Assembly Bill 996
Contributions by the Department of Financial Institutions to Trump accounts
Topics: Financial Institutions, Department of, Retirement: Private plans, United States: Treasury, Department of, Youth
Passed the Assembly, then stopped
The Assembly passed it on Feb 19, 2026, but the Senate never voted on it. A bill has to . The last day for votes this session was Mar 19, 2026. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Feb 2, 2026
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Committee, passed
Approved
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Assembly vote, passed
Passed Feb 19, 2026
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Senate vote, stopped here
Stopped here. The Senate never voted on it.
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 23, 2026: “Failed to concur in pursuant to ”
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The same bill was also filed in the Senate as SB 988. That version died when the session ended.
Terms on this page
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence. More in the glossary
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
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 would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill requires the Department of Financial Institutions to make contributions to certain Trump accounts.
Federal law provides for the establishment of Trump accounts for eligible individuals and allows for the accounts to begin accepting contributions on July 4, 2026. A Trump account is a type of traditional individual retirement account (IRA) that is established for the exclusive benefit of an eligible individual, also known as the account beneficiary, and that is designated as a Trump account when the account is opened. An eligible individual is an individual for whom an election is made to establish a Trump account, who has not attained 18 years of age before the end of the calendar year in which the election is made, and who has been issued a social security number. Although a Trump account is similar to a traditional IRA in most respects, it is subject to special rules until the end of the calendar year before the calendar year in which the account beneficiary attains 18 years of age. During this period, there is a restriction on the types of investments in which Trump account funds may be invested and generally no distributions may be made from the Trump account. Under a federal pilot program, the federal Treasury Department generally pays $1,000 into the Trump account if the account beneficiary was born in a calendar year from 2025 to 2028, is a U.S. citizen, has a social security number, and has elected to receive the payment. Federal law also provides that a state or local government may contribute to the Trump accounts of a specified class of individuals, such as state residents under age 18, and that these contributions are not taxable to the recipients or subject to an annual limit on contributions.
Read the full summary Show less
This bill requires DFI to make a matching contribution of $1,000 to a Trump account if the federal Treasury Department has made a payment to the Trump account and the account beneficiary was born in this state and resides in this state at the time of DFI’s contribution. However, DFI must make contributions to Trump accounts only to the extent that funds are available.
Who's behind it
9 representatives are its . All 9 are Republicans.
2 more lawmakers .
See all 11 names Hide the names
Authors (9)
- Elijah Behnke · Republican, Assembly
- Rick Gundrum · Republican, Assembly
- Rob Kreibich · Republican, Assembly
- Dave Maxey · Republican, Assembly
- Clint Moses · Republican, Assembly
- Dave Murphy · Republican, Assembly
- Jim Piwowarczyk · Republican, Assembly
- Jessie Rodriguez · Republican, Assembly
- Duke Tucker · Republican, Assembly
Signed on in support (2)
- Rachael Cabral-Guevara · Republican, Senate
- Romaine Quinn · Republican, Senate
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 2 votes on this bill.
Assembly Committee on Financial Institutions vote to recommend it
Passed, 8 to 1 · Feb 11, 2026
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 8, Noes 1”. Official record · This vote on its own page
Assembly vote to pass it
Passed, 62 to 35 · Feb 19, 2026 · 2 didn't vote
See how each of the 99 representatives voted Hide the names
D: Democrat, R: Republican
Yes (62)
- Adam Neylon (R, 15)
- Alex Dallman (R, 39)
- Amanda Nedweski (R, 32)
- Barbara Dittrich (R, 99)
- Ben Franklin (R, 88)
- Bob Donovan (R, 61)
- Bob Wittke (R, 63)
- Brent Jacobson (R, 87)
- Brienne Brown (D, 43)
- Calvin Callahan (R, 35)
- Chanz Green (R, 74)
- Chuck Wichgers (R, 84)
- Cindi Duchow (R, 97)
- Clint Moses (R, 92)
- Dan Knodl (R, 24)
- Dave Armstrong (R, 67)
- Dave Maxey (R, 83)
- Dave Murphy (R, 56)
- David Steffen (R, 4)
- Dean Kaufert (R, 53)
- Duke Tucker (R, 75)
