Senate

Record of Committee Proceedings

Committee on Insurance and Housing

Senate Bill 152

Relating to: exemption from regulation for certain annuities and providing a penalty.

By Senators Lasee, Harsdorf, Schultz and Petrowski; cosponsored by Representatives Knudson, Zepnick, Marklein and Czaja.

April 25, 02013           Referred to Committee on Insurance and Housing

May 08, 2013              Public Hearing Held

Present:                   (5)     Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.

Absent:                   (0)     None.

Excused:                 (0)     None.

Appearances For

·      None.

Appearances Against

·      None.

Appearances for Information Only

·      JP Weiske - OCI

·      Michelle Gran - Marquette University

·      Mary Czech-Mrochinski - Marquette University

·      Don Nelson - UW-Madison

Registrations For

·      Ron Francis - Kenosha Police Department

Registrations Against

·      None.

Registrations for Information Only

·      None.

May 08, 2013              Executive Session Held

Present:                   (5)     Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.

Absent:                   (0)     None.

Excused:                 (0)     None.

October 09, 2013        Executive Session Held

Present:                   (5)     Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.

Absent:                   (0)     None.

Excused:                 (0)     None.

Moved by Senator Olsen, seconded by Senator Schultz that Senate Substitute Amendment 1 be recommended for adoption.

Ayes:               (4)        Senator Lasee; Senators Olsen, Schultz and T. Cullen.

Noes:               (1)        Senator Erpenbach.

SENATE SUBSTITUTE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 4, Noes 1

Moved by Senator Olsen, seconded by Senator Cullen that Senate Bill 152 be recommended for passage as amended.

Ayes:               (4)        Senator Lasee; Senators Olsen, Schultz and T. Cullen.

Noes:               (1)        Senator Erpenbach.

PASSAGE AS AMENDED RECOMMENDED, Ayes 4, Noes 1

______________________________

Robert Kovach

Committee Clerk