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Committee advances SB 197 after amendment setting garnishment floor tied to federal minimum wage
Summary
Senate Bill 197 on wage garnishment was amended to remove some DFI rulemaking duties and to fix a protected-earnings floor at 83 times the federal minimum wage (about $601.75); the committee approved the amended bill after discussion and moved it to the floor 6–2.
The Insurance and Financial Institutions committee voted to advance an amended version of Senate Bill 197, a garnishment bill that sponsor Senator Greg Walker said both simplifies implementation and raises the floor for protected earnings.
Senator Greg Walker presented the amendment, saying it removes Department of Financial Institutions (DFI) rulemaking responsibilities for certain index calculations at DFI’s request and replaces an index-based approach with fixed numeric values. “DFI doesn’t wanna do this rule,” Walker said, arguing the change reduces an…
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