Assembly Bill 58
Bank service corporations and credit union service organizations. (FE)
Became law
The governor signed it on Jul 8, 2013. It's .
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Introduced, passed
Mar 7, 2013
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Committee, passed
Approved
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Assembly vote, passed
Passed Apr 9, 2013
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Senate vote, passed
Passed May 14, 2013
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Governor, passed
Signed
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Law, here now
2013 Wisconsin Act 22
Latest entry in the official record, Jul 8, 2013: “Published 7-6-2013”
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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
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
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, two or more banks may organize a corporation to perform bank services (bank service corporation) by investing not more than 10 percent of each bank's capital in the bank service corporation and holding the capital stock of the bank service corporation. A bank service corporation may perform bank services for banks, but may not engage in any other activity. "Bank services" are defined to mean check and deposit sorting and posting; computation and posting of interest and other credits and charges; preparation and mailing of checks, statements, notices, and similar items; or any other clerical, bookkeeping, accounting, statistical, or other similar functions performed for a bank. In addition to using a bank service corporation, a bank may contract to have performed for the bank any bank service if both the bank and the contractor assure the Division of Banking (division) in the Department of Financial Institutions (DFI) that the performance of the service will be subject to regulation and examination by the division to the same extent as if the service were performed by the bank.
Also under current law, a bank that has not organized a bank service corporation (nonparticipant bank) and that is competitive with banks that have organized a bank service corporation may obtain bank services from the bank service corporation by, at the nonparticipant bank's option, either: 1) acquiring an ownership interest in the bank service corporation, or 2) obtaining the bank service at a rate no higher than necessary to fairly reflect the cost of the service, including the cost of capital contributions of the bank service corporation owners. However, the bank service corporation may deny a bank service to the nonparticipant bank if the bank service is available from another source at a competitive cost or if providing the bank service to the nonparticipant bank would be beyond the practical capacity of the bank service corporation.
Read the full summary Show less
This bill expands the definition of "bank services" to specifically include auditing, compliance, loan documentation, administrative, and technology functions performed for a bank, as well as any other service established by the division. The bill allows the division to establish additional services as "bank services" if the services are related to the routine daily operations of banks. The division is not required to engage in rule-making to establish additional services as "bank services." If a bank files a written request with the division to establish additional services as "bank services," the division must approve or disapprove the request within 60 days after receiving the request.
The bill also repeals the requirement that a bank service corporation provide bank services to nonparticipant banks.
Current law allows credit unions to invest in credit union service organizations (CUSOs), which may provide specified services related to the routine daily operations of credit unions. The Office of Credit Unions (OCU) in DFI may expand this list of permissible services provided by CUSOs. This bill specifies that OCU is not required to engage in rule-making to expand this list of permissible services.
Who's behind it
10 lawmakers are its . 6 are Republicans and 4 are Democrats.
6 more lawmakers .
See all 16 names Hide the names
Authors (10)
- David Craig · Republican, Senate
- Mary Czaja · Republican, Assembly
- Eric Genrich · Democrat, Assembly
- André Jacque · Republican, Senate
- Robb Kahl · Democrat, Assembly
- Howard Marklein · Republican, Senate
- Tod Ohnstad · Democrat, Assembly
- Joe Sanfelippo · Republican, Assembly
- Chad Weininger · Republican, Assembly
- Josh Zepnick · Democrat, Assembly
Signed on in support (6)
- Barca, Vruwink, Wright, Hintz, Wachs, Bernard Schaber, Sargent, Barnes, Kolste, Bies, Jagler, Spiros, Tittl and Williams
- Glenn Grothman · Republican, Senate
- Frank G. Lasee · Republican, Senate
- Julie M. Lassa · Democrat, Senate
- Jerry Petrowski · Republican, Senate
- Dale Schultz · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There were 2 votes on this bill.
Assembly Committee on Financial Institutions vote to recommend it
Passed, 12 to 0 · Apr 1, 2013
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, Ayes 12, Noes 0”. Official record · This vote on its own page
Senate Committee on Financial Institutions and Rural Issues vote to recommend it
Passed, 5 to 0 · May 6, 2013
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 and Rural Issues, Ayes 5, Noes 0”. Official record · This vote on its own page
What happened
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Jul 8, 2013
The new law was published.
