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Bills from the 2011–12 session

Senate Bill 356

The authority of credit unions to make donations and grants

Topics: Charitable corporation, Credit union

Became law

The governor signed it on Apr 3, 2012. It's ⁠.

  1. Introduced, passed

    Dec 30, 2011

  2. Committee, passed

    Approved

  3. Senate vote, passed

    Passed Jan 24, 2012

  4. Assembly vote, passed

    Passed Feb 16, 2012

  5. Governor, passed

    Signed

  6. Law, here now

    2011 Wisconsin Act 205

Latest entry in the official record, Apr 5, 2012: “Published 4-16-2012”

Read the bill

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What it does

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

Current law specifies various powers of credit unions. Among these powers, a credit union may make donations and grants, subject to the limitation that the total donations and grants may not exceed 0.5 percent of its regular reserves within the year.

This bill increases, from 0.5 percent to 1.0 percent, the limitation on the amount of donations and grants a credit union may make and requires that any donation or grant be approved by the credit union's board of directors based on a determination that the donation or grant is in the best interest of the credit union and is reasonable given the size and financial condition of the credit union.

Who's behind it

8 senators are its ⁠. 5 are Republicans and 3 are Democrats.

18 more lawmakers ⁠.

See all 26 names

Authors (8)

Signed on in support (18)

How lawmakers voted

There were 2 votes on this bill.

Senate Committee on Financial Institutions and Rural Issues vote to recommend it

Passed, 5 to 0 · Jan 12, 2012

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

Official motion: “Report passage recommended by committee on Financial Institutions and Rural Issues, Ayes 5, Noes 0”. Official record · This vote on its own page

Assembly Committee on Financial Institutions vote to recommend it

Passed, 13 to 0 · Feb 13, 2012

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

Official motion: “Report concurrence recommended by committee on Financial Institutions, Ayes 13, Noes 0”. Official record · This vote on its own page

What happened

  1. Apr 5, 2012

    The new law was published.

  2. Apr 3, 2012

    The governor signed it. It became 2011 Wisconsin Act 205.

  3. Mar 30, 2012

    Sent to the governor.

  4. Feb 22, 2012

    8 more representatives signed on in support.

  5. Feb 16, 2012

    The Assembly passed it too.

  6. Feb 13, 2012

    Sent to the Assembly Committee on Rules.

  7. Feb 13, 2012

    The committee voted to recommend passing it, 13 to 0.

  8. Feb 1, 2012

    The committee held a public hearing.

  9. Jan 24, 2012

    Sent to the Assembly Committee on Financial Institutions.

  10. Jan 24, 2012

    The Assembly received it.

  11. Jan 24, 2012

    The Senate passed it.

  12. Jan 24, 2012

    1 more senator signed on in support.

  13. Jan 12, 2012

    The committee voted to recommend passing it, 5 to 0.

  14. Jan 4, 2012

    The committee held a public hearing.

  15. Dec 30, 2011

    Sent to the Senate Committee on Financial Institutions and Rural Issues.

  16. Dec 30, 2011

    Introduced in the Senate.

See the official record, word for word
  1. Dec 30, 2011 · Senate

    Introduced by Senators Grothman, Lassa, Schultz, S. Coggs, Wanggaard, Moulton, Hansen and Cowles;Cosponsored by Representatives Kooyenga, Krug, Jacque, Spanbauer, Kerkman, A. Ott, Stroebel, Wynn, Molepske Jr, Tauchen, Fields, C. Taylor, LeMahieu, Bewley, Kaufert and Endsley

  2. Dec 30, 2011 · Senate

    Read first time and referred to committee on Financial Institutions and Rural Issues

  3. Jan 4, 2012 · Senate

    Public hearing held

  4. Jan 11, 2012 · Senate

    Executive action taken

  5. Jan 12, 2012 · Senate

    Report passage recommended by committee on Financial Institutions and Rural Issues, Ayes 5, Noes 0

  6. Jan 12, 2012 · Senate

    Available for scheduling

  7. Jan 23, 2012 · Senate

    Placed on calendar 1-24-2012 pursuant to Senate Rule 18(1)

  8. Jan 24, 2012 · Senate

    Senator Vinehout added as a coauthor

  9. Jan 24, 2012 · Senate

    Read a second time

  10. Jan 24, 2012 · Senate

    Ordered to a third reading

  11. Jan 24, 2012 · Senate

    Rules suspended

  12. Jan 24, 2012 · Senate

    Read a third time and passed

  13. Jan 24, 2012 · Senate

    Ordered immediately messaged

  14. Jan 24, 2012 · Assembly

    Received from Senate

  15. Jan 24, 2012 · Assembly

    Read first time and referred to committee on Financial Institutions

  16. Feb 1, 2012 · Assembly

    Public hearing held

  17. Feb 1, 2012 · Assembly

    Executive action taken

  18. Feb 13, 2012 · Assembly

    Report concurrence recommended by committee on Financial Institutions, Ayes 13, Noes 0

  19. Feb 13, 2012 · Assembly

    Referred to committee on Rules

  20. Feb 14, 2012 · Assembly

    Placed on calendar 2-16-2012 by committee on Rules

  21. Feb 16, 2012 · Assembly

    Read a second time

  22. Feb 16, 2012 · Assembly

    Ordered to a third reading

  23. Feb 16, 2012 · Assembly

    Rules suspended

  24. Feb 16, 2012 · Assembly

    Read a third time and concurred in

  25. Feb 16, 2012 · Assembly

    Ordered immediately messaged

  26. Feb 17, 2012 · Senate

    Received from Assembly concurred in

  27. Feb 22, 2012 · Senate

    Representatives Brooks, Staskunas, Nygren, Craig, Danou, Honadel, Pocan and Zepnick added as a cosponsors

  28. Mar 1, 2012 · Senate

    Report correctly enrolled on 3-1-2012

  29. Mar 30, 2012 · Senate

    Presented to the Governor on 3-30-2012

  30. Apr 3, 2012 · Senate

    Report approved by the Governor on 4-2-2012. 2011 Wisconsin Act 205

  31. Apr 5, 2012 · Senate

    Published 4-16-2012

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

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