Wisconsin legislation · 2025-2026 Regular Session
Wisconsin AB1022: An Act to amend 20.144 (1) (g), 25.17 (3) (a), 69.14 (1) (a) and 69.22 (6); to create 20.144 (5) (title), 20.144 (5) (a), 20.144 (5) (c), 20.144 (5) (j), 20.144 (5) (q), 25.14 (1) (a) 20., 25.17 (1) (aL), 25.18 (1) (q), 25.32, 69.20 (3) (b) 6., 69.20 (3) (i), 71.05 (6) (b) 57., 71.78 (4) (w) and 224.58 of the statutes; Relating to: creating a baby bond program and baby bond fund, granting rule-making authority, and making an appropriation. (FE)
Status: Failed, April 13, 2026
What the bill says
To amend 20.144 (1) (g), 25.17 (3) (a), 69.14 (1) (a) and 69.22 (6); to 2create 20.144 (5) (title), 20.144 (5) (a), 20.144 (5) (c), 20.144 (5) (j), 20.144 (5) 3(q), 25.14 (1) (a) 20., 25.17 (1) (aL), 25.18 (1) (q), 25.32, 69.20 (3) (b) 6., 69.20 (3) 4(i), 71.05 (6) (b) 57., 71.78 (4) (w) and 224.58 of the statutes; relating to: 5creating a baby bond program and baby bond fund, granting rule-making 6authority, and making an appropriation…
From the introduced text, February 6, 2026:
to amend 20.144 (1) (g), 25.17 (3) (a), 69.14 (1) (a) and 69.22 (6); to 2create 20.144 (5) (title), 20.144 (5) (a), 20.144 (5) (c), 20.144 (5) (j), 20.144 (5) 3(q), 25.14 (1) (a) 20., 25.17 (1) (aL), 25.18 (1) (q), 25.32, 69.20 (3) (b) 6., 69.20 (3) 4(i), 71.05 (6) (b) 57., 71.78 (4) (w) and 224.58 of the statutes; relating to: 5creating a baby bond program and baby bond fund, granting rule-making 6authority, and making an appropriation. Analysis by the Legislative Reference Bureau This bill requires the Department of Financial Institutions to establish and administer a baby bond program and creates a baby bond trust fund managed by the State of Wisconsin Investment Board. Under the bill, the State Registrar of Vital Records must provide to DFI a copy of the record of birth for each child born in the state on or after the bill's effective date. In consultation with the Department of Health Services and the Department of Revenue, DFI must determine whether, on the day before the child was born, the child's mother met the income requirements for the Medical Assistance program, and if this criteria is satisfied, DFI must establish a baby bond account for the child, with the child designated as the account beneficiary. DFI must then deposit $3,000 into the baby bond …