Wisconsin 2025 Regular Session Status: Passed Assembly 9 R cosponsors

AB 996 — Relating to: contributions by the Department of Financial Institutions to Trump accounts.

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

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

This bill has passed the Assembly. Introduced February 02, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 58% · moderate confidence

  • Passed Assembly

    Current position in the legislative process.

  • 11 sponsors

    1 primary, 10 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (9 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

An Act to create 224.38 of the statutes;

Bill Text

What changed in the latest version

37 added · 45 removed

Plain-language change summary

The amended version of Bill AB 996 clarifies that the Department of Financial Institutions (DFI) will provide a $1,000 matching contribution to "Trump accounts" specifically for eligible children upon request. The section detailing the funding schedule has been removed, making the bill more streamlined by focusing purely on the matching contributions without listing specific budget amounts. This change is important as it directly supports families by encouraging contributions to savings accounts for children, which can help in financial planning for education or other expenses.

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Latest
- 2026 LEGISLATURE LRBs0449/1 ARG&EKL:skw ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 996 February 19, 2026 - Offered by Representative B EHNKE .
- 2026 LEGISLATURE LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 February 2, 2026 - Introduced by Representatives EHNKE , UNDRUM , KREIBICH, M AXEY, MOSES , MURPHY, PIWOWARCZYK , ODRIGUEZ and TUCKER , cosponsored by Senators C ABRAL -GUEVARA and Q UINN .
A N A CT to create 20.144 (1) (c) and 224.38 of the statutes;
Referred to Committee on Financial Institutions.
A N A CT to create 224.38 of the statutes;
Under a federal pilot program, the federal Treasury - 2026 Legislature - 2 - LRBs0449/1 ARG&EKL:skw SECTION 1 Department generally pays $1,000 into the Trump account if the account beneficiary was born in a calendar year from 2025 to 2028, is a U.S.
Under a federal pilot program, the federal Treasury Department generally pays $1,000 into the Trump account if the account beneficiary was born in a calendar year from 2025 to 2028, is a U.S.
Federal law also provides that a state or local government may contribute to the Trump accounts of a specified class of individuals, such as state residents under age 18, and that these contributions are not taxable to the recipients or subject to an annual limit on contributions.
Federal law also - 2026 Legislature - 2 - LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 SECTION 1 provides that a state or local government may contribute to the Trump accounts of a specified class of individuals, such as state residents under age 18, and that these contributions are not taxable to the recipients or subject to an annual limit on contributions.
The bill requires DFI to make a matching contribution of $1,000 to a Trump account if the federal Treasury Department has made a payment to the Trump account and the account beneficiary was born in this state and resides in this state at the time of DFI’s contribution.
This bill requires DFI to make a matching contribution of $1,000 to a Trump account if the federal Treasury Department has made a payment to the Trump account and the account beneficiary was born in this state and resides in this state at the time of DFI’s contribution.
SECTION 1.
S ECTION 1.
20.005 (3) (schedule) of the statutes:
at the appropriate place, insert the following amounts for the purposes indicated:
2025-26 2026-27 20.144 Financial institutions, department of (1) SUPERVISION OF FINANCIAL INSTITUTIONS, SECURITIES REGULATION AND OTHER FUNCTIONS (c) Contributions to Trump accounts GPR A -0- -0- SECTION 2.
20.144 (1) (c) of the statutes is created to read:
20.144 (1) (c) Contributions to Trump accounts.
The amounts in the schedule for the department of financial institutions to make contributions to Trump accounts under s.
224.38 (2).
SECTION 3.
(1) D EFINITIONS .
(1) D EFINITIONS.
- 2026 Legislature - 3 - LRBs0449/1 ARG&EKL:skw SECTION 3 (c) “Trump account” has the meaning given in 26 USC 530A (b) (1).
(c) “Trump account” has the meaning given in 26 USC 530A (b) (1).
(2) C ONTRIBUTION PILOT PROGRAM.
(2) C ONTRIBUTION PILOT PROGRAM .
(c) The department shall make contributions to Trump accounts under this subsection only to the extent that funds are available for the contributions.
(c) The department shall make contributions to Trump accounts under this - 2026 Legislature - 3 - LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 S ECTION 1 subsection only to the extent that funds are available for the contributions.
(END)
END )
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Action History

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

  2. Public hearing held

  3. Read first time and referred to committee on Financial Institutions and Sporting Heritage

  4. Received from Assembly

  5. Ordered immediately messaged

  6. Read a third time and passed, Ayes 62, Noes 35

  7. Rules suspended

  8. Ordered to a third reading

  9. Assembly Substitute Amendment 1 adopted

  10. Assembly Substitute Amendment 1 offered by Representative Behnke

  11. Read a second time

  12. Made a special order of business at 11:59 AM on 2-19-2026 pursuant to Assembly Resolution 14

  13. Referred to committee on Rules

  14. Report passage recommended by Committee on Financial Institutions, Ayes 8, Noes 1

  15. Executive action taken

  16. Public hearing held

  17. Read first time and referred to Committee on Financial Institutions

  18. Introduced by Representatives Behnke, Gundrum, Kreibich, Maxey, Moses, Murphy, Piwowarczyk, Rodriguez and Tucker; cosponsored by Senators Cabral-Guevara and Quinn

