Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 354
Relating to: creation of a category of business corporation identified as a benefit corporation.
By Representatives Skowronski, Hesselbein, Kulp, C. Taylor, Sanfelippo, Kooyenga, Spreitzer, Genrich, Ohnstad, Crowley, Subeck, Quinn and Goyke; cosponsored by Senators Testin, Johnson, Darling, Ringhand, Wirch and Harsdorf.
May 31, 2017 Referred to Committee on Financial Institutions
September 27, 2017 Public Hearing Held
Present: (14) Representative Katsma; Representatives Jarchow, Allen, Stafsholt, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Zepnick, Bowen and Meyers.
Absent: (0) None.
Excused: (2) Representatives Sanfelippo and Fields.
Appearances For
· Representative Ken Skowronski - 82nd Assembly District
· Representative Dianne Hesselbein - 79th Assembly District
· Representative Dale Kooyenga - 14th Assembly District
· Deanna Singh - Dohmen Constellations
· Nick Herdrich - Foley and Lardner
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Senator Patrick Testin - 24th Senate District
· Senator LaTonya Johnson - 6th Senate District
· Steve Baas - Metropolitan Milwaukee Association of Commerce
· Monica Groves - American Family Insurance Group
· Michael Berzowski
· Kelda Roys
Registrations Against
· None.
Registrations for Information Only
· None.
November 01, 2017 Executive Session Held
Present: (14) Representative Katsma; Representatives Allen, Stafsholt, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Zepnick, Bowen, Meyers and Fields.
Absent: (0) None.
Excused: (2) Representatives Jarchow and Sanfelippo.
Moved by Representative Young, seconded by Representative Bowen that Assembly Amendment 1 be recommended for adoption.
Ayes: (14) Representative Katsma; Representatives Allen, Stafsholt, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Zepnick, Bowen, Meyers and Fields.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Representative Bowen, seconded by Representative Young that Assembly Amendment 2 be recommended for adoption.
Ayes: (14) Representative Katsma; Representatives Allen, Stafsholt, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Zepnick, Bowen, Meyers and Fields.
Noes: (0) None.
ASSEMBLY AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Representative Young, seconded by Representative Petersen that Assembly Bill 354 be recommended for passage as amended.
Ayes: (11) Representative Katsma; Representatives Allen, Petryk, Petersen, Kitchens, Doyle, Young, Zepnick, Bowen, Meyers and Fields.
Noes: (3) Representatives Stafsholt, Weatherston and Murphy.
PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 3
______________________________
Nick Krueger
Committee Clerk
