---
type: "Bill"
title: "Relating to: investment of certain University of Wisconsin System revenues. (FE)"
description: "Relating to: investment of certain University of Wisconsin System revenues. (FE)"
jurisdiction: "us/states/wi"
legislature: "Wisconsin Legislature"
session: "2021"
identifier: "SB 557"
citation: "Wisconsin SB 557 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Ballweg", "Bernier", "Cowles", "Felzkowski", "Feyen", "Marklein", "Nass", "Petrowski", "Roys", "Stroebel"]
version_count: 1
action_count: 32
vote_count: 1
first_action: "2021-09-15T05:00:00+00:00"
last_action: "2022-03-14T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/d436f4b2-25c2-4b86-8bfe-3dc7f06c1ca4"
source_url: "https://docs.legis.wisconsin.gov/2021/proposals/reg/sen/bill/sb557"
source_hash: "3c823d6d5b6cb06e995877f62c2b0e687ab5010c77d9545298af9900d7a3b070"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-wi"]
---

# Wisconsin SB 557 (2021) — Relating to: investment of certain University of Wisconsin System revenues. (FE)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](https://docs.legis.wisconsin.gov/document/proposaltext/2021/REG/SB557)

## Votes

- Report passage recommended by Committee on Universities and Technical Colleges, Ayes 9, Noes 0 — **9–0** (pass) · upper

## Sponsors

- Ballweg — primary (person)
- Bernier — primary (person)
- Cowles — primary (person)
- Felzkowski — primary (person)
- Feyen — primary (person)
- Marklein — primary (person)
- Nass — primary (person)
- Petrowski — primary (person)
- Roys — primary (person)
- Stroebel — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-09-15T05:00:00+00:00** Introduced by Senators Stroebel, Cowles, Ballweg, Bernier, Felzkowski, Feyen, Nass, Petrowski, Roys and Marklein; cosponsored by Representatives Macco, Steffen, Baldeh, Edming, Gundrum, Horlacher, Knodl, Kuglitsch, Loudenbeck, Moses, Murphy, Penterman, Spiros, Wittke and Zimmerman `introduction`
- **2021-09-15T05:00:00+00:00** Read first time and referred to Committee on Universities and Technical Colleges `reading-1, referral-committee`
- **2021-09-21T05:00:00+00:00** Fiscal estimate received `receipt`
- **2021-10-01T05:00:00+00:00** Fiscal estimate received `receipt`
- **2021-10-19T05:00:00+00:00** Public hearing held
- **2021-10-28T05:00:00+00:00** Representative Duchow added as a cosponsor
- **2021-12-06T06:00:00+00:00** Representative James added as a cosponsor
- **2022-01-18T06:00:00+00:00** Executive action taken
- **2022-01-19T06:00:00+00:00** Report passage recommended by Committee on Universities and Technical Colleges, Ayes 9, Noes 0 `committee-passage-favorable`
- **2022-01-19T06:00:00+00:00** Available for scheduling
- **2022-01-21T06:00:00+00:00** Placed on calendar 1-25-2022 pursuant to Senate Rule 18(1)
- **2022-01-25T06:00:00+00:00** Read a second time `reading-2`
- **2022-01-25T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2022-01-25T06:00:00+00:00** Rules suspended
- **2022-01-25T06:00:00+00:00** Read a third time and passed `passage, reading-3`
- **2022-01-25T06:00:00+00:00** Ordered immediately messaged
- **2022-01-25T06:00:00+00:00** Received from Senate `receipt`
- **2022-01-25T06:00:00+00:00** Representative Shankland added as a cosponsor
- **2022-02-17T06:00:00+00:00** Read first time and referred to committee on Rules `referral-committee`
- **2022-02-17T06:00:00+00:00** Placed on calendar 2-22-2022 by Committee on Rules
- **2022-02-22T06:00:00+00:00** Rules suspended to withdraw from calendar and take up `withdrawal`
- **2022-02-22T06:00:00+00:00** Read a second time `reading-2`
- **2022-02-22T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2022-02-22T06:00:00+00:00** Rules suspended
- **2022-02-22T06:00:00+00:00** Read a third time and concurred in `passage, reading-3`
- **2022-02-22T06:00:00+00:00** Ordered immediately messaged
- **2022-02-22T06:00:00+00:00** Received from Assembly concurred in `receipt`
- **2022-02-25T06:00:00+00:00** LRB correction
- **2022-02-25T06:00:00+00:00** Report correctly enrolled `enrolled`
- **2022-03-10T06:00:00+00:00** Presented to the Governor on 3-10-2022 `executive-receipt`
- **2022-03-14T05:00:00+00:00** Report approved by the Governor on 3-11-2022. 2021 Wisconsin Act 165 `executive-signature`
- **2022-03-14T05:00:00+00:00** Published 3-12-2022 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d436f4b2-25c2-4b86-8bfe-3dc7f06c1ca4`. Confidence: reported (aggregated from official Wisconsin legislature records).