Senate Bill 220
Interest rates on payday loans
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Mar 16, 2021
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 15, 2022: “Failed to pass pursuant to ”
It never got a hearing in the Senate Committee on Government Operations, Legal Review and Consumer Protection. See every bill that never got a hearing this session.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill limits the maximum interest rate that may be charged on a payday loan.
Under current law, a person must be licensed by the Division of Banking (division) in the Department of Financial Institutions to originate or service a payday loan involving a Wisconsin resident. Current law does not impose a limit on the interest that a payday loan licensee may charge, before the maturity date, on a payday loan. If a payday loan is not paid in full by the maturity date, current law prohibits a licensee from charging interest after the maturity date in excess of 2.75 percent per month. A payday loan under which a greater rate of interest is charged after the maturity date is not enforceable.
Read the full summary Show less
This bill limits the interest rate that a payday loan licensee may charge, before the maturity date, on a payday loan to an annual percentage rate of 36 percent. A payday loan on which a greater rate of interest is charged is not enforceable.
Who's behind it
3 senators are its . 2 are Democrats and 1 is a Republican.
13 more lawmakers .
See all 16 names Hide the names
Authors (3)
- Tim Carpenter · Democrat, Senate
- André Jacque · Republican, Senate
- Jeff Smith · Democrat, Senate
Signed on in support (13)
- Scott Allen · Republican, Assembly
- Deb Andraca · Democrat, Assembly
- Dave Armstrong · Republican, Assembly
- David Bowen · Democrat, Assembly
- Rachael Cabral-Guevara · Republican, Senate
- Alex Dallman · Republican, Assembly
- Gordon Hintz · Democrat, Assembly
- Cody Horlacher · Republican, Assembly
- Clint Moses · Republican, Assembly
- Greta Neubauer · Democrat, Assembly
- Donna Rozar · Republican, Assembly
- Mark Spreitzer · Democrat, Senate
- Jeremy Thiesfeldt · Republican, Assembly
What happened
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Mar 15, 2022
The session ended, and the bill died with it.
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Apr 1, 2021 to Apr 14, 2021
2 more representatives signed on in support.
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Mar 16, 2021
Sent to the Senate Committee on Government Operations, Legal Review and Consumer Protection.
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Mar 16, 2021
Introduced in the Senate.
See the official record, word for word Hide the official record
- Mar 16, 2021 · Senate
Introduced by Senators Jacque, Carpenter and Smith; cosponsored by Representatives Allen, Cabral-Guevara, Armstrong, Dallman, Hintz, Horlacher, Moses, Rozar, Thiesfeldt, Spreitzer and Neubauer
- Mar 16, 2021 · Senate
Read first time and referred to Committee on Government Operations, Legal Review and Consumer Protection
- Apr 1, 2021 · Senate
Representative Andraca added as a cosponsor
- Apr 14, 2021 · Senate
Representative Bowen added as a cosponsor
- Mar 15, 2022 · Senate
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.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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
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.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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
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