Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 504
Relating to: P.O.D. accounts and loan obligations to financial institutions; the duty of a bank to make payment on a lost, destroyed, or stolen cashier's check, teller's check, or certified check; providing temporary authority to act as a mortgage loan originator while a license application is pending; property subject to garnishment or tax levy in possession of a financial institution; entities that provide to financial institutions electronic data processing services; loans to state banks by a Federal Home Loan Bank; and consolidating the Banking Review Board and Savings Institutions Review Board in the Department of Financial Institutions.
By Representatives Katsma, Duchow, Dittrich, Doyle, Felzkowski, Horlacher, Kitchens, Quinn, Skowronski, Tusler, Zimmerman and Born; cosponsored by Senators Marklein, Feyen, Olsen, Ringhand and Kapenga.
October 07, 2019 Referred to Committee on Financial Institutions
October 30, 2019 Public Hearing Held
Present: (11) Representative Duchow; Representatives Dittrich, Allen, Petryk, Katsma, Murphy, Petersen, Doyle, B. Meyers, Hesselbein and Vining.
Absent: (0) None.
Excused: (4) Representatives Stafsholt, Sanfelippo, Kitchens and Fields.
Appearances For
· Representative Terry Katsma - 26th Assembly District
· Senator Howard Marklein - 17th Senate District
· David Feldhaus - Federal Home Loan Bank
· Lauren Capitini - Wisconsin Bankers Association
· Jon Turke - Wisconsin Bankers Association
· Gary Kuter - Wisconsin Bankers Association
· Catherine Haberland - DFI
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Sarah Wainscott - WI Credit Union League
· Cale Battles - State Bar of WI
Registrations Against
· None.
Registrations for Information Only
· None.
November 05, 2019 Executive Session Held
Present: (15) Representative Duchow; Representatives Stafsholt, Dittrich, Allen, Sanfelippo, Petryk, Katsma, Murphy, Petersen, Kitchens, Doyle, B. Meyers, Hesselbein, Fields and Vining.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Dittrich, seconded by Representative Petryk that Assembly Amendment 1 be recommended for adoption.
Ayes: (15) Representative Duchow; Representatives Stafsholt, Dittrich, Allen, Sanfelippo, Petryk, Katsma, Murphy, Petersen, Kitchens, Doyle, B. Meyers, Hesselbein, Fields and Vining.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Petersen, seconded by Representative Petryk that Assembly Bill 504 be recommended for passage as amended.
Ayes: (15) Representative Duchow; Representatives Stafsholt, Dittrich, Allen, Sanfelippo, Petryk, Katsma, Murphy, Petersen, Kitchens, Doyle, B. Meyers, Hesselbein, Fields and Vining.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0
______________________________
Alicia Dorsett
Committee Clerk
