---
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 SB 156."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "HB 468"
citation: "Virginia HB 468 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Joseph P. McNamara"]
version_count: 3
action_count: 27
vote_count: 7
first_action: "2024-01-08"
last_action: "2024-03-14"
source: "openstates"
source_identifier: "ocd-bill/879da921-5658-48cf-8f17-3027f0210b55"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB468"
source_hash: "a962c9381f324d07a3e372600e5c1b456809111f982c140bd79899b720e92d57"
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 HB 468 (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 SB 156.

## Version chain

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

1. **CHAP0091** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0091)
2. **HB468ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB468ER)
3. **Prefiled and ordered printed; offered 01/10/24 24102878D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB468)

## Votes

- Reported from Appropriations (21-Y 0-N) — **21–0** (pass) · lower
- VOTE: Block Vote Passage (92-Y 0-N) — **91–0** (pass) · lower
- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Referred from Finance — **0–0** (fail) · lower
- Reported from Finance and Appropriations (14-Y 0-N) — **14–0** (pass) · upper
- Subcommittee recommends reporting (8-Y 0-N) — **8–0** (pass) · lower

## Sponsors

- Joseph P. McNamara — primary (person)

## Timeline

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

- **2024-01-08** Prefiled and ordered printed; offered 01/10/24 24102878D `filing, introduction`
- **2024-01-08** Referred to Committee on Finance `referral-committee`
- **2024-01-17** Referred from Finance `referral-committee`
- **2024-01-17** Referred to Committee on Appropriations `referral-committee`
- **2024-01-18** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
- **2024-01-19** Impact statement from DPB (HB468)
- **2024-01-24** Subcommittee recommends reporting (8-Y 0-N)
- **2024-01-29** Reported from Appropriations (21-Y 0-N) `committee-passage`
- **2024-01-31** Read first time `reading-1`
- **2024-02-01** Read second time and engrossed `reading-2`
- **2024-02-02** Read third time and passed House BLOCK VOTE (92-Y 0-N) `passage, reading-3`
- **2024-02-02** VOTE: Block Vote Passage (92-Y 0-N) `passage`
- **2024-02-05** Constitutional reading dispensed
- **2024-02-05** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-02-21** Reported from Finance and Appropriations (14-Y 0-N) `committee-passage`
- **2024-02-22** Constitutional reading dispensed (40-Y 0-N)
- **2024-02-23** Read third time `reading-3`
- **2024-02-23** Passed Senate (39-Y 0-N) `passage`
- **2024-02-28** Enrolled `enrolled`
- **2024-02-28** Bill text as passed House and Senate (HB468ER) `passage`
- **2024-02-28** Impact statement from DPB (HB468ER)
- **2024-02-28** Signed by Speaker `passage`
- **2024-03-02** Signed by President `passage`
- **2024-03-11** Enrolled Bill communicated to Governor on March 11, 2024 `enrolled, executive-receipt`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-03-14** Approved by Governor-Chapter 91 (effective 7/1/24) `executive-signature`
- **2024-03-14** Acts of Assembly Chapter text (CHAP0091)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/879da921-5658-48cf-8f17-3027f0210b55`. Confidence: reported (aggregated from official Virginia legislature records).