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Bills from the 2011–12 session

Assembly Bill 294

Small business loan guarantees by the Wisconsin Housing and Economic Development Authority

Topics: Business, Housing and Economic Development Authority, Wisconsin, Loan

Stopped before the full Assembly voted

The recommended passing it, but the full Assembly never voted on it. To try again, a lawmaker would have to start a new bill.

  1. Introduced, passed

    Sep 29, 2011

  2. Committee, passed

    Approved

  3. Assembly vote, stopped here

    Stopped here. The full Assembly never voted on it.

  4. Senate vote, not reached

  5. Governor, not reached

  6. Law, not reached

Latest entry in the official record, Mar 23, 2012: “Failed to pass pursuant to ⁠”

Read the bill

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What it would have done

Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.

Under current law, the Wisconsin Housing and Economic Development Authority (WHEDA) administers the small business development loan guarantee program (program). Under the program, WHEDA may guarantee repayment of up to the lesser of $200,000 or 80 percent of the principal of a loan made by a private lender to a small business or the elected governing body of a federally recognized American Indian tribe in this state. A small business development loan that is guaranteed by WHEDA may be used for expenses associated with the expansion or acquisition of a business, with the start-up of a day care business, or the start-up of a small business in a vacant storefront in the downtown area of a rural community.

Under current law, a "small business" means a business that employs fewer than 50 full-time employees.

Read the full summary

This bill makes the following changes to the program:

1. The cap on the amount of a loan that may be guaranteed under the program is raised from $200,000 or 80 percent of the principal of the loan to $500,000 or 80 percent of the principal of the loan.

2. The definition of "small business" is expanded from businesses that employ up to 50 full-time employees to businesses that employ up to 250 full-time employees.

3. The requirement that the owner of a small business be actively engaged in the small business in order to qualify for the program is deleted.

4. The permitted use of proceeds of a loan for the start-up of a small business in a vacant storefront in a downtown area is expanded to apply to a community of any size by removing the limitation to rural communities.

Who's behind it

15 lawmakers are its ⁠. All 15 are Republicans.

1 more lawmaker ⁠.

See all 16 names

Authors (15)

Signed on in support (1)

What it would cost

State agencies filed a . Each opens as a PDF from the Legislature.

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.

Assembly Committee on Rural Economic Development and Rural Affairs vote on an amendment

Passed, 14 to 0 · Oct 20, 2011

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report Assembly Amendment 2 adoption recommended by committee on Rural Economic Development and Rural Affairs, Ayes 14, Noes 0”. Official record · This vote on its own page

What happened

  1. Mar 23, 2012

    The session ended, and the bill died with it.

  2. Oct 20, 2011

    Sent to the Assembly Committee on Rules.

  3. Oct 20, 2011

    The committee voted to recommend passing it, 10 to 4.

  4. Oct 12, 2011

    The committee held a public hearing.

  5. Oct 10, 2011

    A state agency sent in its estimate of the cost.

  6. Sep 29, 2011

    Sent to the Assembly Committee on Rural Economic Development and Rural Affairs.

  7. Sep 29, 2011

    Introduced in the Assembly.

See the official record, word for word
  1. Sep 29, 2011 · Assembly

    Introduced by Representatives Petryk, Bernier, T. Larson, Krug, Rivard, Bies, Nerison, Marklein, Steineke, Murtha, Endsley, Williams, Loudenbeck, Ripp and Tranel;Cosponsored by Senator Leibham

  2. Sep 29, 2011 · Assembly

    Read first time and referred to committee on Rural Economic Development and Rural Affairs

  3. Oct 10, 2011 · Assembly

    Fiscal estimate received

  4. Oct 11, 2011 · Assembly

    Assembly amendment 1 offered by Representative Petryk

  5. Oct 12, 2011 · Assembly

    Public hearing held

  6. Oct 13, 2011 · Assembly

    Assembly amendment 2 offered by Representative Petryk

  7. Oct 17, 2011 · Assembly

    Assembly amendment 3 offered by Representative Radcliffe

  8. Oct 17, 2011 · Assembly

    Assembly amendment 4 offered by Representative Vruwink

  9. Oct 17, 2011 · Assembly

    Assembly amendment 5 offered by Representative Danou

  10. Oct 18, 2011 · Assembly

    Assembly amendment 6 offered by Representative Ringhand

  11. Oct 19, 2011 · Assembly

    Executive action taken

  12. Oct 20, 2011 · Assembly

    Report Assembly Amendment 2 adoption recommended by committee on Rural Economic Development and Rural Affairs, Ayes 14, Noes 0

  13. Oct 20, 2011 · Assembly

    Report passage as amended recommended by committee on Rural Economic Development and Rural Affairs, Ayes 10, Noes 4

  14. Oct 20, 2011 · Assembly

    Referred to committee on Rules

  15. Mar 23, 2012 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1

Terms on this page

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

More in the glossary

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1. 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

Cost estimate

A state agency's estimate of what a bill would cost or save.

Official term: Fiscal estimate. 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

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

More in the glossary

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1

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

Cost estimate

A state agency's estimate of what a bill would cost or save.

Official term: Fiscal estimate

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