Wisconsin 2025 Regular Session Status: Introduced Bipartisan · 4 D · 1 R cosponsors

SB 562 — Relating to: reporting requirements for recipients of economic development grants and loans.

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

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

This bill has been introduced in the Senate. Introduced October 24, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 12 sponsors

    1 primary, 11 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 D · 1 R) — cross-party backing.

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 238.03 (3) (a); to create 238.03 (3m) of the statutes;

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 raises the threshold for reporting requirements for economic development grants and loans and exempts certain entities from those requirements.

  • 238.03(3)(a)

    at least $100,000 → at least $500,000

    Increases the minimum grant or loan amount that requires a schedule of expenditures from $100,000 to $500,000.

  • 238.03(3)(a)

    within 120 days after the end of the recipient’s fiscal year in which any grant or loan funds were expended → within 120 days after the end of the fiscal year in which the program expenditures are completed

    Changes the submission deadline for the schedule of expenditures from the end of the fiscal year in which funds were expended to after the program expenditures are completed.

  • The board may not require a local governmental unit or a university in the University of Wisconsin System to comply with sub. (3) (a) if all of the following apply: 1. The local governmental unit or university includes all funding received from the corporation in the local governmental unit’s or university’s current audit practices. 2. The local governmental unit or university, no later than 120 days after the end of the program period, submits to the corporation documentation of the local governmental unit’s or university’s standard annual audit for every fiscal year in which the local governmental unit or university expended grant or loan funds under the program.

    Exempts local government units and universities from the reporting requirement if they meet certain auditing conditions.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Senate Amendment 1 offered by Senator Testin

  3. Public hearing held

  4. Representative Ortiz-Velez added as a cosponsor

  5. Read first time and referred to Committee on Government Operations, Labor and Economic Development

  6. Introduced by Senators Testin, Dassler-Alfheim, Ratcliff, Spreitzer and Wall; cosponsored by Representatives Armstrong, Gundrum, Joers, Kreibich, Melotik, O'Connor and Tranel

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

finance labor
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 SB 562 do?
An Act to amend 238.03 (3) (a); to create 238.03 (3m) of the statutes;
Who sponsors SB 562?
SB 562 is sponsored by Armstrong, Gundrum, Joers, Kreibich, Melotik, O'Connor, Tranel, Testin, Patrick (Republican), Dassler-Alfheim, Kristin (Democrat), Ratcliff, Melissa (Democrat), Spreitzer, Mark (Democrat), and Wall, Jamie (Democrat).
What is the current status of SB 562?
This bill has been introduced in the Senate. Introduced October 24, 2025. It must pass committee before a floor vote.
Where can I track SB 562?
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Last checked for changes 3 months ago · updated continuously

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