0)������� None.

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

Appearances For

����� Representative Terry Katsma - 26th Assembly District

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

����� Chris Moczynski - Prime Financial Credit Union

����� Lorenzo Cruz - Wisconsin Bankers Association

����� Gary Kuter - Wisconsin Bankers Association

����� Jeffrey Vohs - Wisconsin Bankers Association

Appearances Against

����� None.

Appearances for Information Only

����� None.

Registrations For

����� Senator Rob Stafsholt - 10th Senate District

����� Assistant Deputy Secretary Catherine Haberland - Wisconsin Department of Financial Institutions

����� Rene Kaiser - Capitol Bank

����� Anne Conlin - Capitol Bank

����� Amy Gile-Enge - Capitol Bank

����� Ken Thompson - Capitol Bank

����� Scott Stewart - Heartland Credit Union

����� Staci Schoenrock - Fort Community Credit Union

����� Jeff Scheuerell - Fort Community Credit Union

����� Jennifer Rathke - WESTconsin Credit Union

����� Marie Gremore - WESTconsin Credit Union

����� Maddie Weber - WESTconsin Credit Union

Registrations Against

����� None.

Registrations for Information Only

����� None.

January 10, 2024�������� 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 Murphy, seconded by Representative Katsma that Assembly Amendment 1 be recommended for adoption.

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

Noes:���� (0)���� None.

ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 8, Noes 0

Moved by Representative Katsma, seconded by Representative Murphy that Assembly Bill 715 be recommended for passage as amended.

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

Noes:���� (0)���� None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 9, Noes 0

______________________________

Dan Hubert

Committee Clerk