Assembly Bill 165 seeks to establish regulations regarding local guaranteed income programs in Wisconsin. The bill defines a "guaranteed income program" as one that provides individuals with regular, unearned cash payments that can be used for any purpose, explicitly excluding programs that require work or training.

The legislation prohibits political subdivisions, which include cities, villages, towns, and counties, from using their funds—such as shared revenue payments, tax revenues, or fee revenues—to make payments to individuals under any guaranteed income program. This measure aims to restrict the financial resources of local governments in relation to guaranteed income initiatives.