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Committee adopts amendment to SB 155 revising wholesale-disclosure language
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Summary
Vice Chair Lorenz moved Amendment 0922 to Senate Bill 155, revising mandatory wholesaler disclosure wording and removing a seller-specific instruction to seek legal advice.
During the Development Committee's third hearing on Senate Bill 155, Vice Chair Lorenz moved Amendment 0922, which he described as revising the mandatory disclosure wholesalers must make before entering a wholesale agreement. The amendment removes prescriptive language advising sellers to seek legal advice and replaces it with language clarifying that buyers and sellers are entitled to seek legal or professional advice prior to entering an agreement.
Lorenz said the amendment aligns the disclosure with broader consumer-rights language; there were no objections and the chair announced the amendment would become part of the bill. No members of the public signed up to testify on SB 155, and the chair closed the third hearing on the bill.
The committee record does not show a roll-call vote on the amendment; the amendment was adopted by unanimous consent after Chair Hoopes asked for objections and none were raised.
