Wanggaard Bills go to Governor
It has been a whirlwind week here at the Capitol, and I am proud to say that three bills I authored to lower interest rates and protect the public have cleared their final legislative hurdle and are now on their way to the Governor to be signed into law.
The first bill, Assembly Bill 24
, allows state-chartered banks to offer promotional loan rates below the contracted index for variable rate loans. Co-authored by Rep. Terry Katsma (R-Oostburg), AB 24 benefits consumers by allowing lower rates on adjustable rate mortgages and other similar loans. The bill also helps state and community banks by levelling the playing field with larger, federally-chartered banks. Senate Bill 35
, which I authored with Representative Romain Quinn (R-Rice Lake), eliminates Wisconsin’s outdated 48-hour waiting period for handgun purchases. When the waiting period became law 40 years ago, a background check consisted of hand-searching 3x5 index cards in one community. Today a background check is done at the click of a button and searches dozens of databases nationwide making the 48-hour waiting period a needless obstacle for legal gun owners in today’s modern age. Senate Bill 70
, allows qualified retired and off-duty law enforcement officers to carry concealed weapons in school zones. I authored this bill with Rep. Joel Kleefisch (R-Oconomowoc), to correct an oversight in Wisconsin’s concealed carry law and provide an additional level of safety in our schools. Off-duty and retired police officers are certified every year and committed to public safety, and this measure removes an unnecessary hurdle for law enforcement officers who could help protect students in a crisis.
All three bills passed on bipartisan voice votes Tuesday, and now await Governor Walker’s approval.