P - Present
Roll Call
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Rep. Claire Konold, Chair.
MOTION:
TO APPROVE THE MINUTES OF FEBRUARY 14, 2002.
E - Excused
A - Absent
P Begalka
P Broderick
E Brown (Jarvis)
P Glenski
P Hansen (Tom)
P Madsen
P Nesselhuf
P Olson (Mel)
P Pederson (Gordon)
P Solum
P Valandra
P Sebert, Vice-Chair
P Konold, Chair
Moved by: Pederson (Gordon)
Second by: Sebert
Action: Prevailed by voice vote.
SB 136: allow state chartered banks to expand their investment options to include
certain annuities.
Presented By: Sen. Rebekah Cradduck, Sioux Falls, Dist. 11
Proponents: Tom Adam, Pierre, SD Bankers Assn.
Opponents: None
MOTION:
DO PASS SB 136
Moved by: Pederson (Gordon)
Second by: Solum
Action: Prevailed by roll call vote.(11-0-2-0)
Voting Yes: Begalka, Broderick, Glenski, Hansen (Tom), Madsen, Nesselhuf, Olson (Mel),
Pederson (Gordon), Solum, Sebert, Konold
Excused: Brown (Jarvis), Valandra
MOTION:
PLACE SB 136 ON CONSENT CALENDAR
Moved by: Pederson (Gordon)
Second by: Glenski
Action: Prevailed by voice vote.
SB 180: regulate unsolicited electronic commerce.
Presented By: Bob Sahr, Pierre, Commissioner for PUC
Proponents: None
Comments: Tom Adam, Pierre, SD Bankers Assn.
Opponents: Jeremiah D. Murphy, Sioux Falls, Citibank of SD
John Brown, Pierre, SD Consumer Finance Assn.
MOTION:
AMEND SB 180
"
Section 1. That
§
37-24-6
be amended by adding thereto a NEW SUBDIVISION to read as
follows:
Moved by: Broderick
Beverly Jennings
Second by: Hansen (Tom)
Action: Prevailed by voice vote.
MOTION:
DEFER SB 180 TO THE 36TH LEGISLATIVE DAY
Moved by: Hansen (Tom)
Second by: Nesselhuf
Action: Was not acted on.
MOTION:
SUBSTITUTE MOTION DO PASS SB 180 AS AMENDED
Moved by: Madsen
Second by: Glenski
Action: Prevailed by roll call vote.(8-4-1-0)
Voting Yes: Begalka, Broderick, Glenski, Madsen, Olson (Mel), Solum, Valandra, Konold
Voting No: Hansen (Tom), Nesselhuf, Pederson (Gordon), Sebert
Excused: Brown (Jarvis)
SB 109: exempt certain insurers and intermediaries from mortgage lending licensing.
Presented By: Rep. Broderick, Canton, Dist. 16
Proponents: Dick Gregerson, Sioux Falls, American Council of Life Insurance
Opponents: None
MOTION:
DO PASS SB 109
Moved by: Madsen
Second by: Sebert
Action: Prevailed by roll call vote.(12-0-1-0)
Voting Yes: Begalka, Broderick, Glenski, Hansen (Tom), Madsen, Nesselhuf, Olson (Mel),
Pederson (Gordon), Solum, Valandra, Sebert, Konold
Excused: Brown (Jarvis)
MOTION:
PLACE SB 109 ON CONSENT CALENDAR
Moved by: Broderick
Second by: Begalka
Action: Prevailed by voice vote.
SB 144: provide certain financial and employment protections to members of the
South Dakota National Guard.
Presented By: Sen. Vitter, Hill City, Dist. 30
Proponents: None
Opponents: None
MOTION:
DO PASS SB 144
Moved by: Solum
Second by: Pederson (Gordon)
Action: Prevailed by roll call vote.(12-0-1-0)
Voting Yes: Begalka, Broderick, Glenski, Hansen (Tom), Madsen, Nesselhuf, Olson (Mel),
Pederson (Gordon), Solum, Valandra, Sebert, Konold
Excused: Brown (Jarvis)
MOTION:
PLACE SB 144 ON CONSENT CALENDAR
Moved by: Pederson (Gordon)
Second by: Olson (Mel)
Action: Prevailed by voice vote.
MOTION:
ADJOURN
Moved by: Nesselhuf
Second by: Glenski
Action: Prevailed by voice vote.
Committee Secretary Claire B. Konold, Chair
../02190745.HCO