AB299

AB299 AB299
Assembly
Record of Committee Proceedings

Committee on Financial Institutions
Assembly Bill 299
Relating to: credit union membership, powers, and operation; the application of agriculture, trade, and consumer protection statutes to credit unions; the creation of a new type of financial institution; the powers of and requirements applicable to the new type of financial institution; providing an exemption from emergency rule procedures; granting rule-making authority; and providing a penalty.
By Representatives Jeskewitz, Plale, Ward, Riley, Kreibich, Vrakas, Jensen, M. Lehman, Starzyk, Montgomery, Lippert, Rhoades, Friske, Kedzie, Ziegelbauer, Kestell, Krawczyk, Leibham, Gunderson, Duff, Ladwig, Musser, Ainsworth, Schooff, Plouff, Balow, Walker, Grothman, Nass, Sinicki, Owens, Huebsch, Johnsrud, Hoven, F. Lasee, Stone, Huber, Olsen, Townsend, Powers, Albers, D. Meyer, Sykora, Hundertmark, Ott, Kaufert, Staskunas, Wade, Bies, Boyle, Carpenter, Coggs, J. Fitzgerald, Freese, Gard, Hahn, Gronemus, Berceau, Gundrum, Hebl, Cullen, Krug, La Fave, Lassa, J. Lehman, Loeffelholz, McCormick, Meyerhofer, Petrowski, Pettis, Pocan, Reynolds, Ryba, Schneider, Seratti, Sherman, Shilling, Skindrud, Suder, Travis, Turner, Underheim, Wasserman, Wieckert, Young and Colon; cosponsored by Senators Shibilski, Rosenzweig, Burke, Panzer, Moore, Welch, Baumgart, Farrow, Plache, Cowles, Grobschmidt, Darling, Breske, Huelsman, M. Meyer, Zien, Schultz, Roessler, S. Fitzgerald, Harsdorf, Ellis, A. Lasee, Lazich, Risser, George, Moen, Wirch and Hansen.

April 6, 2001 Referred to Committee on Financial Institutions.

April 12, 2001 PUBLIC HEARING HELD

Present: (14) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, Plale, Plouff, Balow, Richards and Kreuser.

Absent: (2) Representatives La Fave and Shilling.

Appearances for
· Representative Suzanne Jeskewitz
· Representative Jeff Plale
· Kurt Bauer and Jodi Bloch, Wisconsin Bankers Association
· Georgia Maxwell, Wisconsin Credit Union League

· Randy Beck, Royal Credit Union

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for
· Senator Fred Risser
· Representative Mike Powers
· Representative Bob Turner
· Representative David Ward
· Senator Rick Grobschimdt
· Daryll Lund, Community Bankers of Wisconsin
· Robin Marohn
· Rick Sense, WI Credit Union League
· Rod Nilsestuen, WI Federation of Cooperatives
· Ruthann Nelson, WI Federation of Cooperatives
· Julie Koppitsch, WI Credit Union League
· Chris Olson, WI Credit Union League
· Tim Elverman, Bank One Wisconsin
· Bridget Joyce, WI Credit Union League

· David Klavitter, WI Credit Union League

Registrations against

· None.

April 12, 2001 EXECUTIVE SESSION

Present: (14) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, Plale, Plouff, Balow, Richards and Kreuser.

Absent: (2) Representatives La Fave and Shilling.

Moved by Representative Starzyk, seconded by Representative Plale, that Assembly Bill 299

be recommended for passage.

Ayes: (14) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, Plale, Plouff, Balow, Richards and Kreuser.
Noes: (0) None.
Absent: (2) Representatives La Fave and Shilling (Reps. La Fave and Shilling asked that the record show that they would have voted aye had they been present).

PASSAGE RECOMMENDED, Ayes 14, Noes 0, Absent 2

Erin Bilot
Committee Clerk