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Jul 8, 2013
The governor signed it. It became 2013 Wisconsin Act 22.
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Jul 3, 2013
Sent to the governor.
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May 14, 2013
The Senate passed it too.
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May 6, 2013
The committee voted to recommend passing it, 5 to 0.
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May 1, 2013
The committee held a public hearing.
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Apr 17, 2013
Sent to the Senate Committee on Financial Institutions and Rural Issues.
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Apr 9, 2013
The Senate received it.
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Apr 9, 2013
The Assembly passed it.
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Apr 9, 2013
14 more representatives signed on in support.
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Apr 1, 2013
Sent to the Assembly Committee on Rules.
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Apr 1, 2013
The committee voted to recommend passing it, 12 to 0.
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Mar 13, 2013
The committee held a public hearing.
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Mar 12, 2013
A state agency sent in its estimate of the cost.
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Mar 7, 2013
1 more senator signed on in support.
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Mar 7, 2013
Sent to the Assembly Committee on Financial Institutions.
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Mar 7, 2013
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Mar 7, 2013 · Assembly
Introduced by Representatives Craig, Marklein, Czaja, Genrich, Jacque, Kahl, Ohnstad, Sanfelippo, Zepnick and Weininger; cosponsored by Senators Schultz, Lasee, Grothman and Petrowski
- Mar 7, 2013 · Assembly
Read first time and referred to Committee on Financial Institutions
- Mar 7, 2013 · Assembly
Senator Lassa added as a cosponsor
- Mar 12, 2013 · Assembly
Fiscal estimate received
- Mar 13, 2013 · Assembly
Public hearing held
- Mar 27, 2013 · Assembly
Executive session held
- Apr 1, 2013 · Assembly
Report passage recommended by Committee on Financial Institutions, Ayes 12, Noes 0
- Apr 1, 2013 · Assembly
Referred to Committee on Rules
- Apr 4, 2013 · Assembly
Placed on calendar 4-9-2013 by Committee on Rules
- Apr 9, 2013 · Assembly
Read a second time
- Apr 9, 2013 · Assembly
Ordered to a third reading
- Apr 9, 2013 · Assembly
Rules suspended
- Apr 9, 2013 · Assembly
Representatives Barca, Vruwink, Wright, Hintz, Wachs, Bernard Schaber, Sargent, Barnes, Kolste, Bies, Jagler, Spiros, Tittl and Williams added as coauthors
- Apr 9, 2013 · Assembly
Read a third time and passed
- Apr 9, 2013 · Assembly
Ordered immediately messaged
- Apr 9, 2013 · Senate
Received from Assembly
- Apr 17, 2013 · Senate
Read first time and referred to committee on Financial Institutions and Rural Issues
- May 1, 2013 · Senate
Public hearing held
- May 6, 2013 · Senate
Executive action taken
- May 6, 2013 · Senate
Report concurrence recommended by Committee on Financial Institutions and Rural Issues, Ayes 5, Noes 0
- May 6, 2013 · Senate
Available for scheduling
- May 13, 2013 · Senate
Placed on calendar 5-14-2013 pursuant to Senate Rule 18(1)
- May 14, 2013 · Senate
Read a second time
- May 14, 2013 · Senate
Ordered to a third reading
- May 14, 2013 · Senate
Rules suspended
- May 14, 2013 · Senate
Read a third time and concurred in
- May 14, 2013 · Senate
Ordered immediately messaged
- May 14, 2013 · Assembly
Received from Senate concurred in
- May 16, 2013 · Assembly
Report correctly enrolled on 5-16-2013
- Jul 3, 2013 · Assembly
Presented to the Governor on 7-3-2013
- Jul 8, 2013 · Assembly
Report approved by the Governor on 7-5-2013. 2013 Wisconsin Act 22
- Jul 8, 2013 · Assembly
Published 7-6-2013
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
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
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
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote