Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 596
Relating to: P.O.D. accounts and loan obligations to financial institutions; payments for public deposit losses in failed financial institutions; automated teller machines; prohibiting requiring access boxes on buildings owned by financial institutions; promissory notes of certain public bodies; and repealing rules promulgated by the Department of Financial Institutions.
By Representatives Katsma, Armstrong, Dallman, Dittrich, Kurtz, Loudenbeck, Mursau, Penterman, Thiesfeldt, Wichgers, Wittke, Zimmerman and Doyle; cosponsored by Senators Marklein, Felzkowski, Feyen and Nass.
October 04, 2021 Referred to Committee on Financial Institutions
October 06, 2021 Public Hearing Held
Present: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, B. Meyers and Brostoff.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Representative Terry Katsma - 26th Assembly District
· John Cronin - Wisconsin Bankers Assocation
· Gary Kuter - Capitol Bank
· Tracey Pierce - Bank of Wisconsin Dells
Appearances Against
· Christopher Garrison - Wisconsin State Fire Chiefs
Appearances for Information Only
· None.
Registrations For
· Senator Howard Marklein - 17th Senate District
· Curt Witynski - League of Wisconsin Municipalities
· Kevin Ravenscroft - Peoples Community Bank
· Theresa Wiese - First Business Bank
· Corey Hoze - Associated Bank
Registrations Against
· Dave Litton - Wisconsin State Fire Chiefs Associations
· Jeff Goldman - State Bar of Wisconsin- Real Property, Probate and Trust
Registrations for Information Only
· Acting Administrator Kim Swissdorf - Department of Financial Institutions- Division of Banking
January 26, 2022 Executive Session Held
Present: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, Brostoff and Andraca.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Katsma, seconded by Representative Petryk that Assembly Amendment 1 be recommended for adoption.
Ayes: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, Brostoff and Andraca.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 9, Noes 0
Moved by Representative Doyle, seconded by Representative Katsma that Assembly Bill 596 be recommended for passage.
Ayes: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, Brostoff and Andraca.
Noes: (0) None.
PASSAGE RECOMMENDED, Ayes 9, Noes 0
______________________________
Dan Hubert
Committee Clerk
