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SB70-SSA2-SA1,172,16 162. One member appointed by the minority leader of the assembly.
SB70-SSA2-SA1,172,17 173. One member appointed by the majority leader of the senate.
SB70-SSA2-SA1,172,18 184. One member appointed by the minority leader of the senate.
SB70-SSA2-SA1,172,2119 (b) The committee created under par. (a) shall study options to achieve a $15
20per hour minimum wage and other options to increase compensation for workers in
21this state.
SB70-SSA2-SA1,173,222 (c) No later than October 1, 2024, the committee created under par. (a) shall
23submit to the governor and the appropriate standing committees of the legislature
24in the manner provided under s. 13.172 (3) a report that includes recommendations

1regarding the options for achieving a $15 per hour minimum wage and other means
2of increasing worker compensation in this state.
SB70-SSA2-SA1,173,43 (d) The minimum wage study committee terminates upon submission of the
4report under par. (c).
SB70-SSA2-SA1,173,95 (3r) Worker's compensation insurance; rate approval; notice. The
6commissioner of insurance shall submit to the legislative reference bureau for
7publication in the Wisconsin Administrative Register a notice of the effective date
8of new rates for worker's compensation insurance first approved by the
9commissioner under s. 626.13 after the effective date of this subsection.
SB70-SSA2-SA1,173,1410 (4r) Proposed permanent rules. The department of workforce development
11shall submit in proposed form the rules required under s. 103.105 (8) (c) and (cm),
12(9) (a) and (b) 3., and (12) (c) to the legislative council staff under s. 227.15 (1) no later
13than the first day of the 4th month beginning after the effective date of this
14subsection.
SB70-SSA2-SA1,173,1515 (5r) Rule-making exceptions for permanent rules.
SB70-SSA2-SA1,173,2016 (a) Notwithstanding s. 227.135 (2), the department of workforce development
17is not required to present the statement of the scope of the rules required under s.
18103.105 (8) (c) and (cm), (9) (a) and (b) 3., and (12) (c) to the department of
19administration for review by the department of administration and approval by the
20governor.
SB70-SSA2-SA1,173,2321 (b) Notwithstanding s. 227.185, the department of workforce development is
22not required to present the rules required under s. 103.105 (8) (c) and (cm), (9) (a) and
23(b) 3., and (12) (c) in final draft form to the governor for approval.
SB70-SSA2-SA1,174,3
1(c) Notwithstanding s. 227.137 (2), the department of workforce development
2is not required to prepare an economic impact analysis for the rules required under
3s. 103.105 (8) (c) and (cm), (9) (a) and (b) 3., and (12) (c).
SB70-SSA2-SA1,174,84 (d) Notwithstanding ss. 227.14 (2g) and 227.19 (3) (e), the department of
5workforce development is not required to submit the proposed rules required under
6s. 103.105 (8) (c) and (cm), (9) (a) and (b) 3., and (12) (c) to the small business
7regulatory review board and is not required to prepare a final regulatory flexibility
8analysis for those rules.
SB70-SSA2-SA1,174,209 (6r) Emergency rules. Using the procedure under s. 227.24, the department
10of workforce development shall promulgate the rules required under s. 103.105 (8)
11(c) and (cm), (9) (a) and (b) 3., and (12) (c) for the period before the effective date of
12the permanent rules promulgated under s. 103.105 (8) (c) and (cm), (9) (a) and (b) 3.,
13and (12) (c) but not to exceed the period authorized under s. 227.24 (1) (c), subject to
14extension under s. 227.24 (2). Notwithstanding s. 227.24 (1) (a), (2) (b), and (3), the
15department is not required to provide evidence that promulgating a rule under this
16subsection as an emergency rule is necessary for the preservation of public peace,
17health, safety, or welfare and is not required to provide a finding of an emergency for
18a rule promulgated under this subsection. Notwithstanding s. 227.24 (1) (e) 1d. and
191g., the department is not required to prepare a statement of the scope of the rules
20promulgated under this subsection or present the rules to the governor for approval.
