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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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Bill

Virginia College Savings Plan; analyzing current programs to encourage citizens to save.

Multiple employer retirement plan for private employers and their employees. Directs the governing board of the Virginia College Savings Plan (the Board) to establish the Multiple Employer Retirement Plan (the Plan). The Plan shall allow employees of private employers in the Commonwealth to contribute to a defined contribution retirement plan overseen by the Board. The bill allows all self-employed individuals, sole proprietors, and nongovernmental employers to allow their employees to participate in the Plan. It provides for automatic enrollment of an employer's employees if such employer chooses to participate in the Plan. The bill authorizes the Board to contract with third parties to implement and administer the Plan. The Plan shall allow an enrollee to contribute to an account at a default rate and modify his contributions within the parameters of the Internal Revenue Code. The Plan allows but does not require a participating employer to contribute to the account of any enrollee. The bill prohibits the Commonwealth from guaranteeing a rate of return or interest rate on any contribution and indemnifies it from losses incurred through the Plan. The bill contains a reenactment clause and directs the Virginia College Savings Plan to analyze current state and federal retirement programs, other retirement savings options, costs, and the level of interest in such a plan. The Virginia College Savings Plan shall report its findings and recommendations to the General Assembly on or before December 15, 2020.

us/states/va

Virginia General Assembly

2020

HB 775

Virginia HB 775 (2020)

bill

enacted

Hala S. Ayala

2020-01-07

2020-03-27

openstates

ocd-bill/2ad2803e-7e59-451f-a00f-ece44707ec35

https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB775

02f5c1b61862f3d1f52cb3add8e2368389fbc27ce098f33e5c6737223fc69c2d

2026-07-01

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

2026-07-06

reported

legislation

bill

us-va

Virginia HB 775 (2020) — Virginia College Savings Plan; analyzing current programs to encourage citizens to save.

Version chain

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

Acts of Assembly Chapter text (CHAP0506) (committee substitute) — source
Bill text as passed House and Senate (HB775ER) (committee substitute) — source
Engrossed by House - committee substitute with amendments HB775EH1 (committee substitute) — source
Engrossed by Senate - committee substitute HB775S1 (committee substitute) — source
Impact statement from DPB (HB775) (committee substitute) — source
Impact statement from DPB (HB775H1) (committee substitute) — source

Votes

Passed Senate with substitute (38-Y 0-N) — 38–0 (pass) · upper
VOTE: Adoption (91-Y 7-N) — 90–7 (pass) · lower
VOTE: Passage (93-Y 5-N) — 92–5 (pass) · lower
Reported from Appropriations with substitute (17-Y 0-N) — 17–0 (pass) · lower
Reported from Finance and Appropriations with substitute (15-Y 0-N) — 15–0 (pass) · upper
Referred from General Laws — 0–0 (fail) · lower
Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
Subcommittee recommends reporting with substitute (4-Y 1-N) — 4–1 (pass) · lower

Timeline

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

2020-01-07 Prefiled and ordered printed; offered 01/08/20 20104487D introduction
2020-01-07 Referred to Committee on General Laws referral-committee
2020-01-16 Impact statement from DPB (HB775)
2020-01-16 Referred from General Laws
2020-01-16 Referred to Committee on Appropriations referral-committee
2020-01-17 Assigned App. sub: Compensation & General Government referral-committee
2020-01-28 Subcommittee recommends reporting with substitute (4-Y 1-N)
2020-01-29 House committee, floor amendments and substitutes offered
2020-01-29 Committee substitute printed 20106638D-H1 substitution
2020-01-29 Reported from Appropriations with substitute (17-Y 0-N) committee-passage
2020-01-31 Read first time reading-1
2020-02-03 Passed by for the day
2020-02-04 Read second time reading-2
2020-02-04 Passed by for the day
2020-02-05 House committee, floor amendments and substitutes offered
2020-02-05 Read second time reading-2
2020-02-05 Committee substitute agreed to 20106638D-H1
2020-02-05 Amendments by Delegate Ayala agreed to amendment-passage
2020-02-05 Engrossed by House - committee substitute with amendments HB775EH1
2020-02-05 Impact statement from DPB (HB775H1)
2020-02-05 Printed as engrossed 20106638D-EH1
2020-02-06 Read third time and passed House (93-Y 5-N) passage, reading-3
2020-02-06 Impact statement from DPB (HB775EH1)
2020-02-06 VOTE: Passage (93-Y 5-N)
2020-02-07 Constitutional reading dispensed
2020-02-07 Referred to Committee on Finance and Appropriations referral-committee
2020-02-19 Reported from Finance and Appropriations with substitute (15-Y 0-N) committee-passage
2020-02-19 Committee substitute printed 20108194D-S1 substitution
2020-02-20 Constitutional reading dispensed (40-Y 0-N)
2020-02-21 Read third time reading-3
2020-02-21 Reading of substitute waived
2020-02-21 Committee substitute agreed to 20108194D-S1
2020-02-21 Engrossed by Senate - committee substitute HB775S1
2020-02-21 Passed Senate with substitute (38-Y 0-N) passage
2020-02-25 Placed on Calendar
2020-02-25 Senate substitute agreed to by House 20108194D-S1 (91-Y 7-N)
2020-02-25 VOTE: Adoption (91-Y 7-N)
2020-03-02 Enrolled
2020-03-02 Impact statement from DPB (HB775ER)
2020-03-02 Signed by Speaker
2020-03-03 Signed by President
2020-03-12 Enrolled Bill communicated to Governor on March 12, 2020
2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-27 Approved by Governor-Chapter 506 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/2ad2803e-7e59-451f-a00f-ece44707ec35. Confidence: reported (aggregated from official Virginia legislature records).

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