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Bill Would Extend Wage Lien
Posted on January 20th, 2009 No commentsCurrent Wisconsin law allows employees to collect up to $3,000 in back wages when their employer files for bankruptcy or ceases operations. A new proposal authored by state Sen. John Lehman (D-Racine), named the Employee Wage Protection Act, would eliminate the $3,000 per employee cap in recovering unpaid wages. If passed, the bill could restrict lending, bankers say. Read more in the Small Business Times.
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Bill Gives Retirees New Option
Posted on December 12th, 2008 No commentsCongressman James Sensenbrenner is co-sponsoring federal legislation that would suspend the mandatory minimum withdrawal requirement from retirement accounts for 2008 and 2009, allowing retirees age 70˝ and older to keep their money in the market if they choose. Read more in the Business Journal of Milwaukee.
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Wis. Securities Law Updated
Posted on December 12th, 2008 No commentsThe market outlook may not look good, but the state of Wisconsin has recently adopted legislation to protect consumers and companies who deal in securities. On Jan. 1, 2009, a state-adapted version of the National Conference of Commissioners on Uniform State Laws’ 2002 Uniform Securities Act will go into effect and marks the first major overhaul of the law in 40 years, the Small Business Times reported.