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Bills from the 2015–16 session

Assembly Bill 668

Rights under certain agreements or qualified financial contracts

Became law

The governor signed it on Mar 31, 2016. It's ⁠.

  1. Introduced, passed

    Jan 11, 2016

  2. Committee, passed

    Approved

  3. Assembly vote, passed

    Passed Feb 9, 2016

  4. Senate vote, passed

    Passed Mar 15, 2016

  5. Governor, passed

    Signed

  6. Law, here now

    2015 Wisconsin Act 326

Latest entry in the official record, Mar 31, 2016: “Published 3-31-2016”

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.

This bill prohibits the staying or prevention of a person from exercising certain rights related to certain agreements and qualified financial contracts. After the appointment of a receiver in a rehabilitation or liquidation action against an insurer, current law prohibits the staying or prohibition from exercising certain rights under a qualified financial contract unless the person is notified that the contract has been sold or transferred under certain circumstances. The bill maintains that no person may be stayed or prohibited from exercising those specified rights but eliminates the specification on the time period and the exception for notification that the contract has been sold or transferred. The bill specifies that the prohibition on staying or preventing the exercise of those rights takes precedence over other rehabilitation and liquidation provisions in the statutes.

Who's behind it

Kevin Petersen, a Republican, is its ⁠.

2 more lawmakers ⁠.

See all 3 names

Author (1)

Signed on in support (2)

How lawmakers voted

There were 2 votes on this bill.

Assembly Committee on Insurance vote to recommend it

Passed, 15 to 0 · Jan 15, 2016

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 Insurance, Ayes 15, Noes 0”. Official record · This vote on its own page

Senate vote

Passed, 3 to 2 · Mar 14, 2016

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

Official motion: “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2”. Official record · This vote on its own page

What happened

  1. Mar 31, 2016

    The new law was published.

  2. Mar 31, 2016

    The governor signed it. It became 2015 Wisconsin Act 326.

  3. Mar 29, 2016

    Sent to the governor.

  4. Mar 15, 2016

    The Senate passed it too.

  5. Mar 14, 2016

    “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2” (the official wording)

  6. Feb 11, 2016

    Sent to the Senate Committee on Senate Organization.

  7. Feb 10, 2016

    The Senate received it.

  8. Feb 9, 2016

    The Assembly passed it.

  9. Jan 15, 2016

    Sent to the Assembly Committee on Rules.

  10. Jan 15, 2016

    The committee voted to recommend passing it, 15 to 0.

  11. Jan 14, 2016

    The committee held a public hearing.

  12. Jan 14, 2016

    1 more representative signed on in support.

  13. Jan 11, 2016

    Sent to the Assembly Committee on Insurance.

  14. Jan 11, 2016

    Introduced in the Assembly.

See the official record, word for word
  1. Jan 11, 2016 · Assembly

    Introduced by Representative Petersen; cosponsored by Senator Lasee

  2. Jan 11, 2016 · Assembly

    Read first time and referred to Committee on Insurance

  3. Jan 14, 2016 · Assembly

    Representative Steffen added as a coauthor

  4. Jan 14, 2016 · Assembly

    Public hearing held

  5. Jan 14, 2016 · Assembly

    Executive action taken

  6. Jan 15, 2016 · Assembly

    Report passage recommended by Committee on Insurance, Ayes 15, Noes 0

  7. Jan 15, 2016 · Assembly

    Referred to committee on Rules

  8. Feb 4, 2016 · Assembly

    Placed on calendar 2-9-2016 by Committee on Rules

  9. Feb 9, 2016 · Assembly

    Rules suspended to withdraw from calendar and take up

  10. Feb 9, 2016 · Assembly

    Read a second time

  11. Feb 9, 2016 · Assembly

    Ordered to a third reading

  12. Feb 9, 2016 · Assembly

    Rules suspended

  13. Feb 9, 2016 · Assembly

    Read a third time and passed

  14. Feb 9, 2016 · Assembly

    Ordered immediately messaged

  15. Feb 10, 2016 · Senate

    Received from Assembly

  16. Feb 11, 2016 · Senate

    Read first time and referred to committee on Senate Organization

  17. Feb 11, 2016 · Senate

    Available for scheduling

  18. Mar 14, 2016 · Senate

    Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

  19. Mar 14, 2016 · Senate

    Placed on calendar 3-15-2016 pursuant to Senate Rule 18(1)

  20. Mar 15, 2016 · Senate

    Read a second time

  21. Mar 15, 2016 · Senate

    Ordered to a third reading

  22. Mar 15, 2016 · Senate

    Rules suspended

  23. Mar 15, 2016 · Senate

    Read a third time and concurred in

  24. Mar 15, 2016 · Senate

    Ordered immediately messaged

  25. Mar 16, 2016 · Assembly

    Received from Senate concurred in

  26. Mar 23, 2016 · Assembly

    Report correctly enrolled on 3-23-2016

  27. Mar 29, 2016 · Assembly

    Presented to the Governor on 3-29-2016

  28. Mar 31, 2016 · Assembly

    Report approved by the Governor on 3-30-2016. 2015 Wisconsin Act 326

  29. Mar 31, 2016 · Assembly

    Published 3-31-2016

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