Senate

Record of Committee Proceedings

Committee on Financial Institutions and Revenue

Senate 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 Senators Marklein, Felzkowski, Feyen and Nass; cosponsored by Representatives Katsma, Armstrong, Dallman, Dittrich, Kurtz, Loudenbeck, Penterman, Thiesfeldt, Wichgers, Wittke, Zimmerman, Doyle, Mursau and Knodl.

October 08, 2021        Referred to Committee on Financial Institutions and Revenue

January 11, 2022         Public Hearing Held

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

Absent:       (0)        None.

Excused:     (0)        None.

Appearances For

·      Sen. Howard Marklein - 17th Senate District

·      Gary Kuter - WBa

·      Theresa Wiese - WBA

·      John Cronin - WBA

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Representative Terry Katsma - 26th Assembly District

·      Government Affairs Specialist Toni Herkert - League of WI Municipalities

Registrations Against

·      None.

Registrations for Information Only

·      None.

January 13, 2022         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 Amendment 1 be recommended for adoption.

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

Noes:     (0)     None.

SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0

Moved by  that Senate Bill 596 be recommended for passage as amended.

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

Noes:     (0)     None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0

______________________________

Nicholas Bures

Committee Clerk