Current law requires state public officials and nominees and candidates for
state public office to file statements of economic interests with the board. Current
law defines "state public official" to include individuals appointed to their office, such
as appointees of the governor, and individuals elected into office, such as members
of the state assembly and state senate, the governor, and state supreme court
justices. This bill makes changes to the requirements to file and to the content of
these statements, including the following:
1. Currently, a state public official who serves in office during January of any
year must file a statement of economic interests with the board covering the
preceding calendar year no later than April 30 following the calendar year. This bill
changes the filing deadline to February 28.
2. Currently, a state public official, an appointee to a state public office, or a
nominee or candidate for state public office must file a statement of economic
interests that is current as of a date specified by law. In addition to other
information, the statement identifies certain organizations with which the
individual or a member of his or her immediate family is associated or has an
ownership interest, and certain creditors and real estate holdings of the individual
or a member of his or her immediate family. This bill requires this information to be
provided for the entire 12-month period preceding and ending on the date for which
the information is currently required to be provided.
3. The bill provides that an individual who is required to file a statement of
economic interests include in that statement the identity of any person, other than
a relative, who owes the individual $5,000 or more; the identity of any person, other
than a relative, for whom the individual guaranteed a loan in the amount of $5,000
or more and the identity of the creditor who made the loan; and the identity of any
business for which the individual, or a member of his or her immediate family, owns
or controls a 5 percent or greater interest.
4. Under current law, an individual's statement of economic interests must
identify every organization in which the individual owns securities having a value
of $5,000 or more. For reporting purposes, a security does not include a certificate
of deposit or a deposit in a financial institution organized in this state. Under the
bill, a security also does not include money market funds or mutual funds.

5. Currently, a state public official who serves in office during January of any
year and who assumes that office or another state public office in that same month
or who is nominated for appointment to that office or another state public office in
that same month is subject to the requirement to file a regular statement of economic
interests, which must be current to December 31 of the preceding year, as well as a
requirement to file a special statement of economic interests, which must be current
to the date the official assumes office or the nominee is nominated. This bill provides
that such an official or nominee is subject only to a requirement to file a statement
of economic interests that is current to the date on which the official assumes office
or the nominee is nominated.
6. This bill requires an official who leaves office and who was subject to the
requirement to file a statement of economic interests but who had not done so within
the six months prior to leaving office to file a statement of economic interests within
21 days after leaving office. The official must report on the statement of economic
interests information for the entire 12-month period beginning one year prior to the
date the official leaves office and ending on the date the official leaves office.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB907,1 1Section 1. 13.025 of the statutes is created to read:
AB907,3,6 213.025 Ethics training for members. (1) Each member of the legislature
3shall complete 2 hours of ethics training administered by the government
4accountability board under s. 19.48 (9) within 3 months after taking the oath of office,
5and shall complete one hour of ethics training within 3 months after taking the oath
6of office subsequent to any immediately succeeding election.
AB907,3,10 7(2) A member of the legislature who fails to attend or complete the ethics
8training as required under sub. (1) shall, at the end of the last day on which the
9training is provided, forfeit any per diem and expense allowance that member would
10be eligible to receive for that day.
AB907,2 11Section 2. 19.42 (12) of the statutes is amended to read:
AB907,4,212 19.42 (12) "Security" has the meaning given under s. 551.102 (28), except that
13the term does not include a certificate of deposit, money market funds, mutual funds,

1or a deposit in a savings and loan association, savings bank, credit union, or similar
2association organized under the laws of any state.
AB907,3 3Section 3. 19.42 (14) of the statutes is amended to read:
AB907,4,74 19.42 (14) "State public official" means any individual holding who holds a
5state public office or any individual whose name is certified under s. 7.70 (3) (g) as
6having been elected to and who qualifies to assume a state public office but whose
7term of office has not yet commenced
.
