Senate
Record of Committee Proceedings
Committee on Shared Revenue, Elections and Consumer Protection
Senate Bill 668
Relating to: the licensing and regulation by the Department of Financial Institutions of consumer lenders, payday lenders, money transmitters, sales finance companies, collection agencies, mortgage bankers and mortgage brokers, adjustment service companies, community currency exchanges, and insurance premium finance companies; the Nationwide Multistate Licensing System and Registry; modifying and repealing rules promulgated by the Department of Financial Institutions; and granting rule-making authority.
By Senators Knodl and Wanggaard; cosponsored by Representatives O'Connor, Murphy and Macco.
November 09, 2023 Referred to Committee on Shared Revenue, Elections and Consumer Protection
December 19, 2023 Public Hearing Held
Present: (5) Senator Knodl; Senators Feyen, Quinn, Spreitzer and Smith.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Catherine Haberland - Department of Financial Institutions
· Dan Knodl - 8th Senate District
· Jerry OConnor - SB 667 & 668
Appearances Against
· None.
Appearances for Information Only
· Peter Welch - Independent Payroll Providers Association
Registrations For
· None.
Registrations Against
· None.
Registrations for Information Only
· None.
January 11, 2024 Executive Session Held by Paper Ballot
Present: (5) Senator Knodl; Senators Feyen, Quinn, Spreitzer and Smith.
Absent: (0) None.
Excused: (0) None.
Moved by that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Knodl; Senators Feyen, Quinn, Spreitzer and Smith.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by that Senate Amendment 2 be recommended for adoption.
Ayes: (5) Senator Knodl; Senators Feyen, Quinn, Spreitzer and Smith.
Noes: (0) None.
SENATE AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by that Senate Amendment 3 be recommended for adoption.
Ayes: (3) Senator Knodl; Senators Feyen and Quinn.
Noes: (2) Senators Spreitzer and Smith.
SENATE AMENDMENT 3 ADOPTION RECOMMENDED, Ayes 3, Noes 2
Moved by that Senate Bill 668 be recommended for passage as amended.
Ayes: (5) Senator Knodl; Senators Feyen, Quinn, Spreitzer and Smith.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
William Neville
Committee Clerk
