Wisconsin 2025 Regular Session Status: Introduced 1 D cosponsors

SB 951 — Relating to: creating the Office of Financial Technology Innovation in the Department of Financial Institutions and a cryptocurrency pilot project, granting rule-making authority, and making an appropriation. (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 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.

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Summary

An Act to renumber subchapter IV of chapter 224 [precedes 224.90]; to amend 15.01 (6), 15.02 (3) (c) 1., 186.235 (7) (b) 1m., 220.02 (2) (h), 220.06 (1m) and 551.608 (1); to create 15.185 (6), 20.144 (1) (c) and subchapter V of chapter 224 [precedes 224.881] of the statutes;

Bill Text

How this bill changes current law

8 changes Share ↗

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

The bill creates the Office of Financial Technology Innovation within the Department of Financial Institutions and establishes a cryptocurrency pilot project.

  • 15.01 (6)

    the office of financial technology innovation in the department of financial institutions,

    This addition specifies the Office of Financial Technology Innovation as a division within the Department of Financial Institutions.

  • 15.02 (3) (c) 1.

    the office of financial technology innovation in the department of financial institutions

    This inclusion identifies the Office of Financial Technology Innovation as a division in the state government structure.

  • 186.235 (7) (b) 1m.

    and the office of financial technology innovation

    This change allows the office of financial technology innovation to receive examination reports from the office of credit unions.

  • 220.02 (2) (h)

    Nondepository small business lenders under subch. IV → Nondepository small business lenders under subch. IV VI

    This amendment corrects a reference to the subchapter regarding nondepository small business lenders.

  • 220.06 (1m)

    No division employee may examine a bank or licensee in which that person is interested as a stockholder, officer, or emplo → No division employee may examine a bank or licensee in which that person is interested as a stockholder, officer, or employee.

    This change clarifies the prohibition against conflicts of interest for division employees involved in examinations.

  • 15.185 (6) OFFICE OF FINANCIAL TECHNOLOGY INNOVATION. There is created in the department of financial institutions an office of financial technology innovation.

    This creates the Office of Financial Technology Innovation within the Department of Financial Institutions.

  • 20.144 (1) (c) Supporting cryptocurrency in business.

    This establishes a funding mechanism for supporting cryptocurrency-related initiatives.

  • subchapter V FINANCIAL SERVICES INNOVATION

    This creates a new subchapter for financial services innovation, outlining definitions and duties for the new office.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Public hearing held

  3. Fiscal estimate received

  4. Read first time and referred to Committee on Utilities, Technology and Tourism

  5. Introduced by Senator Drake; cosponsored by Representative Rivera-Wagner

Sponsors

  • Rivera-Wagner · Cosponsor
  • Dora Drake · Primary

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 130 not signed on

Sponsors (1)

Co-sponsors (1)

  • Rivera-Wagner

Not signed on (130)

130 members have not signed on to this bill.

Show all 130 →

"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 technology
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 951 do?
An Act to renumber subchapter IV of chapter 224 [precedes 224.90]; to amend 15.01 (6), 15.02 (3) (c) 1., 186.235 (7) (b) 1m., 220.02 (2) (h), 220.06 (1m) and 551.608 (1); to create 15.185 (6), 20.144 (1) (c) and subchapter V of chapter 224 [precedes 224.881] of the statutes;
Who sponsors SB 951?
SB 951 is sponsored by Rivera-Wagner and Drake, Dora (Democrat).
What is the current status of SB 951?
This bill has been introduced in the Senate. Introduced February 06, 2026. It must pass committee before a floor vote.
Where can I track SB 951?
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Last checked for changes 3 months ago · updated continuously

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