Senate Bill 604
Defining political subdivision of a state for purposes of the Wisconsin Uniform Securities Law
Topics: Municipality, School: Employee, Securities: Regulation
Became law
The governor signed it on May 14, 2010. It's .
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Introduced, passed
Mar 9, 2010
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Committee, passed
Approved
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Senate vote, passed
Passed Apr 15, 2010
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Assembly vote, passed
Passed Apr 20, 2010
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Governor, passed
Signed
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Law, here now
2009 Wisconsin Act 345
Latest entry in the official record, May 17, 2010: “Published 5-27-2010”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, with certain exceptions, a person may not offer or sell a security in this state unless the security is registered with the Division of Securities (division) in the Department of Financial Institutions. Certain exceptions apply to securities issued, insured, or guaranteed by political subdivisions of states or by certain foreign governments or their political subdivisions, and to sales and offers to sell to institutional investors. In addition, broker-dealers and investment advisors are exempt from a requirement under current law to register with the division if they deal in this state exclusively with specified persons, including institutional investors. Current law also exempts certain investment advisors registered under federal law from filing a required notice with the division if they do not have a place of business in this state and they deal in this state exclusively with specified persons, including institutional investors. Current law defines "institutional investor" to include certain employee benefits plans of a political subdivision of a state, but does not define "political subdivision."
This bill defines what constitutes a political subdivision of this state for purposes of the provisions of current law described above. Under this bill, "political subdivision of a state" means, with respect to this state, a city, village, town, or county.
Who's behind it
Bob Wirch, a Democrat, is its .
2 more lawmakers .
See all 3 names Hide the names
Author (1)
- Bob Wirch · Democrat, Senate
Signed on in support (2)
- Peter Barca · Democrat, Assembly
- John Steinbrink · Democrat, Assembly
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
How lawmakers voted
There was one vote on this bill.
Senate Committee on Ethics Reform and Government Operations vote on an amendment
Passed, 5 to 0 · Apr 9, 2010
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report adoption of Senate Amendment 1 recommended by committee on Ethics Reform and Government Operations, Ayes 5, Noes 0”. Official record · This vote on its own page
What happened
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May 17, 2010
The new law was published.
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May 14, 2010
The governor signed it. It became 2009 Wisconsin Act 345.
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May 11, 2010
Sent to the governor.
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Apr 20, 2010
The Assembly passed it too.
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Apr 15, 2010
1 more representative signed on in support.
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Apr 15, 2010
Sent to the Assembly Committee on Rules.
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Apr 15, 2010
The Assembly received it.
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Apr 15, 2010
The Senate passed it.
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Apr 15, 2010
The Senate adopted it.
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Apr 9, 2010
The committee voted to recommend passing it, 5 to 0.
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Apr 9, 2010
“Report adoption of Senate Amendment 1 recommended by committee on Ethics Reform and Government Operations, Ayes 5, Noes 0” (the official wording)
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Apr 6, 2010
The committee held a public hearing.
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Mar 9, 2010
Sent to the Senate Committee on Ethics Reform and Government Operations.
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Mar 9, 2010
Introduced in the Senate.
See the official record, word for word Hide the official record
- Mar 9, 2010 · Senate
Introduced by Senator Wirch;Cosponsored by Representative Barca
- Mar 9, 2010 · Senate
Read first time and referred to committee on Ethics Reform and Government Operations
- Apr 5, 2010 · Senate
Senate amendment 1 offered by Senator Wirch
- Apr 6, 2010 · Senate
Public hearing held
- Apr 8, 2010 · Senate
Executive action taken
- Apr 9, 2010 · Senate
Report adoption of Senate Amendment 1 recommended by committee on Ethics Reform and Government Operations, Ayes 5, Noes 0
- Apr 9, 2010 · Senate
Report passage as amended recommended by committee on Ethics Reform and Government Operations, Ayes 5, Noes 0
- Apr 9, 2010 · Senate
Available for scheduling
- Apr 14, 2010 · Senate
Placed on calendar 4-15-2010 pursuant to Senate Rule 18(1)
- Apr 15, 2010 · Senate
Read a second time
- Apr 15, 2010 · Senate
Senate amendment 1 adopted
- Apr 15, 2010 · Senate
Ordered to a third reading
- Apr 15, 2010 · Senate
Rules suspended
- Apr 15, 2010 · Senate
Read a third time and passed
- Apr 15, 2010 · Senate
Ordered immediately messaged
- Apr 15, 2010 · Assembly
Received from Senate
- Apr 15, 2010 · Assembly
Read first time and referred to committee on Rules
- Apr 15, 2010 · Assembly
Representative Steinbrink added as a cosponsor
- Apr 15, 2010 · Assembly
Made a special order of business at 12:08 P.M. on 4-20-2010 pursuant to Assembly Resolution 23
- Apr 20, 2010 · Assembly
Read a second time
- Apr 20, 2010 · Assembly
Ordered to a third reading
- Apr 20, 2010 · Assembly
Rules suspended
- Apr 20, 2010 · Assembly
Read a third time and concurred in
- Apr 20, 2010 · Assembly
Ordered immediately messaged
- Apr 21, 2010 · Senate
Received from Assembly concurred in
- Apr 27, 2010 · Senate
Report correctly enrolled on 4-27-2010
- May 11, 2010 · Senate
Presented to the Governor on 5-11-2010
- May 14, 2010 · Senate
Report approved by the Governor on 5-13-2010. 2009 Wisconsin Act 345
- May 17, 2010 · Senate
Published 5-27-2010
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote