Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 574
Relating to: regulating earned wage access services, granting rule-making authority, and providing a penalty.
By Representatives Dallman, Neylon, Allen, Dittrich, Gundrum, Murphy, Mursau, Nedweski, Novak, Rettinger, Steffen and Tusler; cosponsored by Senators Stafsholt, Tomczyk and Cowles.
October 27, 2023 Referred to Committee on Financial Institutions
November 01, 2023 Public Hearing Held
Present: (8) Representative Duchow; Representatives O'Connor, Allen, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.
Absent: (0) None.
Excused: (2) Representatives Katsma and Doyle.
Appearances For
· Representative Alex Dallman - 41st Assembly District
· Ben LaRocco - EarnIn
· Ryan Naples - DailyPay
· Phil Goldfeder - American Fintech Council
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Brian Dake - Wisconsin Independent Businesses
· Senator Rob Stafsholt - 10th Senate District
· Representative Adam Neylon - 98th Assembly District
Registrations Against
· None.
Registrations for Information Only
· None.
November 09, 2023 Executive Session Held
Present: (0) None.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Rettinger, seconded by Representative Murphy that Assembly Bill 574 be recommended for passage.
Ayes: (7) Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk and Rettinger.
Noes: (3) Representatives Doyle, J. Anderson and Jacobson.
PASSAGE RECOMMENDED, Ayes 7, Noes 3
______________________________
Dan Hubert
Committee Clerk
