Assembly
Record of Committee Proceedings
Committee on Criminal Justice and Public Safety
Assembly Bill 45
Relating to: financial exploitation of vulnerable adults with securities accounts, violations of the Wisconsin Uniform Securities Law, granting rule-making authority, and providing a penalty.
By Representatives Macco, Wittke, Armstrong, Cabral-Guevara, Callahan, Dittrich, Edming, Horlacher, Katsma, Kerkman, Knodl, Kuglitsch, Magnafici, Milroy, Murphy, Petryk, Ramthun, Skowronski, Snyder, Steffen, Summerfield, Tranel and Zimmerman; cosponsored by Senators Testin, Carpenter, Ballweg, Felzkowski, Feyen, Jacque, Marklein and L. Taylor.
February 10, 2021 Referred to Committee on Criminal Justice and Public Safety
February 24, 2021 Public Hearing Held
Present: (15) Representative Spiros; Representatives Horlacher, Sortwell, Duchow, Novak, Schraa, Krug, James, Steffen, Callahan, McGuire, Bowen, Emerson, Stubbs and Drake.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Sen. Patrick Testin - Senate District 24
· Gary Kuter
· April DeValkenabre - Waukesha District Attorney's Office & IAFCI
Appearances Against
· Bruce Tammi - Elder Law & Special Needs Section of State Bar of WI
Appearances for Information Only
· None.
Registrations For
· Rep. John Macco - 88th Assembly District
· Sarah Wainscott - WI Credit Union League
· Rep. Robert Wittke - 62nd Assembly District
Registrations Against
· Jim Rogers - WI Association for Justice
Registrations for Information Only
· None.
March 10, 2021 Executive Session Held
Present: (14) Representative Spiros; Representatives Sortwell, Duchow, Novak, Schraa, Krug, James, Steffen, Callahan, McGuire, Bowen, Emerson, Stubbs and Drake.
Absent: (0) None.
Excused: (1) Representative Horlacher.
Moved by Representative Spiros, seconded by Representative Steffen that Assembly Amendment 1 be recommended for introduction and adoption.
Ayes: (8) Representative Spiros; Representatives Duchow, Novak, Schraa, Krug, James, Steffen and Callahan.
Noes: (6) Representatives Sortwell, McGuire, Bowen, Emerson, Stubbs and Drake.
ASSEMBLY AMENDMENT 1 INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 8, Noes 6
Moved by Representative Steffen, seconded by Representative Novak that Assembly Bill 45 be recommended for passage as amended.
Ayes: (13) Representative Spiros; Representatives Duchow, Novak, Schraa, Krug, James, Steffen, Callahan, McGuire, Bowen, Emerson, Stubbs and Drake.
Noes: (1) Representative Sortwell.
PASSAGE AS AMENDED RECOMMENDED, Ayes 13, Noes 1
______________________________
Ericka Braatz
Committee Clerk
