Senate

Record of Committee Proceedings

Committee on Insurance, Financial Services, Constitution and Federalism

Senate Bill 586

Relating to: guaranteed asset protection products sold in connection with vehicle credit sales, loans, and consumer leases.

By Senator Craig; cosponsored by Representatives Petersen, Kulp, Jarchow, Tittl, Kuglitsch, Fields, Katsma and Skowronski.

January 25, 2018         Referred to Committee on Insurance, Financial Services, Constitution and Federalism

January 30, 2018         Executive Session Held

Present:       (5)        Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Senator Feyen, seconded by Senator Stroebel that Senate Amendment 1 be recommended for adoption.

Ayes:     (5)     Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Noes:     (0)     None.

SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0

Moved by Senator Feyen, seconded by Senator Stroebel that Senate Bill 586 be recommended for passage as amended.

Ayes:     (4)     Senator Craig; Senators Stroebel, Feyen and Bewley.

Noes:     (1)     Senator Risser.

PASSAGE AS AMENDED RECOMMENDED, Ayes 4, Noes 1

______________________________

William Neville

Committee Clerk