Assembly

Assembly
Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 433

Relating to: disclosures for motor vehicle consumer leases.

By Representatives Freese, Ward, Kunicki, Hoven, Otte, Johnsrud, Albers, Ott, M. Lehman and Goetsch; cosponsored by Senators Breske, Rude, George, Huelsman, Shibilski and Cowles.

June 24, 1997 Referred to committee on Financial Institutions.

October 8, 1997 PUBLIC HEARING HELD

Present: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum and Murat.

Absent: (1) Representative Plale.

Appearances for

· Representative Steve Freese

· Andrew Koblenz, American Automobile Manufacturing Assoc

· Paul Norman, WI Auto & Truck Dealers Assoc, Inc.

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· James Tenuta, WI Credit Union League

· Ruthann Nelson, WI Federation of Cooperatives

· Michael Vaughan, WI Bankers Association

· Timothy Elverman, Bank One, Wisconsin

Registrations against

· None.

October 8, 1997 EXECUTIVE SESSION

Present: (15) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Absent: (0) None.

Moved by Representative Ward, seconded by Representative R. Potter, that Assembly Amendment 1 to Assembly Bill 433

be recommended for introduction.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Green, seconded by Representative Kedzie, that Assembly Amendment 1 to Assembly Bill 433

be recommended for adoption.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

ADOPTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Ward, seconded by Representative R. Potter, that Assembly Amendment 2 to Assembly Bill 433

be recommended for introduction.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Green, seconded by Representative Kedzie, that Assembly Amendment 2 to Assembly Bill 433

be recommended for adoption.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

ADOPTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Ward, seconded by Representative R. Potter, that Assembly Amendment 3 to Assembly Bill 433

be recommended for introduction.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Green, seconded by Representative Kedzie, that Assembly Amendment 3 to Assembly Bill 433

be recommended for adoption.

Ayes: (15) Representative Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (0) None.

ADOPTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Green, seconded by Representative Kedzie, that Assembly Bill 433

be recommended for passage as amended.

Ayes: (15) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.