SB70-SSA2-SA1,174,2121 (7r) Department of workforce development positions.
SB70-SSA2-SA1,174,2422 (a) The authorized FTE positions for the department of workforce development
23are increased by 0.42 GPR position, to be funded from the appropriation under s.
2420.445 (5) (a), to support vocational rehabilitation self-employment clients.
SB70-SSA2-SA1,175,3
1(b) The authorized FTE positions for the department of workforce development
2are increased by 1.58 FED positions, to be funded from the appropriation under s.
320.445 (5) (n), to support vocational rehabilitation self-employment clients.
SB70-SSA2-SA1,175,74 (c) The authorized FTE positions for the department of workforce development
5are increased by 198.0 SEG positions, to be funded from the appropriation under s.
620.445 (6) (r), to administer the paid family and medical leave benefits insurance
7program.
SB70-SSA2-SA1,9250 8Section 9250. Fiscal changes; Workforce Development.
SB70-SSA2-SA1,175,129 (1) Work injury supplemental benefits fund. On the effective date of this
10subsection, there is transferred from the appropriation account under s. 20.445 (1)
11(t) to the appropriation account under s. 20.445 (1) (rr) the unencumbered balance
12of the amount collected under s. 102.75 (1g).
SB70-SSA2-SA1,175,1613 (2) Transfers to family and medical leave benefits insurance trust fund.
14There is transferred from the general fund to the family and medical leave benefits
15insurance trust fund created under s. 25.52 $243,413,400 in the 2023-25 fiscal
16biennium.
SB70-SSA2-SA1,9350 17Section 9350. Initial applicability; Workforce Development.
SB70-SSA2-SA1,175,2018 (1r) Employment discrimination; consideration of conviction record. The
19treatment of s. 111.335 (3) (ag) first applies to an application for employment
20submitted to an employer on the effective date of this subsection.
SB70-SSA2-SA1,175,2421 (2r) Unemployment insurance; SSDI payments. The treatment of ss. 108.04 (2)
22(h) and (12) (f) 1m., 2m., 3., and 4. and 108.05 (7m) (title), (c), and (d), (9), and (10)
23(intro.) first applies to determinations issued under s. 108.09 on the effective date of
24this subsection.
SB70-SSA2-SA1,176,3
1(3r) Discrimination. The treatment of ss. 66.0903 (10) (d), 111.322 (2m) (c), and
2229.8275 first applies to acts of discrimination that occur on the effective date of this
3subsection.
SB70-SSA2-SA1,176,74 (4r) Employment discrimination damages. The treatment of ss. 111.39 (4) (d)
5and (5) (b) and (d), 111.397, 814.04 (intro.) (by Section 212r), and 893.995 first
6applies to acts of employment discrimination, unfair honesty testing, or unfair
7genetic testing committed on the effective date of this subsection.
SB70-SSA2-SA1,176,118 (5r) First responder PTSD coverage. The treatment of s. 102.17 (9) (a) 1., 1c.,
91e., 1g., and 1p. and (b) (intro.) first applies to injuries reported on the effective date
10of rate changes for worker's compensation insurance approved by the commissioner
11of insurance under s. 626.13 after the effective date of this subsection.
SB70-SSA2-SA1,176,1912 (6r) Collective bargaining agreement. The treatment of ss. 103.135, 103.36,
13106.54 (11), 111.322 (2m) (a) (by Section 188s) and (b) (by Section 188tr), and 814.04
14(intro.) (by Section 212s) first applies to an employee who is affected by a collective
15bargaining agreement that contains provisions inconsistent with the treatment of ss.
16103.135, 103.36, 106.54 (11), 111.322 (2m) (a) (by Section 188s) and (b) (by Section
17188tr), and 814.04 (intro.) (by Section 212s) on the day on which the collective
18bargaining agreement expires or is extended, modified, or renewed, whichever
19occurs first.
SB70-SSA2-SA1,176,2220 (7r) Family and medical leave. The treatment of s. 103.10 (12) (b) first applies
21to a violation that occurs, or that an employee should reasonably have known
22occurred, on the effective date of this subsection.
