Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 715
Relating to: authorized activities and operations of credit unions; the lending area of savings and loan associations; automated teller machines; residential mortgage loans and variable rate loans; payments for public deposit losses in failed financial institutions; promissory notes of certain public bodies; repealing rules promulgated by the Department of Financial Institutions; providing an exemption from rule-making procedures; and providing a penalty.
By Representatives Katsma, Murphy, O'Connor, Allen, Behnke, Dittrich, Goeben, Gundrum, Novak, Penterman and Rettinger; cosponsored by Senators Stafsholt, Cabral-Guevara, Felzkowski, Marklein and Taylor.
November 27, 2023 Referred to Committee on Financial Institutions
December 05, 2023 Public Hearing Held
Present: (9) Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.
Absent: (0) None.
Excused: (1) Representative Doyle.
Appearances For
· Representative Terry Katsma - 26th Assembly District
· Sarah Wainscott - Wisconsin Credit Union League
· Chris Moczynski - Prime Financial Credit Union
· Lorenzo Cruz - Wisconsin Bankers Association
· Gary Kuter - Wisconsin Bankers Association
· Jeffrey Vohs - Wisconsin Bankers Association
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Senator Rob Stafsholt - 10th Senate District
· Assistant Deputy Secretary Catherine Haberland - Wisconsin Department of Financial Institutions
· Rene Kaiser - Capitol Bank
· Anne Conlin - Capitol Bank
· Amy Gile-Enge - Capitol Bank
· Ken Thompson - Capitol Bank
· Scott Stewart - Heartland Credit Union
· Staci Schoenrock - Fort Community Credit Union
· Jeff Scheuerell - Fort Community Credit Union
· Jennifer Rathke - WESTconsin Credit Union
· Marie Gremore - WESTconsin Credit Union
· Maddie Weber - WESTconsin Credit Union
Registrations Against
· None.
Registrations for Information Only
· None.
January 10, 2024 Executive Session Held
Present: (9) Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.
Absent: (0) None.
Excused: (1) Representative Doyle.
Moved by Representative Murphy, seconded by Representative Katsma that Assembly Amendment 1 be recommended for adoption.
Ayes: (8) Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Rettinger, J. Anderson and Jacobson.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 8, Noes 0
Moved by Representative Katsma, seconded by Representative Murphy that Assembly Bill 715 be recommended for passage as amended.
Ayes: (9) Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 9, Noes 0
______________________________
Dan Hubert
Committee Clerk
