Bill Walters (April 17, 1943 – March 5, 2013) was an American lawyer, businessman, and politician. Born in Paris in Logan County in western Arkansas, Walters received his Bachelor of Arts from the University of Arkansas at Fayetteville and his Juris Doctor from the University of Arkansas School of Law. He practiced law in Greenwood in Sebastian County and was a prosecuting attorney, municipal judge, and was engaged in the real estate business. He served from 1983 to 2000 in the Arkansas State Senate as a Republican. His wife, Shirley Ann Walters, served from 2003 to 2008 in the Arkansas House of Representatives as a Republican.