SB70-SSA2-SA1,176,2323 (8r) Paid family and medical leave insurance benefits.
SB70-SSA2-SA1,177,3
1(a) Family and medical leave benefits insurance trust fund contributions.
2Except as provided in par. (c), the treatment of s. 103.105 (8) first applies to wages
3earned on January 1, 2025.
SB70-SSA2-SA1,177,74 (b) Family or medical leave insurance benefits eligibility. Except as provided
5in par. (c), the treatment of s. 103.105 (3) first applies to a period of family leave, as
6defined in s. 103.105 (1) (f), or a period of medical leave, as defined in s. 103.105 (1)
7(h), commencing on January 1, 2025.
SB70-SSA2-SA1,177,188 (c) Collective bargaining agreements. The treatment of ss. 20.445 (6), 25.17 (1)
9(er), 25.52, 103.105, and 111.322 (2m) (a) (by Section 188r), with respect to rights to
10family and medical leave insurance benefits) and (b) (by Section 188t), with respect
11to rights to family and medical leave insurance benefits) and Section 9150 (4r), (5r),
12and (6r) of this act first apply to an employee who is affected by a collective
13bargaining agreement that contains provisions inconsistent with the treatment of ss.
1420.445 (6), 25.17 (1) (er), 25.52, 103.105, and 111.322 (2m) (a) (by Section 188r), with
15respect to rights to family and medical leave insurance benefits) and (b) (by Section
16188t), with respect to rights to family and medical leave insurance benefits) and
17Section 9150 (4r), (5r), and (6r) of this act on the day on which the collective
18bargaining agreement expires or is extended, modified, or renewed.
SB70-SSA2-SA1,178,419 (9r) Prevailing wage. The treatment of ss. 19.36 (12), 66.0129 (5), 66.0903 (1)
20(a), (am), (b), (c), (cm), (dr), (em), (f), (g), (hm), (im), and (j), (1m) (b), and (2) to (12),
2184.41 (3), 84.54, 86.51, 103.005 (12) (a), 103.49, 103.50, 103.503 (1) (a), (e), and (g),
22(2), and (3) (a) 2., 104.001 (4), 106.04, 109.09 (1), 111.322 (2m) (a) (by Section 188r,
23with respect to rights to prevailing wages and hours of labor), (b) (by Section 188t,
24with respect to rights to prevailing wages and hours of labor), and (c), 227.01 (13) (t),
25229.682 (2), 229.8275, 946.15, and 978.05 (6) (a) first apply, with respect to a project

1of public works that is subject to bidding, to a project for which the request for bids
2is issued on the effective date of this subsection and, with respect to a project of public
3works that is not subject to bidding, to a project the contract for which is entered into
4on the effective date of this subsection.
SB70-SSA2-SA1,9450 5Section 9450. Effective dates; Workforce Development.
SB70-SSA2-SA1,178,86 (1) Employment discrimination; consideration of conviction record. The
7treatment of s. 111.335 (3) (ag) and Section 9350 (1r) of this act take effect on the first
8day of the 6th month beginning after publication.
SB70-SSA2-SA1,178,129 (2) Unemployment insurance; SSDI payments. The treatment of ss. 108.04 (2)
10(h) and (12) (f) 1m., 2m., 3., and 4. and 108.05 (7m) (title), (c), and (d), (9), and (10)
11(intro.) and Section 9350 (2r) of this act take effect on the first Sunday of the 7th
12month beginning after publication.
SB70-SSA2-SA1,178,1513 (3) Equal pay. The treatment of ss. 103.135, 103.36, 106.54 (11), 111.322 (2m)
14(a) (by Section 188s) and (b) (by Section 188tr), and 814.04 (intro.) (by Section 212s)
15takes effect on the first day of the 6th month beginning after publication.” .
