Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 24

Relating to: variable rate loans.

By Representatives Katsma, Doyle, R. Brooks, Macco, Thiesfeldt, Sanfelippo, A. Ott, Nygren, Tittl, Kremer, Brandtjen, Kapenga, Craig, Skowronski, Weatherston, Knodl, Vorpagel, Allen, Horlacher, Jarchow and Steffen; cosponsored by Senator Wanggaard.

February 05, 2015       Referred to Committee on Financial Institutions

February 11, 2015       Public Hearing Held

Present:       (15)      Representative Craig; Representatives Katsma, Kapenga, Jarchow, Born, Ballweg, Weatherston, Murphy, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.

Absent:       (1)        Representative Petersen.

Excused:     (1)        Representative Sanfelippo.

Appearances For

·      Representative Terry Katsma

·      Michael Semmann - Wisconsin Bankers Association

·      Heather MacKinnon - Wisconsin Bankers Association

Appearances Against

·      Stacia Conneely - Legal Action of Wisconsin

Appearances for Information Only

·      None.

Registrations For

·      Tom Liebe - Wisconsin Credit Union League

·      George Klaetsch - Wisconsin Mortgage Bankers Association

Registrations Against

·      Mary Fons

·      Vicky Selkow - Legal Action of Wisconsin

Registrations for Information Only

·      None.

March 19, 2015           Executive Session Held

Present:       (16)      Representative Craig; Representatives Katsma, Kapenga, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.

Absent:       (0)        None.

Excused:     (1)        Representative Ballweg.

Moved by Representative Katsma, seconded by Representative Sanfelippo that Assembly Bill 24 be recommended for passage.

Ayes:     (13)   Representative Craig; Representatives Katsma, Kapenga, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick and Genrich.

Noes:     (3)     Representatives Sargent, Johnson and Brostoff.

Absent:  (1)     Representative Ballweg.

PASSAGE RECOMMENDED, Ayes 13, Noes 3

______________________________

Sam Hope

Committee Clerk