Senate

Record of Committee Proceedings

Committee on Financial Institutions and Sporting Heritage

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.

November 21, 2023    Referred to Committee on Financial Institutions and Sporting Heritage

December 06, 2023     Public Hearing Held

Present:       (4)        Senator Stafsholt; Senators Felzkowski, Tomczyk and Agard.

Absent:       (0)        None.

Excused:     (1)        Senator Spreitzer.

Appearances For

·      Senator Rob Stafsholt - 10th SD

·      Ben LaRocco - EarnIn

·      Ryan Naples - Daily Pay

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Brian Dake - WI Independent Businesses

·      Representative Alex Dallman - 41st AD

Registrations Against

·      None.

Registrations for Information Only

·      None.

February 16, 2024       Executive Session Held

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 Assembly Bill 574 be recommended for concurrence as amended.

Ayes:     (5)     Senator Stafsholt; Senators Felzkowski, Tomczyk, Spreitzer and Agard.

Noes:     (0)     None.

CONCURRENCE AS AMENDED RECOMMENDED, Ayes 5, Noes 0

______________________________

Sharlene Konkel

Committee Clerk