Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 807
Relating to: credit union operations and modifying rules promulgated by the Department of Financial Institutions.
By Representatives Craig, Kuglitsch, Brandtjen, E. Brooks, Brostoff, Czaja, Hintz, Jacque, Kremer, Krug, Loudenbeck, Murphy, Nygren, Petryk, Riemer, Ripp, Rohrkaste, Sargent, Sinicki, Skowronski, Tauchen, Zepnick and Danou; cosponsored by Senators Stroebel, Gudex, Bewley, Carpenter and Vinehout.
January 25, 2016 Referred to Committee on Financial Institutions
January 27, 2016 Public Hearing Held
Present: (16) Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Ballweg, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Representative David Craig - 83rd State Assembly District
· Director of Government Affairs Sarah Wainscott - Wisconsin Credit Union League
· President & CEO Brett Thompson - Wisconsin Credit Union League
Appearances Against
· Director - Government Relations Jon Turke - Wisconsin Bankers Association
· Executive Vice President and COO Michael Semmann - Wisconsin Bankers Association
Appearances for Information Only
· Assistant Deputy Secretary Alex Ignatowski - Department of Financial Institutions
Registrations For
· President & CEO Tom Liebe - Cooperative Network
· Kevin Hauser - Westby Co-op Credit Union
· Robin Marohn - Wisconsin Credit Unions
· Tim Barthel - Community First Credit Union
· Jeremiah DeGollon - Summit Credit Union
Registrations Against
· None.
Registrations for Information Only
· None.
February 03, 2016 Executive Session Held
Present: (15) Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Katsma, seconded by Representative Murphy that Assembly Amendment 2 be recommended for adoption.
Ayes: (15) Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.
Noes: (0) None.
ASSEMBLY AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Murphy, seconded by Representative Born that Assembly Amendment 1 be recommended for adoption.
Ayes: (15) Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Murphy, seconded by Representative Brostoff that Assembly Bill 807 be recommended for passage as amended.
Ayes: (15) Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0
______________________________
Sam Hope
Committee Clerk
