Wisconsin Banking Laws Supermajority Requirement Amendment, Question 5 (April 1981)

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The Wisconsin Banking Laws Supermajority Requirement Amendment was a legislatively-referred constitutional amendment on the April 7, 1981 ballot in Wisconsin, where it was approved.

This amendment was part of a combined proposal with Wisconsin Legislative Creation of Corporations Amendment, Question 4 (April 1981) to modified Article XI, Section 1 and 4 of the state constitution to remove obsolete corporate and banking provisions. Question 5 specifically delete with a provision in Section 4 requiring a two-thirds majority to pass banking laws.[1]

Election results

Question 5
ResultVotesPercentage
Approveda Yes 338,142 53.83%
No290,03546.17%

Official results via: The Wisconsin Blue Book 1981-1982

Text of measure

The language that appeared on the ballot:

"Shall section 4 of article XI of the constitution be amended to remove the requirement that banking laws be passed by the legislature by a two-thirds vote?"[1]

Constitutional changes

[Article XI] Section 4. The legislature shall have power to may enact a general banking law for the creation of banks, and for the regulation and supervision of the banking business, provided that the vote of two-thirds of all the members elected to each house, to be taken by yeas and nays, be in favor of the passage of such law.[1]

Support/Opposition

There was no major support or opposition to this amendment[2]

Path to the ballot

  • First Legislative Approval: AJR 53 & JR 21 (1979)
  • Second Legislative Approval: AJR 13 & JR 9 (1981)[3]
  • The two-thirds requirement for banking laws was enacted after a 1902 amendment. Before 1902, the passage of the banking laws required approval by voters, which was originally enacted over public concern of banking influence over the legislature stemming from the time when Wisconsin was still a territory.[2]

See also

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References