---
type: "Bill"
title: "Relating to: investment board operations."
description: "Relating to: investment board operations."
jurisdiction: "us/states/wi"
legislature: "Wisconsin Legislature"
session: "2021"
identifier: "SB 863"
citation: "Wisconsin SB 863 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Cowles", "Darling"]
version_count: 1
action_count: 26
vote_count: 1
first_action: "2022-01-13T06:00:00+00:00"
last_action: "2022-03-14T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/fcf9d3f0-9b18-41d5-9f9a-226b1291b004"
source_url: "https://docs.legis.wisconsin.gov/2021/proposals/reg/sen/bill/sb863"
source_hash: "fb3d00e1a870998ce88adb7437876f11308e82049477a8021ec3d9a661f5639f"
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 863 (2021) — Relating to: investment board operations.

## 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/SB863)

## Votes

- Report passage recommended by Committee on Transportation and Local Government, Ayes 5, Noes 0 — **5–0** (pass) · upper

## Sponsors

- Cowles — primary (person)
- Darling — primary (person)

## Timeline

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

- **2022-01-13T06:00:00+00:00** Introduced by Senators Darling and Cowles; cosponsored by Representatives Wittke, Born, Macco, Cabral-Guevara, Drake, Gundrum, Katsma, Knodl, Kuglitsch, Magnafici, Murphy, Sinicki, Steffen and Kerkman `introduction`
- **2022-01-13T06:00:00+00:00** Read first time and referred to Committee on Transportation and Local Government `reading-1, referral-committee`
- **2022-01-19T06:00:00+00:00** Public hearing held
- **2022-01-27T06:00:00+00:00** Representative Moore Omokunde added as a cosponsor
- **2022-02-08T06:00:00+00:00** Executive action taken
- **2022-02-08T06:00:00+00:00** Report passage recommended by Committee on Transportation and Local Government, Ayes 5, Noes 0 `committee-passage-favorable`
- **2022-02-08T06:00:00+00:00** Available for scheduling
- **2022-02-11T06:00:00+00:00** Placed on calendar 2-15-2022 pursuant to Senate Rule 18(1)
- **2022-02-15T06:00:00+00:00** Read a second time `reading-2`
- **2022-02-15T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2022-02-15T06:00:00+00:00** Rules suspended
- **2022-02-15T06:00:00+00:00** Read a third time and passed `passage, reading-3`
- **2022-02-15T06:00:00+00:00** Ordered immediately messaged
- **2022-02-15T06:00:00+00:00** Received from Senate `receipt`
- **2022-02-17T06:00:00+00:00** Read first time and referred to committee on Rules `referral-committee`
- **2022-02-22T06:00:00+00:00** Made a special order of business at 9:05 AM on 2-23-2022 pursuant to Assembly Resolution 29
- **2022-02-23T06:00:00+00:00** Read a second time `reading-2`
- **2022-02-23T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2022-02-23T06:00:00+00:00** Rules suspended
- **2022-02-23T06:00:00+00:00** Read a third time and concurred in `passage, reading-3`
- **2022-02-23T06:00:00+00:00** Ordered immediately messaged
- **2022-02-23T06:00:00+00:00** Received from Assembly concurred in `receipt`
- **2022-03-02T06:00:00+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 177 `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/fcf9d3f0-9b18-41d5-9f9a-226b1291b004`. Confidence: reported (aggregated from official Wisconsin legislature records).