The Legislative Council has convened a summer study committee that has legislators and public members reviewing the transfer of structured settlement payments. The committee has been meeting since late July to hear presentations from Wisconsin and national professionals who handle structured settlement agreements. By late 2014, the committee plans to submit legislation to the Wisconsin State Legislature that would reform state structured settlement statute.
The most recent meeting of the study committee convened on September 11th, and included presentations from UW-Eau Claire Professor Frederic Kolb on recommendations for the committee, structured settlement annuity, and potential governmental interests in structured settlements.
At the previous study committee meeting held in July the committee reviewed a Wisconsin model for a structured settlement protection act, current acts from California, Oregon, and New York, and viewed a presentation from Earl Nesbitt of the National Association of Settlement Purchasers.
The next study committee meeting will be held on October 9th, 2014 at 9:00 a.m. in Room 225 Northwest in the State Capitol.