Wisconsin 2021-2022 Regular Session Status: To Executive 6 D cosponsors

SB 691 — Relating to: student loans for postsecondary education, requirements related to student loan servicers, creating an office of the student loan ombudsman in the Department of Financial Institutions, and granting rule-making authority. (FE)

Last action — Failed to pass pursuant to Senate Joint Resolution 1

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

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill creates an Office of the Student Loan Ombudsman within the Department of Financial Institutions and establishes regulations for student loan servicers.

  • 15.01 (6)

    The office of credit unions in the department of financial institutions, the office of the inspector general in the department of children and families, the office of the inspector general in the department of health services, and the office of children's mental health in the department of health services have the meaning of “division" under this subsection. → The office of credit unions and the office of the student loan ombudsman in the department of financial institutions, the office of the inspector general in the department of children and families, the office of the inspector general in the department of health services, and the office of children's mental health in the department of health services have the meaning of “division" under this subsection.

    This change adds the Office of the Student Loan Ombudsman to the list of entities defined as a 'division' within the Department of Financial Institutions.

  • 15.02 (3) (c) 1.

    The office of credit unions in the department of financial institutions and the office of children's mental health in the department of health services have the meaning of “division" and the director of credit unions in the department of financial institutions and the director of the office of children's mental health in the department of health services have the meaning of “administrator" under this subdivision. → The office of credit unions and the office of the student loan ombudsman in the department of financial institutions and the office of children's mental health in the department of health services have the meaning of “division" and the director of credit unions in the department of financial institutions and the director of the office of children's mental health in the department of health services have the meaning of “administrator" under this subdivision.

    This change designates the Office of the Student Loan Ombudsman as another entity defined as a 'division' within the Department of Financial Institutions.

  • 15.185

    There is created in the department of financial institutions an office of the student loan ombudsman.

    This establishes a new Office of the Student Loan Ombudsman focused on student loan issues.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Fiscal estimate received

  3. Read first time and referred to Committee on Financial Institutions and Revenue

  4. Introduced by Senators Smith, Erpenbach, Roys, Wirch, Agard, Ringhand, Larson, Johnson and Carpenter; cosponsored by Representatives Hesselbein, Drake, Emerson, S. Rodriguez, Shelton, Conley, Andraca, Vruwink, Spreitzer, Neubauer, Hebl, Ohnstad, Milroy, Cabrera, Bowen, Considine, Stubbs, Shankland, Subeck, Hong, Baldeh, L. Myers and Pope

Sponsors

Sponsorship breakdown

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9 sponsors · 0 co-sponsors · 123 not signed on

Sponsors (9)

Co-sponsors (0)

None.

Not signed on (123)

123 members have not signed on to this bill.

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"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

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 691?
SB 691 is sponsored by Carpenter, Tim (Democrat), Johnson, LaTonya (Democrat), Larson, Chris (Democrat), Ringhand, Agard, Wirch, Robert (Democrat), Roys, Kelda (Democrat), Erpenbach, and Smith, Jeff (Democrat).
What is the current status of SB 691?
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 SB 691?
Track SB 691 free on One Click Politics — get push/email alerts when it moves.

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