Wisconsin 2021-2022 Regular Session Status: Died 16 R cosponsors

AB 961 — Relating to: confidentiality of financial institution account information.

Last action — Failed to concur in pursuant to Senate Joint Resolution 1

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. Died in session

This bill died with 2021-2022 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

34 added · 9 removed

Plain-language change summary

The amendment to Assembly Bill 961 removes the provision that would have allowed state-chartered financial institutions to disclose account transaction information to the IRS if requested via a federal subpoena. This change means that these institutions must keep this information confidential, enhancing privacy for account holders. This matters because it protects individuals' financial data from federal scrutiny, aligning with the growing concerns about data privacy.

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- 2022 LEGISLATURE LRBa1286/1 ARG:cjs ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 961 February 14, 2022 - Offered by RepresentatiUGUST.
- 2022 LEGISLATURE LRB-5195/2 ARG:skw ASSEMBLY BILL 961 February 7, 2022 - Introduced by RepresentativeUGUST, KATSMA, OUDENBECK , ARMSTRONG , PENTERMAN , A LLEN, DUCHOW , S ORTWELL, C ABRALG UEVARA, DALLMAN , PLUMER , M OSES, O LDENBURG, K UGLITSCH, K NODL, D ITTRIC, W ICHGERS, ANDERM EER, HORLACHER, RANDTJEN , ROOKS, BORN and MURPHY, cosponsored by Senators ELZKOWSKI and STROEBEL.
At the locations indicated, amend the bill as follows:
Referred to Committee on State Affairs.
1.
A N A CT to create 224.28 of the statutes;
Page 2, line 6:
relating to:
after “institution" insert “unless the disclosure is in response to a federal subpoena".
confidentiality of financial institution account information.
Analysis by the Legislative Reference Bureau This bill prohibits a bank, savings bank, savings and loan association, or credit union chartered under this state's law (state-chartered financial institution) from disclosing to the federal Internal Revenue Service deposit and withdrawal transaction information for any account held at the state-chartered financial institution.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SECTION 1.
224.28 of the statutes is created to read:
224.28 Privacy of certain financial information.
(1) EFINITIONS.In this section:
(a) “Account” has the meaning given in s.
71.91 (8) (a) 1.
- 2022 Legislature - 2 - LRB-5195/2 ARG:skw ASSEMBLY BILL 961 SECTION 1 (b) “Financial institution" means a state bank organized under ch.
221, a savings bank organized under ch.
214, a savings and loan association organized under ch.
215, or a credit union organized under ch.
186.
(2) C ONFIDENTIAL ACCOUNT INFORMATION.
A financial institution may not disclose to the federal internal revenue service deposit and withdrawal transaction information for any account held at the financial institution.
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Action History

  1. Failed to concur in pursuant to Senate Joint Resolution 1

  2. Read first time and referred to committee on Financial Institutions and Revenue

  3. Received from Assembly

  4. Representative Skowronski added as a coauthor

  5. Ordered immediately messaged

  6. Read a third time and passed, Ayes 61, Noes 35

  7. Rules suspended

  8. Ordered to a third reading

  9. Assembly Amendment 1 adopted

  10. Read a second time

  11. Made a special order of business at 9:17 AM on 2-23-2022 pursuant to Assembly Resolution 29

  12. Referred to committee on Rules

  13. Report passage as amended recommended by Committee on State Affairs, Ayes 9, Noes 4

  14. Report Assembly Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0

  15. Executive action taken

  16. Assembly Amendment 1 offered by Representative August

  17. Public hearing held

  18. Read first time and referred to Committee on State Affairs

  19. Introduced by Representatives August, Katsma, Loudenbeck, Armstrong, Penterman, Allen, Duchow, Sortwell, Cabral-Guevara, Dallman, Plumer, Moses, Oldenburg, Kuglitsch, Knodl, Dittrich, Wichgers, VanderMeer, Horlacher, Brandtjen, Brooks, Born and Murphy; cosponsored by Senators Felzkowski and Stroebel

Sponsors

Sponsorship breakdown

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23 sponsors · 0 co-sponsors · 109 not signed on · 18 voted No

Sponsors (23)

Co-sponsors (0)

None.

Not signed on (109)

109 members have not signed on to this bill.

Show all 109 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSAGE

Passed 61 Yea · 35 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 37100
Democrat 11700
Unaffiliated 231700
Total 613500
% of votes cast 64%36%0%0%
How each member voted (96)
Member Party Vote
BALDEH — Nay
BRANDTJEN — Yea
BROSTOFF — Nay
CABRAL-GUEVA — Yea
CABRERA — Nay
CONLEY — Nay
CONSIDINE — Nay
EDMING — Yea
GOYKE — Nay
HEBL — Nay
HINTZ — Nay
HORLACHER — Yea
KATSMA — Yea
KERKMAN — Yea
KUGLITSCH — Yea
LOUDENBECK — Yea
MACCO — Yea
MAGNAFICI — Yea
MEYERS — Nay
MILROY — Nay
MOORE OMOKUN — Nay
MYERS — Nay
OHNSTAD — Nay
OLDENBURG — Yea
PETRYK — Yea
PLUMER — Yea
POPE — Nay
RAMTHUN — Yea
RIEMER — Nay
ROZAR — Yea
SANFELIPPO — Yea
SCHRAA — Yea
SHELTON — Nay
SKOWRONSKI — Yea
STEINEKE — Yea
TAUCHEN — Yea
THIESFELDT — Yea
VORPAGEL — Yea
VRUWINK — Nay
SPEAKER — Yea
Anderson, Clinton Democrat Nay
Andraca, Deb Democrat Nay
Billings, Jill Democrat Nay
Doyle, Steve Democrat Nay
Drake, Dora Democrat Yea
Emerson, Jodi Democrat Nay
Haywood, Kalan Democrat Nay
Hesselbein, Dianne Democrat Nay
Hong, Francesca Democrat Nay
McGuire, Tip Democrat Nay
Neubauer, Greta Democrat Nay
Ortiz-Velez, Sylvia Democrat Nay
Sinicki, Christine Democrat Nay
Snodgrass, Lee Democrat Nay
Spreitzer, Mark Democrat Nay
Stubbs, Shelia Democrat Nay
Subeck, Lisa Democrat Nay
Vining, Robyn Democrat Nay
Allen, Scott Republican Yea
Armstrong, David Republican Yea
August, Tyler Republican Yea
Behnke, Elijah Republican Yea
Born, Mark Republican Yea
Brooks, Robert Republican Yea
Callahan, Calvin Republican Yea
Dallman, Alex Republican Yea
Dittrich, Barbara Republican Yea
Duchow, Cindi Republican Yea
Gundrum, Rick Republican Yea
James, Jesse Republican Yea
Kitchens, Joel Republican Yea
Knodl, Daniel Republican Yea
Krug, Scott Republican Yea
Kurtz, Tony Republican Yea
Moses, Clint Republican Yea
Murphy, David Republican Yea
Mursau, Jeffrey Republican Yea
Neylon, Adam Republican Yea
Novak, Todd Republican Yea
Petersen, Kevin Republican Yea
Pronschinske, Treig Republican Yea
Rodriguez, Jessie Republican Yea
Rodriguez, Jessie Republican Nay
Snyder, Patrick Republican Yea
Sortwell, Shae Republican Yea
Spiros, John Republican Yea
Steffen, David Republican Yea
Summerfield, Rob Republican Yea
Swearingen, Rob Republican Yea
Tittl, Paul Republican Yea
Tranel, Travis Republican Yea
Tusler, Ron Republican Yea
VanderMeer, Nancy Republican Yea
Wichgers, Chuck Republican Yea
Wittke, Robert Republican Yea
Zimmerman, Shannon Republican Yea

Subjects

finance
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Frequently asked questions

Who sponsors AB 961?
AB 961 is sponsored by Murphy, David (Republican), Born, Mark (Republican), Brooks, Robert (Republican), Brandtjen, Horlacher, VanderMeer, Nancy (Republican), Wichgers, Chuck (Republican), Dittrich, Barbara (Republican), Knodl, Daniel (Republican), Kuglitsch, Oldenburg, Moses, Clint (Republican), Plumer, Dallman, Alex (Republican), Cabral-Guevara, Rachael (Republican), Sortwell, Shae (Republican), Duchow, Cindi (Republican), Allen, Scott (Republican), Penterman, William (Republican), Armstrong, David (Republican), Loudenbeck, Katsma, and August, Tyler (Republican).
What is the current status of AB 961?
This bill died with 2021-2022 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 961?
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Last checked for changes 3 months ago · updated continuously

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