Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 692

Relating to: securities registration exemptions related to crowdfunding.

By Representatives Jarchow, Sanfelippo, Kooyenga, Hutton, Tusler and Goyke; cosponsored by Senators Craig, Vukmir and Stroebel.

November 29, 2017    Referred to Committee on Financial Institutions

January 31, 2018         Public Hearing Held

Present:       (15)      Representative Katsma; Representatives Jarchow, Allen, Sanfelippo, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Absent:       (0)        None.

Excused:     (1)        Representative Stafsholt.

Appearances For

·      Rep. Adam Jarchow - 28th Assembly District

·      Sen. David Craig - 28th Senate District

·      Terrence Wall - T. Wall Enterprises

·      Matt Brink - Smart Growth

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      None.

Registrations Against

·      None.

Registrations for Information Only

·      None.

February 14, 2018       Executive Session Held

Present:       (14)      Representative Katsma; Representatives Allen, Sanfelippo, Stafsholt, Petryk, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Absent:       (0)        None.

Excused:     (2)        Representatives Jarchow and Weatherston.

Moved by Representative Doyle, seconded by Representative Petersen that Assembly Bill 692 be recommended for passage.

Ayes:     (14)   Representative Katsma; Representatives Allen, Sanfelippo, Stafsholt, Petryk, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Noes:     (0)     None.

PASSAGE RECOMMENDED, Ayes 14, Noes 0

______________________________

Nick Krueger

Committee Clerk