- Elijah Behnke (R, 6)
- Gus Gustafson (R, 55)
- Jeff Mursau (R, 36)
- Jenna Jacobson (D, 50)
- Jerry O'Connor (R, 60)
- Jessie Rodriguez (R, 21)
- Jill Billings (D, 95)
- Jim Piwowarczyk (R, 98)
- Jodi Emerson (D, 91)
- Joel Kitchens (R, 1)
- John Spiros (R, 86)
- Joy Goeben (R, 5)
- Karen Hurd (R, 69)
- Kevin Petersen (R, 57)
- Lindee Brill (R, 27)
- Mark Born (R, 37)
- Nancy VanderMeer (R, 70)
- Pat Snyder (R, 85)
- Paul Melotik (R, 22)
- Paul Tittl (R, 25)
- Rick Gundrum (R, 58)
- Rob Brooks (R, 59)
- Rob Kreibich (R, 28)
- Rob Summerfield (R, 68)
- Rob Swearingen (R, 34)
- Robin Vos (R, 33)
- Robyn Vining (D, 13)
- Ron Tusler (R, 3)
- Ryan Spaude (D, 89)
- Scott Allen (R, 82)
- Scott Krug (R, 72)
- Shannon Zimmerman (R, 30)
- Steve Doyle (D, 94)
- Sylvia Ortiz-Velez (D, 8)
- Todd Novak (R, 51)
- Tony Kurtz (R, 41)
- Travis Tranel (R, 49)
- Treig Pronschinske (R, 29)
- Tyler August (R, 31)
- Vinnie Miresse (D, 71)
- Will Penterman (R, 38)
No (35)
- Alex Joers (D, 81)
- Amaad Rivera-Wagner (D, 90)
- Andrew Hysell (D, 48)
- Angela Stroud (D, 73)
- Angelina Cruz (D, 62)
- Angelito Tenorio (D, 14)
- Ann Roe (D, 44)
- Ben DeSmidt (D, 65)
- Christian Phelps (D, 93)
- Christine Sinicki (D, 20)
- Clint Anderson (D, 45)
- Darrin Madison (D, 10)
- Deb Andraca (D, 23)
- Francesca Hong (D, 76)
- Greta Neubauer (D, 66)
- Joan Fitzgerald (D, 46)
- Kalan Haywood (D, 16)
- Karen DeSanto (D, 40)
- Karen Kirsch (D, 7)
- Lee Snodgrass (D, 52)
- Lisa Subeck (D, 79)
- Lori Palmeri (D, 54)
- Margaret Arney (D, 18)
- Maureen McCarville (D, 42)
- Mike Bare (D, 80)
- Priscilla Prado (D, 9)
- Randy Udell (D, 47)
- Renuka Mayadev (D, 77)
- Russell Goodwin (D, 12)
- Ryan Clancy (D, 19)
- Sequanna Taylor (D, 11)
- Shae Sortwell (R, 2)
- Shelia Stubbs (D, 78)
- Supreme Moore Omokunde (D, 17)
- Tip McGuire (D, 64)
Didn't vote (2)
- Joe Sheehan (D, 26)
- Tara Johnson (D, 96)
Official motion: “PASSAGE”. Official record · This vote on its own page
What happened
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Mar 23, 2026
The session ended, and the bill died with it.
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Mar 4, 2026
The committee held a public hearing.
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Feb 25, 2026
Sent to the Senate Committee on Financial Institutions and Sporting Heritage.
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Feb 23, 2026
The Senate received it.
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Feb 19, 2026
The Assembly passed it, 62 to 35.
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Feb 19, 2026
The Assembly adopted it.
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Feb 11, 2026
Sent to the Assembly Committee on Rules.
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Feb 11, 2026
The committee voted to recommend passing it, 8 to 1.
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Feb 5, 2026
The committee held a public hearing.
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Feb 2, 2026
Sent to the Assembly Committee on Financial Institutions.
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Feb 2, 2026
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Feb 2, 2026 · Assembly
Introduced by Representatives Behnke, Gundrum, Kreibich, Maxey, Moses, Murphy, Piwowarczyk, Rodriguez and Tucker; cosponsored by Senators Cabral-Guevara and Quinn
- Feb 2, 2026 · Assembly
Read first time and referred to Committee on Financial Institutions
- Feb 5, 2026 · Assembly
Public hearing held
- Feb 11, 2026 · Assembly
Executive action taken
- Feb 11, 2026 · Assembly
Report passage recommended by Committee on Financial Institutions, Ayes 8, Noes 1
- Feb 11, 2026 · Assembly
Referred to committee on Rules
- Feb 18, 2026 · Assembly
Made a special order of business at 11:59 AM on 2-19-2026 pursuant to Assembly Resolution 14
- Feb 19, 2026 · Assembly
Read a second time
- Feb 19, 2026 · Assembly
Assembly Substitute Amendment 1 offered by Representative Behnke
- Feb 19, 2026 · Assembly
Assembly Substitute Amendment 1 adopted
- Feb 19, 2026 · Assembly
Ordered to a third reading
- Feb 19, 2026 · Assembly
Rules suspended
- Feb 19, 2026 · Assembly
Read a third time and passed, Ayes 62, Noes 35
- Feb 19, 2026 · Assembly
Ordered immediately messaged
- Feb 23, 2026 · Senate
Received from Assembly
- Feb 25, 2026 · Senate
Read first time and referred to committee on Financial Institutions and Sporting Heritage
- Mar 4, 2026 · Senate
Public hearing held
- Mar 23, 2026 · Senate
Failed to concur in pursuant to Senate Joint Resolution 1
Terms on this page
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence. More in the glossary
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
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
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence
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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote