---
type: "Bill"
title: "Financial Services Expansion Grant Fund; established."
description: "Financial Services Expansion Grant Fund. Creates the Financial Services Expansion Grant Fund to make grant payments to an eligible financial services company that makes a capital investment of at least $87 million at a facility in Roanoke County and creates at least 1,100 new full-time jobs at the facility. The eligible financial services company would be eligible for an aggregate of $15 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to HB 468."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "SB 156"
citation: "Virginia SB 156 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Christopher T. Head"]
version_count: 3
action_count: 24
vote_count: 5
first_action: "2024-01-05"
last_action: "2024-03-14"
source: "openstates"
source_identifier: "ocd-bill/4e2e6413-240a-44dd-9bfb-bc7ca61083e5"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB156"
source_hash: "be35d665e35cb80f515668d19165627ea16d3216b92136678e80dde58acdb542"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 156 (2024) — Financial Services Expansion Grant Fund; established.

Financial Services Expansion Grant Fund. Creates the Financial Services Expansion Grant Fund to make grant payments to an eligible financial services company that makes a capital investment of at least $87 million at a facility in Roanoke County and creates at least 1,100 new full-time jobs at the facility. The eligible financial services company would be eligible for an aggregate of $15 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to HB 468.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0092** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0092)
2. **Prefiled and ordered printed; offered 01/10/24 24102880D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB156)
3. **SB156ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB156ER)

## Votes

- VOTE: Passage (91-Y 4-N) — **90–4** (pass) · lower
- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Appropriations (22-Y 0-N) — **22–0** (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Finance and Appropriations (13-Y 0-N) — **13–0** (pass) · upper

## Sponsors

- Christopher T. Head — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-05** Prefiled and ordered printed; offered 01/10/24 24102880D `filing, introduction`
- **2024-01-05** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-01-19** Impact statement from DPB (SB156)
- **2024-01-24** Reported from Finance and Appropriations (13-Y 0-N) `committee-passage`
- **2024-01-25** Constitutional reading dispensed (40-Y 0-N)
- **2024-01-26** Read second time and engrossed `reading-2`
- **2024-01-29** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
- **2024-02-13** Placed on Calendar
- **2024-02-13** Read first time `reading-1`
- **2024-02-13** Referred to Committee on Appropriations `referral-committee`
- **2024-02-21** Reported from Appropriations (22-Y 0-N) `committee-passage`
- **2024-02-23** Read second time `reading-2`
- **2024-02-26** Read third time `reading-3`
- **2024-02-26** Passed House (91-Y 4-N) `passage`
- **2024-02-26** VOTE: Passage (91-Y 4-N) `passage`
- **2024-02-29** Enrolled `enrolled`
- **2024-02-29** Bill text as passed Senate and House (SB156ER) `passage`
- **2024-02-29** Impact statement from DPB (SB156ER)
- **2024-02-29** Signed by Speaker `passage`
- **2024-03-03** Signed by President `passage`
- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-03-14** Approved by Governor-Chapter 92 (effective 7/1/24) `executive-signature`
- **2024-03-14** Acts of Assembly Chapter text (CHAP0092)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4e2e6413-240a-44dd-9bfb-bc7ca61083e5`. Confidence: reported (aggregated from official Virginia legislature records).