Bills · 2021-2022 Regular Session
Relating to: eliminating obsolete references relating to credit unions, the commissioner of banking, certain federal agencies, and a mortgage rate index (suggested as remedial legislation by the Department of Financial Institutions).
Financial institutions department of Statutes — Revision Street
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill eliminates the following obsolete statutory references:
1. References to the commissioner of banking. In
1995 Wisconsin Act 27
, the
Office of the Commissioner of Banking was eliminated and replaced by a new
Division of Banking in the newly created Department of Financial Institutions.
2. References to the Wisconsin Credit Union Savings Insurance Corporation.
The Wisconsin Credit Union Savings Insurance Corporation was eliminated in
2005
Wisconsin Act 134
.
3. References to federal agencies formerly involved in matters relating to
financial institution insolvency and to a mortgage rate index formerly computed by
one such agency.
4. References to the National Credit Union Administration in the context of
certain federal regulations, such that a credit union must comply with federal
regulations relating to privacy and the disclosure of personal information regardless
of which authorized agency prescribed them.
For further information, see the
Notes
provided by the Law Revision
Committee of the Joint Legislative Council.
Sponsors
Introduced by: Law Revision Committee
Full history
- Feb 17, 2022 · Senate
Introduced by Law Revision Committee
- Feb 17, 2022 · Senate
Read first time and referred to Committee on Senate Organization
- Feb 17, 2022 · Senate
Available for scheduling
- Mar 15, 2022 · Senate
Failed to pass pursuant to Senate Joint Resolution 1