Assembly

Assembly
Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 797

Relating to: investment and lending powers of savings institutions, the location of savings institution offices and the power of boards of directors of savings and loan associations to provide for pension and deferred compensation plans.

By Representatives Ward, Klusman, Williams, Turner, Gronemus, Staskunas, Brandemuehl, Meyer, Kunicki, Travis, Krusick, Porter, Hasenohrl, Carpenter, Vander Loop, Ryba, La Fave and Hoven; cosponsored by Senators C. Potter and Grobschmidt.

February 19, 1998 Referred to committee on Financial Institutions.

February 25, 1998 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 Ward

· Thomas M Boykoff, Department of Financial Institutions

· Tom Hauke, Wisconsin League of Financial Institutions

· Secretary Richard Dean, Dept. of Financial Institutions

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Daryll Lund, Community Bankers of Wisconsin

· Kurt Bauer, Wisconsin Bankers Association

· Dave Anderson, Dept. of Financial Institutions

Registrations against

· None.

March 11, 1998 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 , that Assembly Amendment 1

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 R. Potter, that Assembly Bill 797

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

AKoerner

Committee Clerk