Assembly Bill 721
Escheat of abandoned U.S. savings bonds. (FE)
Became law
The governor signed it on Mar 31, 2016. It's .
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Introduced, passed
Jan 15, 2016
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Committee, passed
Approved
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Assembly vote, passed
Passed Feb 16, 2016
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Senate vote, passed
Passed Mar 15, 2016
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Governor, passed
Signed
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Law, here now
2015 Wisconsin Act 309
Latest entry in the official record, Mar 31, 2016: “Published 3-31-2016”
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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.
This bill provides that a U.S. savings bond that remains unredeemed for five years after final maturity is presumed abandoned and subject to the custody of this state under this state's version of the Uniform Unclaimed Property Act. The bill also provides that, if all of the following conditions apply, the Secretary of Revenue may commence an action for a determination that the bond is abandoned and for an order transferring ownership of the abandoned bond to this state:
1. The bond has been presumed abandoned for at least one year.
Read the full summary Show less
2. The bond is subject to the custody of this state as unclaimed property.
3. At least one year has elapsed since the secretary published notice of the name of the person appearing to be the owner of the bond.
The secretary must redeem the bond within three years after entry of the order transferring ownership of the bond. The proceeds from the redemption are deposited in the school fund.
At any time before the order is entered, the rightful owner may file a claim with the secretary for the bond's return. After the order is entered, the previous owner may file a claim with the secretary for return of the bond or payment of the amount for which the bond was redeemed, less administrative costs incurred by the secretary.
Who's behind it
12 lawmakers are its . All 12 are Republicans.
2 more lawmakers .
See all 14 names Hide the names
Authors (12)
- Alvin Ott · Republican, Assembly
- Joan Ballweg · Republican, Senate
- Janel Brandtjen · Republican, Assembly
- Mary Czaja · Republican, Assembly
- Edward Brooks · Republican, Assembly
- Cody Horlacher · Republican, Assembly
- Terry Katsma · Republican, Assembly
- Jesse Kremer · Republican, Assembly
- Scott Krug · Republican, Assembly
- John Macco · Republican, Assembly
- Dave Murphy · Republican, Assembly
- Romaine Quinn · Republican, Senate
Signed on in support (2)
- Howard Marklein · Republican, Senate
- Mark Miller · Democrat, Senate
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 were 3 votes on this bill.
Assembly Committee on State Affairs and Government Operations vote on an amendment
Passed, 13 to 0 · Feb 11, 2016
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report Assembly Substitute Amendment 1 adoption recommended by Committee on State Affairs and Government Operations, Ayes 13, Noes 0”. Official record · This vote on its own page
Assembly Committee on State Affairs and Government Operations vote to recommend it
Passed, 13 to 0 · Feb 11, 2016
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage as amended recommended by Committee on State Affairs and Government Operations, Ayes 13, 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
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Mar 31, 2016
The new law was published.
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Mar 31, 2016
The governor signed it. It became 2015 Wisconsin Act 309.
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Mar 29, 2016
Sent to the governor.
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Mar 15, 2016
The Senate passed it too.
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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)
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Feb 17, 2016
Sent to the Senate Committee on Senate Organization.
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Feb 17, 2016
The Senate received it.
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Feb 16, 2016
The Assembly passed it.
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Feb 16, 2016
The Assembly adopted it.
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Feb 11, 2016
Sent to the Assembly Committee on Rules.
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Feb 11, 2016
The committee voted to recommend passing it, 13 to 0.
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Feb 8, 2016
A state agency sent in its estimate of the cost.
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Jan 27, 2016
The committee held a public hearing.
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Jan 15, 2016
Sent to the Assembly Committee on State Affairs and Government Operations.
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Jan 15, 2016
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jan 15, 2016 · Assembly
Introduced by Representatives Katsma, Macco, Ballweg, Brandtjen, E. Brooks, Czaja, Horlacher, Kremer, Krug, Murphy, Quinn and A. Ott; cosponsored by Senators Marklein and Miller
- Jan 15, 2016 · Assembly
Read first time and referred to Committee on State Affairs and Government Operations
- Jan 27, 2016 · Assembly
Public hearing held
- Feb 4, 2016 · Assembly
Assembly Substitute Amendment 1 offered by Representative Katsma
- Feb 8, 2016 · Assembly
Fiscal estimate received
- Feb 10, 2016 · Assembly
Executive action taken
- Feb 11, 2016 · Assembly
Report Assembly Substitute Amendment 1 adoption recommended by Committee on State Affairs and Government Operations, Ayes 13, Noes 0
- Feb 11, 2016 · Assembly
Report passage as amended recommended by Committee on State Affairs and Government Operations, Ayes 13, Noes 0
- Feb 11, 2016 · Assembly
Referred to committee on Rules
- Feb 11, 2016 · Assembly
Placed on calendar 2-16-2016 by Committee on Rules
- Feb 16, 2016 · Assembly
Rules suspended to withdraw from calendar and take up
- Feb 16, 2016 · Assembly
Read a second time
- Feb 16, 2016 · Assembly
Assembly Substitute Amendment 1 adopted
- Feb 16, 2016 · Assembly
Ordered to a third reading
- Feb 16, 2016 · Assembly
Rules suspended
- Feb 16, 2016 · Assembly
Read a third time and passed
- Feb 16, 2016 · Assembly
Ordered immediately messaged
- Feb 17, 2016 · Senate
Received from Assembly
- Feb 17, 2016 · Senate
Read first time and referred to committee on Senate Organization
- Feb 17, 2016 · Senate
Available for scheduling
- Mar 14, 2016 · Senate
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
- Mar 14, 2016 · Senate
Placed on calendar 3-15-2016 pursuant to Senate Rule 18(1)
- Mar 15, 2016 · Senate
Read a second time
- Mar 15, 2016 · Senate
Ordered to a third reading
- Mar 15, 2016 · Senate
Rules suspended
- Mar 15, 2016 · Senate
Read a third time and concurred in
- Mar 15, 2016 · Senate
Ordered immediately messaged
- Mar 16, 2016 · Assembly
Received from Senate concurred in
- Mar 23, 2016 · Assembly
Report correctly enrolled on 3-23-2016
- Mar 29, 2016 · Assembly
Presented to the Governor on 3-29-2016
- Mar 31, 2016 · Assembly
Report approved by the Governor on 3-30-2016. 2015 Wisconsin Act 309
- 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
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