Wisconsin 2025 Regular Session Status: Introduced 7 D cosponsors

AB 1022 — Relating to: creating a baby bond program and baby bond fund, granting rule-making authority, and making an appropriation. (FE)

Last action — Fiscal estimate received

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

This bill has been introduced in the Assembly. Introduced February 06, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

An Act to amend 20.144 (1) (g), 25.17 (3) (a), 69.14 (1) (a) and 69.22 (6); to create 20.144 (5) (title), 20.144 (5) (a), 20.144 (5) (c), 20.144 (5) (j), 20.144 (5) (q), 25.14 (1) (a) 20., 25.17 (1) (aL), 25.18 (1) (q), 25.32, 69.20 (3) (b) 6., 69.20 (3) (i), 71.05 (6) (b) 57., 71.78 (4) (w) and 224.58 of the statutes;

Bill Text

How this bill changes current law

5 changes Share ↗

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

The bill creates a baby bond program within the Department of Financial Institutions, establishes a baby bond trust fund, and requires the state registrar to send birth records to DFI while making certain changes to fee structures and information sharing related to vital records.

  • 20.144(1)(g)

    General program operations. The amounts in the schedule for the general program operations of the department of financial institutions. Except as provided in pars. (a), (h), (i), (j), and (u) and sub. (3), all moneys received by the department, other than by the office of credit unions and the division of banking, and 88 percent of all moneys received by the office of credit unions and the department’s division of banking shall be credited to this appropriation, but any balance at the close of a fiscal year under this appropriation shall lapse to the general fund. Annually, $150,000 of the amounts received under this appropriation account shall be transferred to the appropriation account under s. 20.575 (1) (g). → General program operations. The amounts in the schedule for the general program operations of the department of financial institutions. Except as provided in pars. (a), (h), (i), (j), and (u) and sub. (3) and (5), all moneys received by the department, other than by the office of credit unions and the division of banking, and 88 percent of all moneys received by the office of credit unions and the department’s division of banking shall be credited to this appropriation, but any balance at the close of a fiscal year under this appropriation shall lapse to the general fund. Annually, $150,000 of the amounts received under this appropriation account shall be transferred to the appropriation account under s. 20.575 (1) (g).

    No significant change; section number updated to include a new sub-section.

  • 69.14(1)(a)

    Filing deadline. A record of birth for every birth that occurs in this state shall be filed within 5 days after the birth with the state registrar, who shall register the birth under this subchapter. → Filing deadline. A record of birth for every birth that occurs in this state shall be filed within 5 days after the birth with the state registrar, who shall register the birth under this subchapter. The state registrar shall submit a copy of the record of birth to the department of financial institutions, but shall redact from the copy any parent’s social security number.

    Requires the state registrar to send a birth record copy to the Department of Financial Institutions (DFI) with the parent’s SSN redacted.

  • 69.22(6)

    The state registrar may charge a reasonable fee for providing searches of vital records and for providing copies of vital records to state agencies for program use. → The state registrar may charge a reasonable fee for providing searches of vital records and for providing copies of vital records to state agencies for program use, except that no fee may be charged for providing a copy of the record of birth to the department of financial institutions under s. 69.14 (1) (a).

    Establishes that DFI will receive birth records without charge.

  • 25.17(3)(a)

    Invest the core retirement investment trust, state life fund, local government property insurance fund, veterans trust fund, and injured patients and families compensation fund in loans, securities, and any other investments authorized by s. 620.22, and in bonds or other evidences of indebtedness or preferred stock of companies engaged in the finance business whether as direct lenders or as holding companies owning subsidiaries engaged in the finance business. → Invest the core retirement investment trust, baby bond fund, state life fund, local government property insurance fund, veterans trust fund, and injured patients and families compensation fund in loans, securities, and any other investments authorized by s. 620.22, and in bonds or other evidences of indebtedness or preferred stock of companies engaged in the finance business whether as direct lenders or as holding companies owning subsidiaries engaged in the finance business.

    Includes the baby bond fund in the list of funds the board can invest.

  • 25.32

    Baby bond fund. (1) There is established a separate nonlapsible trust fund designated as the baby bond fund. The fund shall consist of all of the following: (a) Money deposited into the fund under s. 224.58 (3) (b) 2. (b) All donations, gifts, grants, bequests, or other contributions deposited into the fund under s. 224.58 (6). (c) All earnings and other investment income of the fund. (2) Except as provided in s. 25.187, moneys in the baby bond fund may be expended only for the purpose of making distributions under s. 224.58 (4) and deposits under s. 224.58 (3) (b) 2.

    Creates a new nonlapsible trust fund specifically for the baby bond program.

Action History

  1. Fiscal estimate received

  2. Failed to pass pursuant to Senate Joint Resolution 1

  3. Representative Anderson added as a coauthor

  4. Fiscal estimate received

  5. Representative Subeck added as a coauthor

  6. Fiscal estimate received

  7. Fiscal estimate received

  8. Fiscal estimate received

  9. Representative Stubbs added as a coauthor

  10. Representative Palmeri added as a coauthor

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

  12. Introduced by Representatives Vining, Clancy, Madison, Moore Omokunde, Neubauer, Miresse, Sinicki and Snodgrass; cosponsored by Senators Roys, Drake, Larson and Spreitzer

Sponsors

Sponsorship breakdown

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1 sponsors · 11 co-sponsors · 120 not signed on

Sponsors (1)

Co-sponsors (11)

Not signed on (120)

120 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

taxation 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 1022 do?
An Act to amend 20.144 (1) (g), 25.17 (3) (a), 69.14 (1) (a) and 69.22 (6); to create 20.144 (5) (title), 20.144 (5) (a), 20.144 (5) (c), 20.144 (5) (j), 20.144 (5) (q), 25.14 (1) (a) 20., 25.17 (1) (aL), 25.18 (1) (q), 25.32, 69.20 (3) (b) 6., 69.20 (3) (i), 71.05 (6) (b) 57., 71.78 (4) (w) and 224.58 of the statutes;
Who sponsors AB 1022?
AB 1022 is sponsored by Moore Omokunde, Vining, Robyn (Democrat), Clancy, Ryan (Democrat), Madison, Darrin (Democrat), Roys, Drake, Larson, Spreitzer, Neubauer, Greta (Democrat), Miresse, Vincent (Democrat), Sinicki, Christine (Democrat), and Snodgrass, Lee (Democrat).
What is the current status of AB 1022?
This bill has been introduced in the Assembly. Introduced February 06, 2026. It must pass committee before a floor vote.
Where can I track AB 1022?
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