Senate Bill 562
Reporting requirements for recipients of economic development grants and loans
Topics: Economic Development Corporation, Wisconsin, Municipality, University of Wisconsin
Stopped in committee
It had a but no committee vote, so it never came up for a vote. The last day for votes this session was Mar 19, 2026. To try again, a lawmaker would have to start a new bill.
-
Introduced, passed
Oct 24, 2025
-
Committee, stopped here
Stopped here. It had a hearing but no committee vote.
-
Senate vote, not reached
-
Assembly vote, not reached
-
Governor, not reached
-
Law, not reached
Latest entry in the official record, Mar 23, 2026: “Failed to pass pursuant to ”
It sat with the Senate Committee on Government Operations, Labor and Economic Development.
Following saves it on this device. New actions show on your Following page. You can also get updates in a feed reader.
Embed this on your site
Paste this code into your page. The card shows the latest record each time it loads. Preview the card
The same bill was also filed in the Assembly as AB 397. That version died when the session ended.
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.
Under current law, a recipient of a grant or loan of at least $100,000 from the Wisconsin Economic Development Corporation must provide WEDC an audited schedule of expenditures within 120 days after the end of the fiscal year in which grant or loan funds were expended. This bill makes the following changes to the reporting requirement:
1. Increases from $100,000 to $500,000 the grant or loan threshold for which the recipient must submit a schedule of expenditures.
Read the full summary Show less
2. Changes the deadline for submission from 120 days after the end of the fiscal year in which grant or loan funds were expended to 120 days after the end of the fiscal year in which the program expenditures are completed.
3. Exempts a recipient that is a local governmental unit or a university in the University of Wisconsin System from the schedule of expenditures requirement if the recipient a) includes the grant or loan funds in its current audit practices and, b) no later than 120 days after the end of the program period, submits documentation of the recipient’s standard annual audit for every fiscal year in which grant or loan funds were expended. The bill defines “local governmental unit” to mean a city, village, town, county, special purpose district, or federally recognized American Indian tribe or band in this state.
Who's behind it
5 senators are its . 4 are Democrats and 1 is a Republican.
8 more lawmakers .
See all 13 names Hide the names
Authors (5)
- Kristin Dassler-Alfheim · Democrat, Senate
- Melissa Ratcliff · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
- Patrick Testin · Republican, Senate
- Jamie Wall · Democrat, Senate
Signed on in support (8)
- Dave Armstrong · Republican, Assembly
- Rick Gundrum · Republican, Assembly
- Alex Joers · Democrat, Assembly
- Rob Kreibich · Republican, Assembly
- Paul Melotik · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Sylvia Ortiz-Velez · Democrat, Assembly
- Travis Tranel · Republican, Assembly
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
What happened
-
Mar 23, 2026
The session ended, and the bill died with it.
-
Jan 27, 2026
The committee held a public hearing.
-
Dec 15, 2025
1 more representative signed on in support.
-
Oct 24, 2025
Sent to the Senate Committee on Government Operations, Labor and Economic Development.
-
Oct 24, 2025
Introduced in the Senate.
See the official record, word for word Hide the official record
- Oct 24, 2025 · Senate
Introduced by Senators Testin, Dassler-Alfheim, Ratcliff, Spreitzer and Wall; cosponsored by Representatives Armstrong, Gundrum, Joers, Kreibich, Melotik, O'Connor and Tranel
- Oct 24, 2025 · Senate
Read first time and referred to Committee on Government Operations, Labor and Economic Development
- Dec 15, 2025 · Senate
Representative Ortiz-Velez added as a cosponsor
- Jan 27, 2026 · Senate
Public hearing held
- Feb 5, 2026 · Senate
Senate Amendment 1 offered by Senator Testin
- Mar 23, 2026 · 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