Assembly

Assembly
Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 458

Relating to: regulating the investments of trustees.

By Representatives Cullen and Green; cosponsored by Senators George and Huelsman.

July 15, 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 David Cullen

· Kathryn Norton, WI State Bar/ WI Trustees Association

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Michael Vaughan, WI Bankers Association

· Timothy Elverman, Bank One, Wisconsin

· Peter Christianson, WI Trustees Association

Registrations against

· None.

October 22, 1997 EXECUTIVE SESSION

Present: (13) Representatives Ward, Hoven, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum and Murat.

Absent: (2) Representatives Green and Plale.

Moved by Representative Morris-Tatum, seconded by Representative Murat, that Assembly Substitute Amendment 1 to Assembly Bill 458

be recommended for introduction and adoption.

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.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 15, Noes 0, Absent 0

Moved by Representative Morris-Tatum, seconded by Representative Murat, that Assembly Bill 458

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.

Absent: (0) None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0, Absent 0

Aaron Moede

Committee Clerk