82nd Legislative Session _ 2007

Committee: House Commerce
Friday, February 23, 2007

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Ahlers
P    Boomgarden
P    Dreyer
P    Engels
P    Hunt
P    Juhnke
P    Noem
P    Novstrup (David)
P    Nygaard
P    Pederson (Gordon)
P    Street
P    Willadsen, Vice-Chair
P    Rounds, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Representative Rounds, Chair

MOTION:     TO APPROVE THE MINUTES OF WEDNESDAY, FEBRUARY 21, 2007

Moved by:    Hunt
Second by:    Pederson (Gordon)
Action:    Prevailed by voice vote.

The Chair deferred SB 147 until Monday, February 26, 2007.

MOTION:     REMOVE SB 10 FROM THE TABLE

Moved by:    Willadsen
Second by:    Novstrup (David)

Action:    Prevailed by roll call vote.(12-0-1-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David), Pederson (Gordon), Street, Willadsen, Rounds

Excused:    Nygaard

          SB 46: clarify the tax exempt and licensure status of fraternal benefit societies.

Presented by:    Randy Moses, Division of Insurance

MOTION:     DO PASS SB 46

Moved by:    Engels
Second by:    Willadsen
Action:    Prevailed by roll call vote.(12-0-1-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David), Pederson (Gordon), Street, Willadsen, Rounds

Excused:    Nygaard

MOTION:     PLACE SB 46 ON CONSENT CALENDAR

Moved by:    Pederson (Gordon)
Second by:    Boomgarden
Action:    Prevailed by voice vote.

         SB 108: provide for the continuation of certain health insurance coverage for dependents.

Presented by:    Kevin Forsch, Governor's Office (Document 1)
Proponents:    Randy Moses, Division of Insurance
        David Hewett, SD Assn. Of Healthcare Organizations

MOTION:     DO PASS SB 108

Moved by:    Willadsen
Second by:    Engels
Action:    Prevailed by roll call vote.(13-0-0-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David),

Nygaard, Pederson (Gordon), Street, Willadsen, Rounds

         SB 165: repeal and reestablish provisions to regulate mortgage lenders and brokers.

Presented by:    Representative Shantel Krebs
Proponents:    Craig Marquardt, SD Assn. Of Mortgage Brokers
        Drew Duncan, SD Assn. Of Mortgage Brokers
        Curt Everson, SD Bankers Association
        Roger Novotny, Division of Banking
Opponents:    Larry Nelson, American International Group, Inc.

MOTION:     AMEND SB 165

165jd
     On page 9, after line 1 of the Senate Commerce Committee engrossed bill, insert:

"      Section 22. Fees collected pursuant to this Act shall be deposited with the state treasurer in the banking special revenue fund created in §  51A-2-30. Expenditures from the fund shall be appropriated through the normal budget process.".


Moved by:    Ahlers
Second by:    Nygaard
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 165 AS AMENDED

Moved by:    Ahlers
Second by:    Engels
Action:    Prevailed by roll call vote.(13-0-0-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David), Nygaard, Pederson (Gordon), Street, Willadsen, Rounds

 MOTION:     ADJOURN

Moved by:    Willadsen
Second by:    Hunt
Action:    Prevailed by voice vote.


Cheri Hauschild

____________________________

Committee Secretary
Tim Rounds, Chair