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Republican Jeff Stone Expertly Guides Debate That Ends In Passage Of Wisconsin Rental Purchase Act
03-10-06
RTO Online
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We're doing more to protect consumers with this legislation, than anything that's on the books here, than anything that's on the books anywhere in this nation.
Wisconsin Representative Jeff Stone during debate on passage of rent to own legislation in Wisconsin Thursday night

Republican Representative (82nd) Jeff Stone expertly argued for passage of the Act during Thursday's late night session. Audio

Wisconsin
Concurrence
Vote breakdown

55 - 37
See all votes here
Audio

Wisconsin Representative Jeff Stone (R 82) defeats liberal opposition the old fashioned way - with calm, cool logic. While Democrats engaged in theatrics, comparing Check Cashers to Adolph Hitler and Rent to Own dealers to Ghengis Kahn, Stone used a little over 4 minutes of floor time Thursday night to calmly explain the undeniable logic of the Wisconsin Rental Purchase Agreement Act.

The Act recognizes rental purchase agreements as a lease, rather than a credit sale and protects consumers by strictly defining disclosure requirements.

©AUDIO: RTO Online put together an audio presentation containing Mr. Stone's 3 brief arguments totaling  6 minutes including audio of the final vote.

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The clip contains:
-Stone on defeating an amendment that would require interest rate disclosures on rent to own agreements (1:30).
-Stone on protecting consumers through disclosures. Stone compares consumers knowledge of total cost of rent to own vs. a credit card purchase (2:20).
-Stone on protecting the rights of consumers and business'. (1:10).
-Actual vote (1:30)

Representative Stone was elected to the Assembly in an April 1998 special election; reelected since November 1998. He serves on the Assembly Finance Committee and the Joint Finance Committee. Stone also serves as the Speaker's representative to the Milwaukee Child Welfare Partnership Council.

 

 

 

 

 

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