Wisconsin 2025 Regular Session Status: Introduced Bipartisan · 8 D · 1 R cosponsors

SB 752 — Relating to: creating a WisKids savings account program within the college savings program. (FE)

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

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  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 December 12, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Advancing 54% · 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.

  • 24 sponsors

    1 primary, 23 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (8 D · 1 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

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 224.50 (2) (a) and 224.50 (3) (bm); to create 69.20 (3) (b) 6. and 224.50 (3m) of the statutes;

Bill Text

How this bill changes current law

4 changes Share ↗

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

This bill creates a WisKids savings account program within the college savings program and modifies existing provisions related to account contributions and information sharing.

  • 69.20 (3) (b)

    6. The information is from a birth record of a registrant born in this state whose birthing parent resided in this state at the time of birth and is submitted to the department of financial institutions for the purpose of administering s. 224.50 (3m). At a minimum, the state registrar shall disclose to the department of financial institutions for non-impounded records of newly registered births, at least every 6 months, the name of the child, the child’s date of birth, the birth record state file number, and the name and address of the parent who gave birth to the child, if the record is not flagged as a safe haven, surrogate birth, or intended or completed adoption, if the record is not flagged for “do not contact,” and if the child who is the subject of the record is not known to be deceased.

    This establishes a new category of information that can be disclosed to facilitate the administration of the WisKids savings account program.

  • 224.50 (2) (a)

    establish and administer a college savings program that allows an individual, trust, legal guardian, or entity described under 26 USC 529 (e) (1) (C) to establish a college savings account for the purposes set forth in 26 USC 529. → establish and administer a college savings program that allows an individual, trust, legal guardian, or entity described under 26 USC 529 (e) (1) (C) to establish a college savings account for the purposes set forth in 26 USC 529, and subject to sub. (3m);

    This addition makes the college savings program subject to the new WisKids savings account program provisions.

  • 224.50 (3) (bm)

    This contribution limitation applies to all accounts that are established on and after that date, and to all accounts that are in existence on that date that have not yet reached the balance limit specified in this paragraph, subject to the annual increase described in sub. (2) (i), → subject to the annual increase described in sub. (2) (i), except that this paragraph does not apply to an account established under sub. (3m) (b).

    This change ensures that the contribution limitation does not apply to accounts established under the new WisKids savings account program.

  • 224.50 (3m)

    WIKIDSSAVINGS ACCOUNT PROGRAM. (a) In this subsection: 1. “Parent” means any of the following: a. A child’s parent as identified or updated in the child’s record of birth or a court’s adoption order relating to the child or as subsequently updated in the records of the department or in the system of vital records, as defined in s. 69.01 (25) (a). b. A child’s parent as identified in a notice provided to the department under par. (c) 2. or 3. 2. “Program participant” means a child for whom the department has made a deposit under par. (c) 1. or 2. or established an account under par. (c) 3. and for whom the department maintains an accounting under par. (d). 3. “Qualified higher education expenses” has the meaning given in 26 USC 529 (e) (3) and includes the meaning under 26 USC 529 (c) (8) and (9) but excludes the meaning under 26 USC 529 (c) (7). (b) The department shall establish a master holding account, and may establish interim holding accounts or additional accounts, under this section. The department may make transfers to the master holding account or an interim holding account for the purpose of meeting current and anticipated future obligations to make deposits under this subsection. The department may enter an agreement with the program vendor under s. 224.51 or one or more other financial institutions to maintain such accounts. (c) 1. Subject to subd. 5. and pars. (e), (f), and (m) 2., upon receiving notice that a child identified in a birth record provided under s. 69.20 (3) (b) 6. has been designated as a beneficiary of a college savings account established under sub. (2) (a) before the child has reached 10 years of age, the department shall deposit at least $25 into an account established under par. (b) for the child.

    This creates a new WisKids savings account program with specific rules about account establishment and contributions based on children's birth information.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Representative J. Jacobson added as a cosponsor

  3. Senator Dassler-Alfheim added as a coauthor

  4. Fiscal estimate received

  5. Available for scheduling

  6. Report passage recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

  7. Executive action taken

  8. Representative Billings added as a cosponsor

  9. Public hearing held

  10. Representative Mayadev added as a cosponsor

  11. Representative Ortiz-Velez added as a cosponsor

  12. Fiscal estimate received

  13. Read first time and referred to Committee on Financial Institutions and Sporting Heritage

  14. Introduced by Senators Cabral-Guevara, Hesselbein, Carpenter, Keyeski, Larson, Ratcliff, Roys, Spreitzer and L. Johnson; cosponsored by Representatives Behnke, Joers, Anderson, DeSmidt, Goodwin, Gundrum, Kaufert, Knodl, Kreibich, McCarville, Piwowarczyk, Snodgrass, Stroud, Subeck and Udell

Sponsors

Sponsorship breakdown

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1 sponsors · 23 co-sponsors · 108 not signed on

Sponsors (1)

Co-sponsors (23)

Not signed on (108)

108 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

Votes

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

What does SB 752 do?
An Act to amend 224.50 (2) (a) and 224.50 (3) (bm); to create 69.20 (3) (b) 6. and 224.50 (3m) of the statutes;
Who sponsors SB 752?
SB 752 is sponsored by Cabral-Guevara, Rachael (Republican), Behnke, Joers, DeSmidt, Goodwin, Gundrum, Kaufert, Knodl, Kreibich, McCarville, Piwowarczyk, Snodgrass, Stroud, Subeck, Udell, Hesselbein, Dianne (Democrat), Carpenter, Tim (Democrat), Keyeski, Sarah (Democrat), Larson, Chris (Democrat), Ratcliff, Melissa (Democrat), Roys, Kelda (Democrat), Spreitzer, Mark (Democrat), Johnson, LaTonya (Democrat), and ANDERSON, J.
What is the current status of SB 752?
This bill has been introduced in the Senate. Introduced December 12, 2025. It must pass committee before a floor vote.
Where can I track SB 752?
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