AB907,4 8Section 4. 19.43 (1) of the statutes is amended to read:
AB907,4,179 19.43 (1) Each individual who in January of any year is an official required to
10file shall file with the board no later than April 30 February 28 of that year a
11statement of economic interests meeting each of the requirements of s. 19.44 (1). The
12information contained on the statement shall be current as of provided for the period
13beginning on January 1 and ending on
December 31 of the preceding year. This
14subsection does not apply to an official required to file who assumes office or is
15nominated in January of any year, with respect to the year in which the official
16assumes office or is nominated, if the official is required to file a report under sub.
17(2) or (3) in that year.
AB907,5 18Section 5. 19.43 (2) of the statutes is amended to read:
AB907,4,2519 19.43 (2) An official required to file shall file with the board a statement of
20economic interests meeting each of the requirements of s. 19.44 (1) no later than 21
21days following the date he or she assumes office if the official has not previously filed
22a statement of economic interests with the board during that year. The information
23on the statement shall be current as per provided for the period beginning one year
24prior to the date the official assumes office and ending on
the date he or she assumes
25office.
AB907,6
1Section 6. 19.43 (2m) of the statutes is created to read:
AB907,5,82 19.43 (2m) An official required to file shall file with the board a statement of
3economic interests meeting each of the requirements of s. 19.44 (1) no later than 21
4days following the date he or she leaves office if the official has not previously filed
5a statement of economic interests with the board within the 6 months preceding the
6date he or she leaves office. The information on the statement shall be provided for
7the period beginning one year prior to the date the official leaves office and ending
8on the date he or she leaves office.
AB907,7 9Section 7. 19.43 (3) of the statutes is amended to read:
AB907,5,1810 19.43 (3) A nominee shall file with the board a statement of economic interests
11meeting each of the requirements of s. 19.44 (1) within 21 days of being nominated
12unless the nominee has previously filed a statement of economic interests with the
13board during that year. The information on the statement shall be current as per
14provided for the period beginning one year prior to the date the nominee was
15nominated and ending on
the date he or she was nominated. Following the receipt
16of a nominee's statement of economic interests, the board shall forward copies of such
17statement to the members of the committee of the senate to which the nomination
18is referred.
AB907,8 19Section 8. 19.43 (4) of the statutes is amended to read:
AB907,6,1520 19.43 (4) A candidate for state public office shall file with the board a statement
21of economic interests meeting each of the requirements of s. 19.44 (1) no later than
224:30 p.m. on the 3rd day following the last day permitted for filing that candidate to
23file
nomination papers for the office which the candidate seeks, or no later than 4:30
24p.m. on the next business day after the last day whenever that candidate is granted
25an extension of time for filing nomination papers or a declaration of candidacy under

1s. 8.05 (1) (j), 8.10 (2) (a), 8.15 (1), or 8.20 (8) (a),
no later than 4:30 p.m. on the 5th
2day after notification of nomination is mailed or personally delivered to the
3candidate by the municipal clerk in the case of a candidate who is nominated at a
4caucus, or no later than 4:30 p.m. on the 3rd day after notification of nomination is
5mailed or personally delivered to the candidate by the appropriate official or agency
6in the case of a write-in candidate or candidate who is appointed to fill a vacancy in
7nomination under s. 8.35 (2) (a). The information contained on the statement shall
8be current as of provided for the period beginning on January 1 of the year preceding
9the filing deadline and ending on
December 31 of the year preceding the filing
10deadline. Before certifying the name of any candidate for state public office under
11s. 7.08 (2) (a), the government accountability board, municipal clerk, or board of
12election commissioners shall ascertain whether that candidate has complied with
13this subsection. If not, the government accountability board, municipal clerk, or
14board of election commissioners may not certify the candidate's name for ballot
15placement.
