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---
type: "Bill"
title: "Relating to: the licensing and regulation by the Department of Financial Institutions of consumer lenders, payday lenders, money transmitters, sales finance companies, collection agencies, mortgage bankers and mortgage brokers, adjustment service companies, community currency exchanges, and insurance premium finance companies; the Nationwide Multistate Licensing System and Registry; modifying and repealing rules promulgated by the Department of Financial Institutions; and granting rule-making authority. (FE)"
description: "Relating to: the licensing and regulation by the Department of Financial Institutions of consumer lenders, payday lenders, money transmitters, sales finance companies, collection agencies, mortgage bankers and mortgage brokers, adjustment service companies, community currency exchanges, and insurance premium finance companies; the Nationwide Multistate Licensing System and Registry; modifying and repealing rules promulgated by the Department of Financial Institutions; and granting rule-making authority. (FE)"
jurisdiction: "us/states/wi"
legislature: "Wisconsin Legislature"
session: "2023"
identifier: "SB 668"
citation: "Wisconsin SB 668 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Knodl", "Wanggaard"]
version_count: 4
action_count: 40
vote_count: 6
first_action: "2023-11-09T06:00:00+00:00"
last_action: "2024-04-04T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/9d8c5770-e137-41fd-a3e2-8a5800031117"
source_url: "https://docs.legis.wisconsin.gov/2023/proposals/reg/sen/bill/sb668"
source_hash: "f4b996f1a31c9bcf2c160639c961962a437b77ef5d2d499e6b008862262ae064"
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 668 (2023) — Relating to: the licensing and regulation by the Department of Financial Institutions of consumer lenders, payday lenders, money transmitters, sales finance companies, collection agencies, mortgage bankers and mortgage brokers, adjustment service companies, community currency exchanges, and insurance premium finance companies; the Nationwide Multistate Licensing System and Registry; modifying and repealing rules promulgated by the Department of Financial Institutions; and granting rule-making authority. (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/2023/REG/SB668)
2. **Senate Amendment 1** (committee substitute) — [source](https://docs.legis.wisconsin.gov/document/amends/2023/REG/SB668-SA1)
3. **Senate Amendment 2** (committee substitute) — [source](https://docs.legis.wisconsin.gov/document/amends/2023/REG/SB668-SA2)
4. **Senate Amendment 3** (committee substitute) — [source](https://docs.legis.wisconsin.gov/document/amends/2023/REG/SB668-SA3)
## Votes
- Report adoption of Senate Amendment 2 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 — **50** (pass) · upper
- Report adoption of Senate Amendment 3 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 3, Noes 2 — **32** (pass) · upper
- Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0 — **50** (pass) · upper
- Report passage as amended recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 — **50** (pass) · upper
- Report adoption of Senate Amendment 1 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 — **50** (pass) · upper
- Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0 — **50** (pass) · upper
## Sponsors
- Knodl — primary (person)
- Wanggaard — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-11-09T06:00:00+00:00** Introduced by Senators Knodl and Wanggaard; cosponsored by Representatives O'Connor, Murphy and Macco `introduction`
- **2023-11-09T06:00:00+00:00** Read first time and referred to Committee on Shared Revenue, Elections and Consumer Protection `reading-1, referral-committee`
- **2023-11-13T06:00:00+00:00** Fiscal estimate received `receipt`
- **2023-12-19T06:00:00+00:00** Public hearing held
- **2024-01-10T06:00:00+00:00** Senate Amendment 1 offered by Senator Knodl
- **2024-01-10T06:00:00+00:00** Senate Amendment 2 offered by Senator Knodl
- **2024-01-10T06:00:00+00:00** Senate Amendment 3 offered by Senator Knodl
- **2024-01-11T06:00:00+00:00** Executive action taken
- **2024-01-11T06:00:00+00:00** Report adoption of Senate Amendment 1 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 `amendment-passage`
- **2024-01-11T06:00:00+00:00** Report adoption of Senate Amendment 2 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 `amendment-passage`
- **2024-01-11T06:00:00+00:00** Report adoption of Senate Amendment 3 recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 3, Noes 2 `amendment-passage`
- **2024-01-11T06:00:00+00:00** Report passage as amended recommended by Committee on Shared Revenue, Elections and Consumer Protection, Ayes 5, Noes 0 `committee-passage-favorable`
- **2024-01-11T06:00:00+00:00** Available for scheduling
- **2024-01-12T06:00:00+00:00** Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0 `referral-committee`
- **2024-01-12T06:00:00+00:00** Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0
- **2024-01-12T06:00:00+00:00** Placed on calendar 1-16-2024 pursuant to Senate Rule 18(1)
- **2024-01-16T06:00:00+00:00** Representative Subeck added as a cosponsor
- **2024-01-16T06:00:00+00:00** Read a second time `reading-2`
- **2024-01-16T06:00:00+00:00** Senate Amendment 1 adopted `amendment-passage`
- **2024-01-16T06:00:00+00:00** Senate Amendment 2 adopted `amendment-passage`
- **2024-01-16T06:00:00+00:00** Senate Amendment 3 adopted `amendment-passage`
- **2024-01-16T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2024-01-16T06:00:00+00:00** Rules suspended to give bill its third reading
- **2024-01-16T06:00:00+00:00** Read a third time and passed `passage, reading-3`
- **2024-01-16T06:00:00+00:00** Ordered immediately messaged
- **2024-01-16T06:00:00+00:00** Received from Senate `receipt`
- **2024-01-22T06:00:00+00:00** Read first time and referred to committee on Rules `referral-committee`
- **2024-01-23T06:00:00+00:00** Made a special order of business at 10:24 AM on 1-25-2024 pursuant to Assembly Resolution 23
- **2024-01-25T06:00:00+00:00** Read a second time `reading-2`
- **2024-01-25T06:00:00+00:00** Ordered to a third reading `reading-3`
- **2024-01-25T06:00:00+00:00** Rules suspended
- **2024-01-25T06:00:00+00:00** Read a third time and concurred in `passage, reading-3`
- **2024-01-25T06:00:00+00:00** Ordered immediately messaged
- **2024-01-25T06:00:00+00:00** Received from Assembly concurred in `receipt`
- **2024-01-29T06:00:00+00:00** LRB correction (Senate Amendment 3)
- **2024-01-29T06:00:00+00:00** LRB correction
- **2024-01-30T06:00:00+00:00** Report correctly enrolled `enrolled`
- **2024-04-01T05:00:00+00:00** Presented to the Governor on 4-1-2024 `executive-receipt`
- **2024-04-04T05:00:00+00:00** Report approved by the Governor on 4-4-2024. 2023 Wisconsin Act 267 `executive-signature`
- **2024-04-04T05:00:00+00:00** Published 4-5-2024 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9d8c5770-e137-41fd-a3e2-8a5800031117`. Confidence: reported (aggregated from official Wisconsin legislature records).