Wisconsin's controversial venture capital legislation appears to be dead, at least for the current floor session.
The legislation, a holdover from last year, has been bogged down by months of debate and concerns about how much taxpayer money should be spent to try to boost venture capital investments — and whether programs involving certified capital companies, known as CAPCOs, would be involved.
"Well, in my opinion it is (dead)," said state Sen. Alberta Darling, R-River Hills, who led Senate efforts to draft venture capital legislation. "We've done our homework, we know this is something we want to do, but in my opinion we don't have the cash right now."
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