Senate
Record of Committee Proceedings
Committee on Financial Institutions and Revenue
Senate Bill 20
Relating to: financial exploitation of vulnerable adults with securities accounts, violations of the Wisconsin Uniform Securities Law, granting rule-making authority, and providing a penalty.
By Senators Testin, Carpenter, Ballweg, Felzkowski, Feyen, Jacque, Marklein and L. Taylor; cosponsored by Representatives Macco, Wittke, Armstrong, Callahan, Dittrich, Edming, Horlacher, Katsma, Kerkman, Knodl, Kuglitsch, Magnafici, Milroy, Murphy, Petryk, Ramthun, Skowronski, Snyder, Steffen, Summerfield, Tranel, Zimmerman and James.
January 28, 2021 Referred to Committee on Financial Institutions and Revenue
April 12, 2021 Public Hearing Held
Present: (5) Senator Kooyenga; Senators Feyen, Stafsholt, Ringhand and Agard.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Sen Patrick Testin - SD 24
· Peter Navis
· April Devalkenaere
· John Cronin - Wisconsin Bankers Association
Appearances Against
· Carol Wessels - Elder Law and Special Needs Section-State Bar of Wisconsin
Appearances for Information Only
· None.
Registrations For
· SVP-Advocacy Sarah Wainscott - WI Credit Union League
· Bill McClenahan - NAIFA-WI
Registrations Against
· None.
Registrations for Information Only
· None.
April 13, 2021 Executive Session Held by Paper Ballot
Present: (5) Senator Kooyenga; Senators Feyen, Stafsholt, Ringhand and Agard.
Absent: (0) None.
Excused: (0) None.
March 10, 2022 Failed to pass pursuant to Senate Joint Resolution 1
______________________________
Sandy Lonergan
Committee Clerk
