AB393

AB393 AB393
Assembly
Record of Committee Proceedings

Committee on Financial Institutions
Assembly Bill 393
Relating to: regulating rental-purchase companies, providing an exemption from emergency rule procedures, granting rule-making authority, and providing a penalty.
By Representatives Urban, Huebsch, Olsen, Vrakas, Starzyk, Kreibich, Montgomery, Plouff, Plale, J. Fitzgerald, Hahn, Musser, Wade, M. Lehman, Gunderson, Turner, Petrowski, Lassa, Ott and Stone; cosponsored by Senators M. Meyer, S. Fitzgerald and Rosenzweig.

May 14, 2001 Referred to Committee on Financial Institutions.

June 6, 2001 PUBLIC HEARING HELD

Present: (15) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow, Richards, Shilling and Krug.

Absent: (1) Representative Rhoades.

Appearances for
· Representative Frank H. Urban
· Christopher Green, Department of Financial Institutions
· Jeffery L. Lebakken, Wisconsin Rental Dealers Association

· Brad Denison, Rent-A-Center & WI Rental Dealers Assn.

Appearances against
· Dave Gilles, Department of Justice
· Jo Anna Richard, Department of Justice

· James A. Walrath, Consumer Advocate

Appearances for Information Only

· None.

Registrations for
· Senator Mark Meyer
· Jim Leonhart, Wisconsin Rental Dealers Association

· George Petak, Wisconsin Rental Dealers Association

Registrations against
· Mary Fons, Public Interest Law Section of the State Bar of Wisconsin

· Kerry Schumann, Wisconsin Public Interest Research Group (WISPIRG)

February 14, 2002 EXECUTIVE SESSION

Present: (16) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, La Fave, Plale, Plouff, Balow, Richards, Shilling and Krug.

Absent: (0) None.

Moved by Representative Kedzie, seconded by Representative Plale, that Assembly Amendment 1

be recommended for adoption.

Ayes: (16) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, La Fave, Plale, Plouff, Balow, Richards, Shilling and Krug.
Noes: (0) None.

Absent: (0) None.

ADOPTION RECOMMENDED, Ayes 16, Noes 0, Absent 0

Moved by Representative Plale, seconded by Representative Kedzie, that Assembly Bill 393

be recommended for passage as amended.

Ayes: (14) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Rhoades, Starzyk, Walker, Plale, Plouff, Balow, Shilling and Krug.
Noes: (2) Representatives La Fave and Richards.

Absent: (0) None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 14, Noes 2, Absent 0

Erin Bilot
Committee Clerk