SB70-SSA2-SA1,178,16 16124. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,178,18 17 Section 316. 20.005 (3) (schedule) of the statutes: at the appropriate place,
18insert the following amounts for the purposes indicated: - See PDF for table PDF
SB70-SSA2-SA1,317 19Section 317. 20.192 (1) (c) of the statutes is created to read:
SB70-SSA2-SA1,179,5
120.192 (1) (c) Venture capital fund of funds program. As a continuing
2appropriation, the amounts in the schedule to meet the financial needs of the venture
3capital fund of funds program established under s. 238.145 (2), including
4management fees and the amounts necessary to make investments through the
5program.
SB70-SSA2-SA1,318 6Section 318. 238.145 of the statutes is created to read:
SB70-SSA2-SA1,179,8 7238.145 Venture capital fund of funds program. (1) Definitions. In this
8section:
SB70-SSA2-SA1,179,99 (a) “Fund of funds program” means the program established under sub. (2).
SB70-SSA2-SA1,179,1110 (b) “Investment manager” means the person with whom the oversight board
11enters into a contract under sub. (4).
SB70-SSA2-SA1,179,1212 (c) “Oversight board” means the oversight board created under sub. (2) (c).
SB70-SSA2-SA1,179,16 13(2) Establishment of program. The corporation shall establish and administer
14a venture capital fund of funds program to invest moneys in venture capital funds
15that invest in businesses located in this state, subject to the requirements of this
16section. In establishing the program, the corporation shall do all of the following:
SB70-SSA2-SA1,179,1717 (a) Create a fund of funds.
SB70-SSA2-SA1,179,1918 (b) Provide that the assets of the fund of funds will continuously be reinvested
19in venture capital funds under the fund of funds program.
SB70-SSA2-SA1,179,2120 (c) Create an oversight board to conduct any activity as required by this section
21or as directed by the corporation.
SB70-SSA2-SA1,180,2 22(3) Investments in venture capital funds. (a) The investment manager shall
23request from the corporation moneys to make investments through the fund of funds
24program and to pay the investment manager's management fee, and the corporation

1shall, subject to the approval of the secretary of administration, pay the moneys to
2the investment manager from the appropriation under s. 20.192 (1) (c).
SB70-SSA2-SA1,180,43 (b) The oversight board shall establish investment policies for the fund of funds
4program, subject to all of the following conditions:
SB70-SSA2-SA1,180,85 1. All moneys paid to the investment manager under par. (a) to make
6investments shall be committed for investment to venture capital funds, subject to
7the requirements of this section, no later than 60 months after the creation of the
8fund of funds under sub. (2) (a).
SB70-SSA2-SA1,180,119 2. No more than $18,750,000 of the total moneys paid to the investment
10manager under par. (a) to make investments may be invested in any single venture
11capital fund.
SB70-SSA2-SA1,180,1312 3. At least 20 percent of the investments made through the program shall be
13directed to any combination of the following:
SB70-SSA2-SA1,180,1514 a. Businesses located in parts of this state that typically do not receive
15significant investment from venture capital funds.
SB70-SSA2-SA1,180,1816 b. Businesses that are at least 51 percent owned by one or more members of a
17racial minority group and whose management and daily business operations are
18controlled by one or more members of a racial minority group.
SB70-SSA2-SA1,180,2119 c. Businesses that are at least 51 percent owned by one or more women and
20whose management and daily business operations are controlled by one or more
21women.
SB70-SSA2-SA1,180,2222 (c) No investment may be made through the program in a lobbying or law firm.
SB70-SSA2-SA1,181,2 23(4) Investment manager. The oversight board shall contract with an
24investment manager who meets the qualifications established by the corporation.
25The contract shall establish the investment manager's compensation, including any

1management fee. A management fee may not annually exceed 1 percent of the total
2assets under management in the fund of funds program.
SB70-SSA2-SA1,181,6 3(5) Venture capital fund requirements. The investment manager shall
4contract with each venture capital fund that receives moneys through the fund of
5funds program. Each contract shall require the venture capital fund to do all of the
6following:
SB70-SSA2-SA1,181,97 (a) Make new investments in an amount equal to the amount of moneys it
8receives through the program in one or more businesses who are headquartered in
9this state and whose operations are primarily in this state.
