Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 350
Relating to: exemptions from securities registration requirements.
By Representatives Craig, Weininger, August, Bernier, Czaja, Genrich, Hutton, Jagler, Kapenga, Kleefisch, Knodl, Kooyenga, Kramer, Kuglitsch, Murphy, Nass, Sanfelippo, Schraa, Suder, Thiesfeldt and Neylon; cosponsored by Senators Vukmir, Gudex, Darling, Farrow, Grothman, Lasee, Tiffany and T. Cullen.
August 29, 02013 Referred to Committee on Financial Institutions
September 26, 2013 Public Hearing Held
Present: (13) Representative Craig; Representatives Kapenga, Sanfelippo, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young, Richards, Genrich and Sargent.
Absent: (0) None.
Excused: (2) Representatives Stroebel and Kramer.
Appearances For
· Jon Bruss
· David Dupee - CraftFund LLC
· Rep. David Craig - Wisconsin State Assembly
· Georgia Maxwell - Wisconsin Department of Financial Institutions
· Ed Morgan
· Jay Risch - Wisconsin Bankers Association
· Kirsten Spira - Wisconsin Bankers Association
· Sen. Leah Vukmir - Wisconsin State Senate
· Rep. Chad Weininger - Wisconsin State Assembly
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Jason Culotta - Wisconsin Manufacturers and Commerce
· Brian Dake - Wisconsin Independent Businesses
· Rebecca Hogan - Wisconsin Economic Development Association
· Carol Karls - Wisconsin Economic Development Association
· Jordan Lamb - BioForward
· Bill Smith - National Federation of Independent Business
Registrations Against
· None.
Registrations for Information Only
· None.
October 01, 2013 Executive Session Held
Present: (13) Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.
Absent: (0) None.
Excused: (2) Representatives Richards and Sargent.
Moved by Representative Kapenga, seconded by Representative Marklein that Assembly Amendment 1 to Assembly Substitute Amendment 1 be recommended for adoption.
Ayes: (12) Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.
Noes: (1) Representative Kaufert.
Absent: (2) Representatives Richards and Sargent.
ASSEMBLY AMENDMENT 1 TO ASSEMBLY SUBSTITUTE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 12, Noes 1
Moved by Representative Kapenga, seconded by Representative Born that Assembly Substitute Amendment 1 be recommended for adoption.
Ayes: (13) Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.
Noes: (0) None.
Absent: (2) Representatives Richards and Sargent.
ASSEMBLY SUBSTITUTE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 13, Noes 0
Moved by Representative Kapenga, seconded by Representative Hintz that Assembly Bill 350 be recommended for passage as amended.
Ayes: (13) Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.
Noes: (0) None.
Absent: (2) Representatives Richards and Sargent.
PASSAGE AS AMENDED RECOMMENDED, Ayes 13, Noes 0
______________________________
Nathan Schacht
Committee Clerk
