Senate

Record of Committee Proceedings

Committee on Financial Institutions and Revenue

Senate Bill 158

Relating to: requiring the Department of Financial Institutions to study and report on establishing a section 529A ABLE savings account program.

By Senators Jacque and Ballweg; cosponsored by Representatives Mursau, Jagler, Loudenbeck, Moses, Murphy, Petryk, Rozar, Summerfield, Tauchen, Thiesfeldt, Tusler and Wichgers.

February 24, 2021       Referred to Committee on Financial Institutions and Revenue

May 25, 2021              Public Hearing Held

Present:       (5)        Senator Kooyenga; Senators Jagler, Stafsholt, Ringhand and Agard.

Absent:       (0)        None.

Excused:     (0)        None.

Appearances For

·      Senator Andre Jacque - 1st Senate District

·      Abigail Tessmann - Me

·      Ms Lisa Pugh - The arc wisconsin

·      Kathleen Oberneder - Crescendo Wealth management

·      Kristie Halverson - My son Zachary Halverson

·      Jphnny Simmons

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Me. Maureen Ryan - Wisconsin Coalition Of independent Living centers

·      Ms. Tamara Jackson - Wisconsin Board For People With developmental Disabilities

·      Bryan Geenen - CUNA Mutual Group

·      John Cronin - WI Bankers Association

·      Ms. Sandy Popp - Options For independent living

·      Sarah Wainscott - Wi credit union league

·      Chris Reader - WMC

·      Rep Jeff Mursau - 36th Assembly District

·      Cale Battles - State Bar Of Wis-Elder Law And Special Needs Section

Registrations Against

·      None.

Registrations for Information Only

·      None.

June 03, 2021              Executive Session Held by Paper Ballot

Present:       (5)        Senator Kooyenga; Senators Jagler, Stafsholt, Ringhand and Agard.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by  that Senate Bill 158 be recommended for passage.

Ayes:     (5)     Senator Kooyenga; Senators Jagler, Stafsholt, Ringhand and Agard.

Noes:     (0)     None.

PASSAGE RECOMMENDED, Ayes 5, Noes 0

______________________________

Nick Bentz

Committee Clerk