SB70-SSA2-SA1,181,1610 (b) At least match any moneys it receives through the program and invests in
11a business described in par. (a) with an investment in that business of moneys the
12venture capital fund has raised from sources other than the program. The
13investment manager shall ensure that, on average, for every $1 a venture capital
14fund receives through the program and invests in a business described in par. (a), the
15venture capital fund invests $2 in that business from sources other than the
16program.
SB70-SSA2-SA1,181,1817 (c) Provide to the investment manager the information necessary for the
18investment manager to complete the reports under sub. (6) (a) and (c).
SB70-SSA2-SA1,181,22 19(6) Reports of the investment manager; public disclosures. (a) Annually, no
20later than 120 days after the end of the investment manager's fiscal year, the
21investment manager shall submit to the corporation a report for that fiscal year that
22includes all of the following:
SB70-SSA2-SA1,181,2423 1. An audit of the investment manager's financial statements performed by an
24independent certified public accountant.
SB70-SSA2-SA1,182,2
12. The investment manager's internal rate of return from investments made
2through the fund of funds program.
SB70-SSA2-SA1,182,43 3. For each venture capital fund that contracts with the investment manager
4under sub. (5), all of the following:
SB70-SSA2-SA1,182,55 a. The name and address of the venture capital fund.
SB70-SSA2-SA1,182,76 b. The amounts invested in the venture capital fund through the fund of funds
7program.
SB70-SSA2-SA1,182,98 c. An accounting of any fee the venture capital fund paid to itself or any
9principal or manager of the venture capital fund.
SB70-SSA2-SA1,182,1110 d. The venture capital fund's average internal rate of return on its investments
11of the moneys it received through the fund of funds program.
SB70-SSA2-SA1,182,1312 4. For each business in which a venture capital fund held an investment of
13moneys received through the fund of funds program, all of the following:
SB70-SSA2-SA1,182,1414 a. The name and address of the business.
SB70-SSA2-SA1,182,1515 b. A description of the nature of the business.
SB70-SSA2-SA1,182,1616 c. An identification of the venture capital fund.
SB70-SSA2-SA1,182,1817 d. The amount of the investment and the amount invested by the venture
18capital fund from funding sources other than the program.
SB70-SSA2-SA1,182,2019 e. The internal rate of return realized by the venture capital fund upon the
20venture capital fund's exit from the investment in the business.
SB70-SSA2-SA1,182,2421 f. A statement of the number of employees the business employed when the
22venture capital fund first invested moneys received through the program and the
23number of employees the business employed on the first day and last day of the
24investment manager's fiscal year.
SB70-SSA2-SA1,183,3
1(b) No later than 10 days after it receives the investment manager's report
2under par. (a), the corporation shall submit the report to the chief clerk of each house
3of the legislature, for distribution to the legislature under s. 13.172 (2).
SB70-SSA2-SA1,183,54 (c) Quarterly, the investment manager shall submit to the oversight board a
5report for the preceding quarter that includes all of the following:
SB70-SSA2-SA1,183,76 1. An identification of each venture capital fund under contract with the
7investment manager under sub. (5).
SB70-SSA2-SA1,183,108 2. An identification of each business in which a venture capital fund held an
9investment of moneys received through the fund of funds program and a statement
10of the amount of the investment in each business.
SB70-SSA2-SA1,183,1411 3. A statement of the number of employees the business employed when the
12venture capital fund first invested moneys received through the fund of funds
13program and the number of employees the business employed on the last day of the
14quarter.
SB70-SSA2-SA1,183,1615 (d) The oversight board shall make the reports under par. (c) readily accessible
16to the public on the corporation's Internet site.
SB70-SSA2-SA1,183,18 17(7) Policies and procedures. The corporation shall establish policies and
18procedures to administer this section.”.
SB70-SSA2-SA1,183,19 19125. Page 374, line 11: after that line insert:
SB70-SSA2-SA1,183,20 20 Section 319. 40.05 (4) (a) 2. of the statutes is amended to read:
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