FOR IMMEDIATE RELEASE
Further Information Contact:
Representative David Craig
of Vernon) (608) 266-3363 February 11, 2014
Legislature Sends 2 Financial Services Bills Authored by
Craig to Governor
Madison, Wis. – Today the legislature sent
two financial services Right the Rules
bills to Governor Walker for his signature. In response to the overwhelming
support this important legislation received, the bills’ Assembly author, Rep.
David Craig (R-Town of Vernon) issued the following statement:
“When I first ran to represent the people of the 83rd
Assembly district, one of my top priorities was reforming our state’s
regulatory climate to make it work better for Wisconsin’s businesses and citizens.
These bills demonstrate that both parties can come together to enact common
sense legislation that ensures basic protections exist for consumers while also
allowing the free market to prosper.”
Assembly Bill 277
and Senate Bill 520 are two of the first pieces of legislation sent to the Governor
as part of the Assembly’s Right the Rules
Authored by Rep.
Craig, who chairs the Assembly Committee on Financial Institutions, and
co-authored by the committee’s ranking member, Rep. Gordon Hintz (D-Oshkosh), AB
277 passed the Assembly on October 8, 2013. AB 277 is a compilation of input
from Governor Walker’s Small Business Regulatory Review Board, the Wisconsin
Department of Financial Institutions, various stakeholders and members of the
Assembly Committee on Financial Institutions.
Authored by Sen.
Frank Lasee (R- De Pere) and Rep. Craig, SB 520 brings many credit union and
banking regulations into better parity with industry supported federal
regulations in order to prevent a double layer of bureaucracy. SB 520 was supported by the Wisconsin Office
of Credit Unions, Wisconsin Department of Financial Institutions, various
stakeholders and a bi-partisan majority of both the Senate and Assembly.
represents the 83rd Assembly District which is comprised of portions
of Waukesha, Walworth, Racine and Milwaukee Counties.