Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 59

Relating to: creation of a category of business corporation identified as a benefit corporation.

By Representatives Kooyenga, Hesselbein, Macco, Johnson, Goyke, Knudson, Sanfelippo, Subeck, Kleefisch, C. Taylor, Kulp, Doyle, Kahl, Quinn, Knodl, Ripp, Genrich, Barca, Berceau, Kremer, Zamarripa, Spreitzer, Hintz and Hebl; cosponsored by Senators Darling, Wirch, Lassa, Ringhand and Olsen.

February 23, 2015       Referred to Committee on Financial Institutions

January 27, 2016         Public Hearing Held

Present:       (16)      Representative Craig; Representatives Katsma, Jarchow, Sanfelippo, Born, Ballweg, Weatherston, Murphy, Petersen, Kitchens, Doyle, Zepnick, Genrich, Sargent, Johnson and Brostoff.

Absent:       (0)        None.

Excused:     (0)        None.

Appearances For

·      Representative Dale Kooyenga - 14th State Assembly District

·      Representative Dianne Hesselbein - 79th State Assembly District

·      Alder Maurice Cheeks - Madison City Council

Appearances Against

·      None.

Appearances for Information Only

·      Assistant Deputy Secretary Alex  Ignatowski - Department of Financial Institutions

Registrations For

·      None.

Registrations Against

·      Sr. Director, Government Relations Jason Culotta - Wisconsin Manufacturers & Commerce

Registrations for Information Only

·      None.

April 07, 2016             Failed to pass pursuant to Senate Joint Resolution 1


Sam Hope

Committee Clerk