Governor Vetoes Raw Milk, Expands Payday Loan Law
The Governor recently concluded action on the dozens of bills passed by the Legislature last month. The vast majority of bills were signed into law; however, the Governor chose to veto in entirety Senate Bill 434 (SB 434), which would have created a limited trial period to sell raw or unpasteurized milk in Wisconsin. SB 434's authors have indicated that they plan to re-introduce the legislation next session. The Governor also partially vetoed legislation that regulates the payday loan industry. The new law will limit payday loans to $1,500 or 35% of monthly income, whichever is less, and only allows borrowers to renew their loans once. The Governor's partial veto will in effect prohibit vehicle title loans in Wisconsin. The expanded payday lending legislation has become law as 2009 Wisconsin Act 405.