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WI AB997
WI AB997Funding for the Department of Financial Institutions for contributions to Trump accounts and making an appropriation. (FE)
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/25/2026
02/25/2026
Crossed Over
02/19/2026
02/19/2026
Passed
Dead
Introduced Session
Potential new amendment
2025-2026 Regular Session
Bill Summary
This bill provides $60,000,000 in annual funding in the 2025-27 fiscal biennium for the Department of Financial Institutions to make contributions to Trump accounts if these contributions are expressly authorized under state law. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill provides $60,000,000 in annual funding for the Department of Financial Institutions (DFI) for the 2025-2027 fiscal biennium, specifically for contributions to "Trump accounts," but only if such contributions are explicitly permitted by state law. The DFI is a state agency responsible for regulating financial institutions, and "Trump accounts" is a term used in this bill to refer to a specific type of account that the DFI would be authorized to contribute to, provided that authorization is established in existing statutes.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (11)
Elijah Behnke (R)*,
Rick Gundrum (R)*,
Rob Kreibich (R)*,
Dave Maxey (R)*,
Clint Moses (R)*,
Dave Murphy (R)*,
Jim Piwowarczyk (R)*,
Jessie Rodriguez (R)*,
Duke Tucker (R)*,
Rachael Cabral-Guevara (R),
Romaine Quinn (R),
Last Action
Public hearing held (on 03/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab997 |
| Fiscal Note - AB997: Fiscal Estimate From DFI | https://docs.legis.wisconsin.gov/2025/related/fe/ab997/ab997_dfi.pdf |
| Analysis - LC Amendment Memo | https://docs.legis.wisconsin.gov/document/lcamendmentmemos/2025/REG/AB997.pdf |
| Assembly Substitute Amendment 2 | https://docs.legis.wisconsin.gov/document/amends/2025/REG/AB997-ASA2.pdf |
| Assembly Substitute Amendment 1 | https://docs.legis.wisconsin.gov/document/amends/2025/REG/AB997-ASA1.pdf |
| AB997 ROCP for Committee on Financial Institutions | https://docs.legis.wisconsin.gov/2025/related/records/assembly/financial_institutions/1970966.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/AB997.pdf |
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