Senate
Record of Committee Proceedings
Committee on Financial Institutions and Sporting Heritage
Senate Bill 773
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 Senators Stafsholt, Cabral-Guevara, Felzkowski, Marklein and Taylor; cosponsored by Representatives Katsma, Murphy, O'Connor, Allen, Behnke, Dittrich, Goeben, Gundrum, Novak, Penterman and Rettinger.
December 08, 2023 Referred to Committee on Financial Institutions and Sporting Heritage
December 19, 2023 Public Hearing Held
Present: (5) Senator Stafsholt; Senators Felzkowski, Tomczyk, Spreitzer and Agard.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Senator Rob Stafsholt - 10th SD
· Representative Terry Katsma - 26th AD
· Sarah Wainscott - WI Credit Union League
· Chris Moczynski - Prime Financial Credit Union
· Lorenzo Cruz - WI Bankers Association
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Laura Kocum - WI Land Title Association
· Cheri Hipenbecker - WI Land Title Association
· Anne Conlin - Capitol Bank
· Amygile Engr - Capitol Bank
· Rene Kaiser - Capitol Bank
· Cori Femrite - Capitol Bank
· Lisa Greco - AppleTree Credit Union
· Jeff Vohs - CBI Bank and Trust
· Colleen Woggon - Oakdale Credit Union
· Cheryll Olson-Collins - WI DFI
Registrations Against
· None.
Registrations for Information Only
· None.
January 05, 2024 Executive Session Held by Paper Ballot
Present: (5) Senator Stafsholt; Senators Felzkowski, Tomczyk, Spreitzer and Agard.
Absent: (0) None.
Excused: (0) None.
Moved by that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Stafsholt; Senators Felzkowski, Tomczyk, Spreitzer and Agard.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by that Senate Bill 773 be recommended for passage as amended.
Ayes: (5) Senator Stafsholt; Senators Felzkowski, Tomczyk, Spreitzer and Agard.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
Sharlene Konkel
Committee Clerk
