Assembly Bill 890
Fund of funds investment program. (FE)
Became law
The governor signed it on Mar 1, 2024. It's .
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Introduced, passed
Jan 2, 2024
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Committee, passed
Approved
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Assembly vote, passed
Passed Jan 25, 2024
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Senate vote, passed
Passed Feb 13, 2024
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Governor, passed
Signed
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Law, here now
2023 Wisconsin Act 98
Latest entry in the official record, Mar 1, 2024: “Published 3-1-2024”
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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 requires the investment manager of the Badger fund of funds to do all of the following: 1) hold in escrow gross proceeds from its investments of $25,000,000 received in fiscal year 2013-14 and its investments of $25,000,000 received in fiscal year 2023-24 until the manager has allocated 90 percent of the gross proceeds to investments in venture capital funds headquartered in this state; and 2) provide a progress report no later than March 1, 2024, to the joint committee on finance.
This bill also provides that the investment manager's management fee may not exceed 1 percent of the sum of the following: the $25,000,000 received by the investment manager from the state in fiscal year 2013-14 and the first $5,000,000 raised from other sources; the $25,000,000 received by the investment manager from the state in fiscal year 2023-24; and any amounts reinvested by the Badger fund of funds through the proceeds of its prior investments.
Who's behind it
7 representatives are its . All 7 are Republicans.
6 more lawmakers .
See all 13 names Hide the names
Authors (7)
- Barbara Dittrich · Republican, Assembly
- Cindi Duchow · Republican, Assembly
- Clint Moses · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Will Penterman · Republican, Assembly
- Bob Wittke · Republican, Assembly
- Shannon Zimmerman · Republican, Assembly
Signed on in support (6)
- Mary Felzkowski · Republican, Senate
- Dan Feyen · Republican, Senate
- Gus Gustafson · Republican, Assembly
- Nik Rettinger · Republican, Assembly
- Katrina Shankland · Democrat, Assembly
- Patrick Testin · 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 State Affairs vote to recommend it
Passed, 14 to 0 · Jan 22, 2024
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 State Affairs, Ayes 14, Noes 0”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Feb 9, 2024
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 1, 2024
The new law was published.
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Mar 1, 2024
The governor signed it. It became 2023 Wisconsin Act 98.
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Feb 26, 2024
Sent to the governor.
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Feb 13, 2024
The Senate passed it too.
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Feb 13, 2024
Sent to the Joint Committee on Finance.
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Feb 9, 2024
“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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Jan 26, 2024
Sent to the Senate Committee on Senate Organization.
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Jan 25, 2024
The Senate received it.
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Jan 25, 2024
1 more representative signed on in support.
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Jan 25, 2024
The Assembly passed it.
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Jan 22, 2024
A state agency sent in its estimate of the cost.
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Jan 22, 2024
Sent to the Assembly Committee on Rules.
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Jan 22, 2024
The committee voted to recommend passing it, 14 to 0.
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Jan 17, 2024
1 more representative signed on in support.
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Jan 10, 2024
The committee held a public hearing.
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Jan 3, 2024
1 more representative signed on in support.
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Jan 2, 2024
Sent to the Assembly Committee on State Affairs.
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Jan 2, 2024
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jan 2, 2024 · Assembly
Introduced by Representatives Wittke, Zimmerman, Dittrich, Duchow, Moses, O'Connor and Penterman; cosponsored by Senators Testin, Felzkowski and Feyen
- Jan 2, 2024 · Assembly
Read first time and referred to Committee on State Affairs
- Jan 3, 2024 · Assembly
Representative Rettinger added as a coauthor
- Jan 10, 2024 · Assembly
Public hearing held
- Jan 17, 2024 · Assembly
Executive action taken
- Jan 17, 2024 · Assembly
Representative Shankland added as a coauthor
- Jan 22, 2024 · Assembly
Report passage recommended by Committee on State Affairs, Ayes 14, Noes 0
- Jan 22, 2024 · Assembly
Referred to committee on Rules
- Jan 22, 2024 · Assembly
Fiscal estimate received
- Jan 23, 2024 · Assembly
Made a special order of business at 10:28 AM on 1-25-2024 pursuant to Assembly Resolution 23
- Jan 25, 2024 · Assembly
Read a second time
- Jan 25, 2024 · Assembly
Ordered to a third reading
- Jan 25, 2024 · Assembly
Rules suspended
- Jan 25, 2024 · Assembly
Read a third time and passed
- Jan 25, 2024 · Assembly
Representative Gustafson added as a coauthor
- Jan 25, 2024 · Assembly
Ordered immediately messaged
- Jan 25, 2024 · Senate
Received from Assembly
- Jan 26, 2024 · Senate
Read first time and referred to committee on Senate Organization
- Jan 26, 2024 · Senate
Available for scheduling
- Feb 9, 2024 · Senate
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
- Feb 9, 2024 · Senate
Placed on calendar 2-13-2024 pursuant to Senate Rule 18(1)
- Feb 13, 2024 · Senate
Read a second time
- Feb 13, 2024 · Senate
Referred to joint committee on Finance
- Feb 13, 2024 · Senate
Rules suspended to withdraw from joint committee on Finance and take up
- Feb 13, 2024 · Senate
Ordered to a third reading
- Feb 13, 2024 · Senate
Rules suspended to give bill its third reading
- Feb 13, 2024 · Senate
Read a third time and concurred in
- Feb 13, 2024 · Senate
Ordered immediately messaged
- Feb 13, 2024 · Assembly
Received from Senate concurred in
- Feb 16, 2024 · Assembly
Report correctly enrolled on 2-16-2024
- Feb 26, 2024 · Assembly
Presented to the Governor on 2-26-2024 by directive of the Speaker
- Mar 1, 2024 · Assembly
Report approved by the Governor on 2-29-2024. 2023 Wisconsin Act 98
- Mar 1, 2024 · Assembly
Published 3-1-2024
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