Assembly

Record of Committee Proceedings

Committee on Judiciary

Assembly Bill 129

Relating to: structured settlement factoring transactions.

By Joint Legislative Council.

March 27, 2015           Referred to Committee on Judiciary

April 30, 2015             Public Hearing Held

Present:       (7)        Representative J. Ott; Representatives Horlacher, Thiesfeldt, Heaton, T. Larson, Wachs and Goyke.

Absent:       (0)        None.

Excused:     (2)        Representatives Kerkman and Hebl.

Appearances For

·      Anna Henning and Brian Larson - Legislative Council

·      Earl Nesbitt - National Association of Settlements Purchesers

·      Andy Frankin - WI Insurance Alliance

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Ron Kuehn - Professional Insurance Agents of WI

·      Theresa Elliot - Sentry Insurance

·      Matt Banaszynski - Independent Insurance Agents of WI

Registrations Against

·      None.

Registrations for Information Only

·      None.

May 07, 2015              Executive Session Held

Present:       (9)        Representative J. Ott; Representatives Horlacher, Thiesfeldt, Heaton, T. Larson, Kerkman, Wachs, Hebl and Goyke.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Representative Wachs, seconded by Representative Hebl that Assembly Amendment 1 be recommended for adoption.

Ayes:     (9)     Representative J. Ott; Representatives Horlacher, Thiesfeldt, Heaton, T. Larson, Kerkman, Wachs, Hebl and Goyke.

Noes:     (0)     None.

ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 9, Noes 0

Moved by Representative Wachs, seconded by Representative Horlacher that Assembly Bill 129 be recommended for passage as amended.

Ayes:     (9)     Representative J. Ott; Representatives Horlacher, Thiesfeldt, Heaton, T. Larson, Kerkman, Wachs, Hebl and Goyke.

Noes:     (0)     None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 9, Noes 0

______________________________

Virginia Mueller

Committee Clerk