Senate
Record of Committee Proceedings
Committee on Insurance, Licensing and Forestry
Senate Bill 644
Relating to: best interest in annuity transactions.
By Senators Stafsholt, Feyen and Ballweg; cosponsored by Representatives Petersen, Magnafici, Dittrich, Doyle, Allen and Petryk.
October 20, 2021 Referred to Committee on Insurance, Licensing and Forestry
January 12, 2022 Public Hearing Held
Present: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Senator Rob Stafsholt
· Lauren Van Buren - OCI
· Jeff Grothman - OCI
· Brian Pleva - Northwestern Mutual
· Connie O'Connell - WI Council of Life Insurers
· Bill McClenahan - NAIFA-WI
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Bill McClenahan - Thrivent
· Andrew Franken - Wisconsin Insurance Alliance
Registrations Against
· None.
Registrations for Information Only
· None.
January 18, 2022 Executive Session Held by Paper Ballot
Present: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Absent: (0) None.
Excused: (0) None.
Moved that Senate Bill 644 be recommended for passage.
Ayes: (5) Senator Felzkowski; Senators Stafsholt, Jagler, L. Taylor and Ringhand.
Noes: (0) None.
PASSAGE RECOMMENDED, Ayes 5, Noes 0
______________________________
Stamena Ivanov
Committee Clerk