Sponsors

Sponsorship breakdown

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1 sponsors · 10 co-sponsors · 121 not signed on · 34 voted No

Sponsors (1)

Co-sponsors (10)

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"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

Read a third time and passed

Passed 62 Yea · 35 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 52100
Democrat 93301
Unaffiliated 1101
Total 623502
% of votes cast 63%35%0%2%
How each member voted (99)
Member Party Vote
JOHNSON — Not Voting
MOORE OMOKUNDE — Nay
SPEAKER — Yea
Anderson, Clinton Democrat Nay
Andraca, Deb Democrat Nay
Arney, Margaret Democrat Nay
Bare, Mike Democrat Nay
Billings, Jill Democrat Yea
Brown, Brienne Democrat Yea
Clancy, Ryan Democrat Nay
Cruz, Angelina Democrat Nay
DeSanto, Karen Democrat Nay
DeSmidt, Ben Democrat Nay
Doyle, Steve Democrat Yea
Emerson, Jodi Democrat Yea
Fitzgerald, Joan Democrat Nay
Goodwin, Russell Democrat Nay
Haywood, Kalan Democrat Nay
Hong, Francesca Democrat Nay
Hysell, Andrew Democrat Nay
Jacobson, Jenna Democrat Yea
Joers, Alex Democrat Nay
Kirsch, Karen Democrat Nay
Madison, Darrin Democrat Nay
Mayadev, Renuka Democrat Nay
McCarville, Maureen Democrat Nay
McGuire, Tip Democrat Nay
Miresse, Vincent Democrat Yea
Neubauer, Greta Democrat Nay
Ortiz-Velez, Sylvia Democrat Yea
Palmeri, Lori Democrat Nay
Phelps, Christian Democrat Nay
Prado, Priscilla Democrat Nay
Rivera-Wagner, Amaad Democrat Nay
Roe, Ann Democrat Nay
Sheehan, Joe Democrat Not Voting
Sinicki, Christine Democrat Nay
Snodgrass, Lee Democrat Nay
Spaude, Ryan Democrat Yea
Stroud, Angela Democrat Nay
Stubbs, Shelia Democrat Nay
Subeck, Lisa Democrat Nay
Taylor, Sequanna Democrat Nay
Tenorio, Angelito Democrat Nay
Udell, Randy Democrat Nay
Vining, Robyn Democrat Yea
Allen, Scott Republican Yea
Armstrong, David Republican Yea
August, Tyler Republican Yea
Behnke, Elijah Republican Yea
Born, Mark Republican Yea
Brill, Lindee Republican Yea
Brooks, Robert Republican Yea
Callahan, Calvin Republican Yea
Dallman, Alex Republican Yea
Dittrich, Barbara Republican Yea
Donovan, Bob Republican Yea
Duchow, Cindi Republican Yea
Franklin, Benjamin Republican Yea
Goeben, Joy Republican Yea
Green, Chanz Republican Yea
Gundrum, Rick Republican Yea
Gustafson, Nate Republican Yea
Hurd, Karen Republican Yea
Jacobson, Brent Republican Yea
Kaufert, Dean Republican Yea
Kitchens, Joel Republican Yea
Knodl, Daniel Republican Yea
Kreibich, Rob Republican Yea
Krug, Scott Republican Yea
Kurtz, Tony Republican Yea
Maxey, Dave Republican Yea
Melotik, Paul Republican Yea
Moses, Clint Republican Yea
Murphy, David Republican Yea
Mursau, Jeffrey Republican Yea
Nedweski, Amanda Republican Yea
Neylon, Adam Republican Yea
Novak, Todd Republican Yea
O'Connor, Jerry Republican Yea
Penterman, William Republican Yea
Petersen, Kevin Republican Yea
Piwowarczyk, Jim Republican Yea
Pronschinske, Treig Republican Yea
Rodriguez, Jessie Republican Yea
Snyder, Patrick Republican Yea
Sortwell, Shae Republican Nay
Spiros, John Republican Yea
Steffen, David Republican Yea
Summerfield, Rob Republican Yea
Swearingen, Rob Republican Yea
Tittl, Paul Republican Yea
Tranel, Travis Republican Yea
Tucker, Duke Republican Yea
Tusler, Ron Republican Yea
VanderMeer, Nancy Republican Yea
Wichgers, Chuck Republican Yea
Wittke, Robert Republican Yea
Zimmerman, Shannon Republican Yea

Official roll call →

Subjects

finance
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

What does AB 996 do?
An Act to create 224.38 of the statutes;
Who sponsors AB 996?
AB 996 is sponsored by Behnke, Elijah (Republican), Gundrum, Rick (Republican), Kreibich, Rob (Republican), Maxey, Dave (Republican), Moses, Clint (Republican), Murphy, David (Republican), Piwowarczyk, Jim (Republican), Rodriguez, Jessie (Republican), Quinn, Tucker, Duke (Republican), and Cabral-Guevara.
What is the current status of AB 996?
This bill has passed the Assembly. Introduced February 02, 2026. It now moves to the second chamber.
Where can I track AB 996?
Track AB 996 free on One Click Politics — get push/email alerts when it moves.

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