Senate
Record of Committee Proceedings
Committee on Agriculture, Revenue and Financial Institutions
Senate Bill 457
Relating to: P.O.D. accounts and loan obligations to financial institutions; the duty of a bank to make payment on a lost, destroyed, or stolen cashier's check, teller's check, or certified check; providing temporary authority to act as a mortgage loan originator while a license application is pending; property subject to garnishment or tax levy in possession of a financial institution; entities that provide to financial institutions electronic data processing services; loans to state banks by a Federal Home Loan Bank; and consolidating the Banking Review Board and Savings Institutions Review Board in the Department of Financial Institutions.
By Senators Marklein, Feyen, Olsen, Ringhand and Kapenga; cosponsored by Representatives Katsma, Duchow, Dittrich, Doyle, Felzkowski, Horlacher, Kitchens, Quinn, Skowronski, Tusler and Zimmerman.
September 27, 2019 Referred to Committee on Agriculture, Revenue and Financial Institutions
October 10, 2019 Public Hearing Held
Present: (8) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand and Larson.
Absent: (0) None.
Excused: (1) Senator Risser.
Appearances For
· Sen Howard Marklein - 17th Senate District
· Rep Terry Katsma
· Jon Turke - WI bankers assoc
· Attorney Lauren Capitini - WBA
· David Feldhaus - Federal Home Loan Bank of Chicagp
· Attorney James Sheriff - Wba
· Assistant Deputy Secretary Catherine Haberland - The Wisconsin Department of Financial Institutions
Appearances Against
· Cale Battles - State Bar RPPT section
· Jeff Goldman - State Bar RPPT Section
Appearances for Information Only
· None.
Registrations For
· Sarah Wainscott - WI Credit Union League
Registrations Against
· None.
Registrations for Information Only
· None.
October 24, 2019 Executive Session Held
Present: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Absent: (0) None.
Excused: (0) None.
Moved by Senator Petrowski, seconded by Senator Risser that Senate Amendment 2 be recommended for adoption.
Ayes: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Noes: (0) None.
SENATE AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 9, Noes 0
Moved by Senator Petrowski, seconded by Senator Bernier that Senate Bill 457 be recommended for passage as amended.
Ayes: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 9, Noes 0
______________________________
Vincent Williams
Committee Clerk
