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WI SB989
WI SB989Funding for the Department of Financial Institutions for contributions to Trump accounts and making an appropriation. (FE)
summary
Introduced
02/06/2026
02/06/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
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 2025-27 fiscal biennium, specifically for contributions to "Trump accounts," but only if such contributions are explicitly permitted by state law. The DFI is the state agency responsible for regulating financial institutions. The bill proposes to increase the appropriation for the DFI by $60,000,000 for both the 2025-26 and 2026-27 fiscal years, with the condition that these funds can only be used for payments to Trump accounts if state statutes expressly authorize the DFI to make such contributions.
Committee Categories
Budget and Finance
Sponsors (10)
Rachael Cabral-Guevara (R)*,
Romaine Quinn (R)*,
Elijah Behnke (R),
Rick Gundrum (R),
Rob Kreibich (R),
Clint Moses (R),
Dave Murphy (R),
Jim Piwowarczyk (R),
Jessie Rodriguez (R),
Duke Tucker (R),
Last Action
Fiscal estimate received (on 02/24/2026)
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/sen/bill/sb989 |
| Fiscal Note - SB989: Fiscal Estimate From DFI | https://docs.legis.wisconsin.gov/2025/related/fe/sb989/sb989_dfi.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB989.pdf |
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