AB907,9 16Section 9. 19.43 (8) of the statutes is amended to read:
AB907,7,217 19.43 (8) On its own motion or at At the written request of any individual who
18is required to file a statement of economic interests, received by the board prior to
19the latest time prescribed by law for filing the statement,
the board may shall extend
20the time for filing or a statement by 3 days. On its own motion or at the request of
21any individual who is required to file a statement of economic interests, the board
22may
waive any filing requirement if the board determines that the literal application
23of the filing requirements of this subchapter would work an unreasonable hardship
24on that individual or that the extension of the time for filing or waiver is in the public

1interest. The board shall set forth in writing as a matter of public record its reason
2for the extension or waiver.
AB907,10 3Section 10. 19.44 (1) (a) (intro.) of the statutes is amended to read:
AB907,7,74 19.44 (1) (a) (intro.) The identity of every organization with which the
5individual required to file is was associated during the period to which the statement
6applies
and the nature of his or her association with the organization, except that no
7identification need be made of:
AB907,11 8Section 11. 19.44 (1) (b) of the statutes is renumbered 19.44 (1) (b) (intro.) and
9amended to read:
AB907,7,1510 19.44 (1) (b) (intro.) The identity of every organization or body politic in which
11the individual who is required to file or that individual's immediate family, severally
12or in the aggregate, owns owned, directly or indirectly, during the period to which the
13statement applies,
securities having a value of $5,000 or more, the identity of such
14securities and their approximate value on the last day of that period or on the date
15that the securities were disposed of, whichever is earlier
, except that no:
AB907,7,21 162. No identification need be made of a security or issuer of a security when it
17is issued by any organization not doing business in this state or by any government
18or instrumentality or agency thereof, or an authority or public corporation created
19and regulated by an act of such government, other than the state of Wisconsin, its
20instrumentalities, agencies and political subdivisions, or authorities or public
21corporations created and regulated by an act of the legislature.
AB907,12 22Section 12. 19.44 (1) (b) 1. of the statutes is created to read:
AB907,7,2523 19.44 (1) (b) 1. Identification of a security issued by an organization is required
24only if the security consists of an ownership interest in a particular profit-making
25business or an industry group.
AB907,13
1Section 13. 19.44 (1) (c) of the statutes is amended to read:
AB907,8,52 19.44 (1) (c) The name of any creditor to whom the individual who is required
3to file or such individual's immediate family, severally or in the aggregate, owes owed
4$5,000 or more during the period to which the statement applies and the maximum
5approximate amount owed during that period.
AB907,14 6Section 14. 19.44 (1) (cd) of the statutes is created to read:
AB907,8,87 19.44 (1) (cd) The identity of any person, other than a relative, who owes the
8individual who is required to file $5,000 or more.
AB907,15 9Section 15. 19.44 (1) (ce) of the statutes is created to read:
AB907,8,1210 19.44 (1) (ce) The identity of any person, other than a relative, for whom the
11individual who is required to file guaranteed a loan in the amount of $5,000 or more
12and the identity of the creditor who made the loan.
AB907,16 13Section 16. 19.44 (1) (d) of the statutes is amended to read:
AB907,8,2114 19.44 (1) (d) The real property located in this state in which the individual who
15is required to file or such individual's immediate family holds held an interest during
16the period to which the statement applies
, other than the principal residence of the
17individual or his or her immediate family, and the nature of the interest held. An
18individual's interest in real property does not include a proportional share of
19interests in real property if the individual's proportional share is was less than 10%
2010 percent of the outstanding shares or is was less than an equity value of $5,000 at
21all times during that period
.
AB907,17 22Section 17. 19.44 (1) (fm) of the statutes is created to read:
AB907,8,2523 19.44 (1) (fm) If the individual who is required to file, or a member of his or her
24immediate family, severally or in the aggregate, owns or controls 5 percent or more
25of a business, the identity of the business.
AB907,18
1Section 18. Initial applicability.
AB907,9,3 2(1) In this section, "state public office" has the meaning given in section 19.42
3(13) of the statutes.
AB907,9,7 4(2) This act first applies to a state public official holding or a nominee or
5candidate for state public office who becomes subject to a requirement to file an
6initial or updated statement of economic interests under section 19.43 of the statutes
7on the effective date of this subsection.
AB907,9,88 (End)
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