Gov. Tony Evers on Thursday signed Senate Bill 668, now 2023 Wisconsin Act 267, and vetoed Senate Bill 145, according to a press release.
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Makes numerous changes to the Wisconsin Department of Financial Institution’s (DFI) regulation of nondepository financial service providers;
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Authorizes DFI to require nondepository financial service providers to use the Nationwide Multistate Licensing System and Registry for the licensing, renewal, and other regulatory filings required by DFI;
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Repeals the entirety of Chapter 217, Wis. Stats., and replaces it with model legislation known as the Money Transmission Modernization Act for governing the licensing and regulation of money transmitters to create uniform nationwide standards for these entities;
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Revises certain licensing and regulatory provisions of collection agencies;
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Revises licensing and regulatory provisions of certain licensed consumer lenders, which generally are lenders other than banks, savings banks, savings and loan associations, or credit unions; and
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Requires DFI to implement an ABLE savings account program either independently or through a collaborative agreement with another state or states, a measure Gov. Evers previously included in both his 2021–23 and 2023–25 biennial budgets but that was rejected by Republicans at the time.
Senate Bill 145 would have created a new license for advanced practice registered nurses (APRN), specifying certain requirements for APRN licensure, defining specialty designations associated with the license, and setting forth requirements and restrictions for APRN practice. Evers’ veto message is available here.
