Senate Bill 753
Funding for the department of financial institutions from the college savings program trust fund and making an appropriation. (FE)
Topics: Children, Children: Adoption, Financial Institutions, Department of, Public employee, Scholarships and loans
Stopped before the full Senate voted
The recommended passing it, but the full Senate never voted on it. 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
Dec 12, 2025
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Committee, passed
Approved
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Senate vote, stopped here
Stopped here. The full Senate never voted on it.
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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 23, 2026: “Failed to pass pursuant to ”
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The same bill was also filed in the Assembly as AB 761. 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.
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
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 would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill creates an annual appropriation to the Department of Financial Institutions, from the college savings program trust fund, to fund higher education expenses for children who were born or adopted in this state, reside in this state, and are designated beneficiaries of a college savings account. The bill also creates an additional position in DFI to administer a program in which DFI establishes master or interim holding accounts under the college savings program and makes deposits, for higher education expenses, into accounts established for children who were born or adopted in this state, reside in this state, and are designated beneficiaries of a college savings account. The bill provides funding, from the college savings program trust fund, for this position and for the implementation and administration of the program.
Who's behind it
9 senators are its . 8 are Democrats and 1 is a Republican.
17 more lawmakers .
See all 26 names Hide the names
Authors (9)
- Rachael Cabral-Guevara · Republican, Senate
- Tim Carpenter · Democrat, Senate
- Dianne Hesselbein · Democrat, Senate
- Sarah Keyeski · Democrat, Senate
- LaTonya Johnson · Democrat, Senate
- Chris Larson · Democrat, Senate
- Melissa Ratcliff · Democrat, Senate
- Kelda Roys · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
Signed on in support (17)
- Clint Anderson · Democrat, Assembly
- Elijah Behnke · Republican, Assembly
- Kristin Dassler-Alfheim · Democrat, Senate
- Ben DeSmidt · Democrat, Assembly
- Russell Goodwin · Democrat, Assembly
- Rick Gundrum · Republican, Assembly
- Alex Joers · Democrat, Assembly
- Dean Kaufert · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Rob Kreibich · Republican, Assembly
- Maureen McCarville · Democrat, Assembly
- Sylvia Ortiz-Velez · Democrat, Assembly
- Jim Piwowarczyk · Republican, Assembly
- Lee Snodgrass · Democrat, Assembly
- Angela Stroud · Democrat, Assembly
- Lisa Subeck · Democrat, Assembly
- Randy Udell · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There was one vote on this bill.
Senate Committee on Financial Institutions and Sporting Heritage vote to recommend it
Passed, 5 to 0 · Jan 27, 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 and Sporting Heritage, Ayes 5, Noes 0”. 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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Feb 17, 2026
1 more senator signed on in support.
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Jan 27, 2026
The committee voted to recommend passing it, 5 to 0.
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Jan 22, 2026
The committee held a public hearing.
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Jan 2, 2026
1 more representative signed on in support.
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Jan 2, 2026
A state agency sent in its estimate of the cost.
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Dec 12, 2025
Sent to the Senate Committee on Financial Institutions and Sporting Heritage.
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Dec 12, 2025
Introduced in the Senate.
See the official record, word for word Hide the official record
- Dec 12, 2025 · Senate
Introduced by Senators Cabral-Guevara, Hesselbein, Carpenter, Keyeski, Larson, Ratcliff, Roys, Spreitzer and L. Johnson; cosponsored by Representatives Behnke, Joers, Anderson, DeSmidt, Goodwin, Gundrum, Kaufert, Knodl, Kreibich, McCarville, Piwowarczyk, Snodgrass, Stroud, Subeck and Udell
- Dec 12, 2025 · Senate
Read first time and referred to Committee on Financial Institutions and Sporting Heritage
- Jan 2, 2026 · Senate
Fiscal estimate received
- Jan 2, 2026 · Senate
Representative Ortiz-Velez added as a cosponsor
- Jan 22, 2026 · Senate
Public hearing held
- Jan 27, 2026 · Senate
Executive action taken
- Jan 27, 2026 · Senate
Report passage recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0
- Jan 27, 2026 · Senate
Available for scheduling
- Feb 17, 2026 · Senate
Senator Dassler-Alfheim added as a coauthor
- 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.
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
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
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
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
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