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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

2026-07-06 17:28:36 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

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Bill

Securities Act; equity crowdfunding exemption.

Securities Act; crowdfunding exemption. Repeals the sunset provision on the existing measure that authorizes the State Corporation Commission to adopt an exemption for limited offerings of securities by small and startup companies, known as equity crowdfunding, from the registration provisions of the Securities Act. These crowdfunding provisions, which were enacted in 2015, are currently scheduled to expire on July 1, 2020. The measure also broadens the existing exemption to apply to offerings conducted in accordance with Rule 147A adopted by the U.S. Securities and Exchange Commission (SEC). Because Rule 147A does not require the issuer of the securities to be incorporated or organized in the same state where the offering occurs, the measure creates a carve-out for offerings under Rule 147A from the existing requirement that the issuer be formed, organized, or existing under the laws of the Commonwealth. This bill is identical to SB 542.

us/states/va

Virginia General Assembly

2020

HB 1339

Virginia HB 1339 (2020)

bill

enacted

Terry G. Kilgore

2020-01-08

2020-03-12

openstates

ocd-bill/e6b4c88f-0597-4848-b113-484cd38f8109

https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1339

d134b13b9d5ad65973072526d3bfdb5b7d533bc5159362d67cf406768cae978a

2026-07-01

https://data.openstates.org/daily/2026-07-01/public.pgdump

2026-07-06

reported

legislation

bill

us-va

Virginia HB 1339 (2020) — Securities Act; equity crowdfunding exemption.

Version chain

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

Acts of Assembly Chapter text (CHAP0331) (committee substitute) — source
Bill text as passed House and Senate (HB1339ER) (committee substitute) — source
Engrossed by House - committee substitute HB1339H1 (committee substitute) — source
Impact statement from SCC (HB1339) (committee substitute) — source
Impact statement from SCC (HB1339S1) (committee substitute) — source

Votes

VOTE: (98-Y 0-N) — 97–0 (pass) · lower
Passed Senate with substitute (40-Y 0-N) — 40–0 (pass) · upper
VOTE: Adoption (97-Y 0-N) — 96–0 (pass) · lower
Reported from Commerce and Labor with substitute (15-Y 0-N) — 15–0 (pass) · upper
Reported from Labor and Commerce with substitute (16-Y 0-N) — 16–0 (pass) · lower
Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper

Timeline

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

2020-01-08 Prefiled and ordered printed; offered 01/08/20 20100232D introduction
2020-01-08 Referred to Committee on Labor and Commerce referral-committee
2020-01-13 Impact statement from SCC (HB1339)
2020-01-23 House committee, floor amendments and substitutes offered
2020-01-23 Reported from Labor and Commerce with substitute (16-Y 0-N) committee-passage
2020-01-23 Committee substitute printed 20105903D-H1 substitution
2020-01-27 Read first time reading-1
2020-01-28 Read second time reading-2
2020-01-28 Committee substitute agreed to 20105903D-H1
2020-01-28 Engrossed by House - committee substitute HB1339H1
2020-01-29 Read third time and passed House BLOCK VOTE (98-Y 0-N) passage, reading-3
2020-01-29 VOTE: (98-Y 0-N)
2020-01-30 Constitutional reading dispensed
2020-01-30 Referred to Committee on Commerce and Labor referral-committee
2020-02-17 Reported from Commerce and Labor with substitute (15-Y 0-N) committee-passage
2020-02-17 Committee substitute printed 20108459D-S1 substitution
2020-02-19 Constitutional reading dispensed (39-Y 0-N)
2020-02-20 Read third time reading-3
2020-02-20 Impact statement from SCC (HB1339S1)
2020-02-20 Reading of substitute waived
2020-02-20 Committee substitute agreed to 20108459D-S1
2020-02-20 Engrossed by Senate - committee substitute HB1339S1
2020-02-20 Passed Senate with substitute (40-Y 0-N) passage
2020-02-24 Placed on Calendar
2020-02-24 Senate substitute agreed to by House 20108459D-S1 (97-Y 0-N)
2020-02-24 VOTE: Adoption (97-Y 0-N)
2020-02-28 Enrolled
2020-02-28 Signed by Speaker
2020-03-02 Signed by President
2020-03-03 Impact statement from SCC (HB1339ER)
2020-03-11 Enrolled Bill communicated to Governor on March 11, 2020
2020-03-11 Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-12 Approved by Governor-Chapter 331 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e6b4c88f-0597-4848-b113-484cd38f8109. Confidence: reported (aggregated from official Virginia legislature records).

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