Fabio
92 lines
5.0 KiB
Markdown
92 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "State Corporation Commission; supervisory merger or transfer of assets of certain credit unions."
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description: "State Corporation Commission; supervisory merger or transfer of assets of financially unstable credit union. Amends the provisions governing the supervisory merger or transfer of assets of insolvent credit unions to include state credit unions that are financially unstable. The measure removes the requirement that the Commission find that an emergency exists to expedite mergers or sales of assets between credit unions."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2021"
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identifier: "HB 1964"
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citation: "Virginia HB 1964 (2021)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Lamont Bagby"]
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version_count: 4
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action_count: 27
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vote_count: 6
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first_action: "2021-01-11"
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last_action: "2021-03-18"
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source: "openstates"
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source_identifier: "ocd-bill/655253a0-4a28-41c8-869b-2fa32bd9c338"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB1964"
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source_hash: "f8345eb4772f7b69bec95d547045906e49ddb581ca75c0e6f2ddeb602365d32a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 1964 (2021) — State Corporation Commission; supervisory merger or transfer of assets of certain credit unions.
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State Corporation Commission; supervisory merger or transfer of assets of financially unstable credit union. Amends the provisions governing the supervisory merger or transfer of assets of insolvent credit unions to include state credit unions that are financially unstable. The measure removes the requirement that the Commission find that an emergency exists to expedite mergers or sales of assets between credit unions.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0143** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0143)
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2. **HB1964ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1964ER)
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3. **Prefiled and ordered printed; offered 01/13/21 21100820D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1964)
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4. **Printed as engrossed 21100820D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1964E)
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## Votes
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- Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
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- Reported from Labor and Commerce with amendment(s) (22-Y 0-N) — **22–0** (pass) · lower
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- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
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- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
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- Constitutional reading dispensed (38-Y 0-N) — **38–0** (pass) · upper
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- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
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## Sponsors
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- Lamont Bagby — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2021-01-11** Prefiled and ordered printed; offered 01/13/21 21100820D `introduction`
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- **2021-01-11** Referred to Committee on Labor and Commerce `referral-committee`
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- **2021-01-18** Impact statement from SCC (HB1964)
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- **2021-01-19** House committee, floor amendments and substitutes offered
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- **2021-01-19** Reported from Labor and Commerce with amendment(s) (22-Y 0-N) `committee-passage`
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- **2021-01-20** Read first time `reading-1`
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- **2021-01-21** Read second time `reading-2`
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- **2021-01-21** Committee amendments agreed to
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- **2021-01-21** Engrossed by House as amended HB1964E
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- **2021-01-21** Printed as engrossed 21100820D-E
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- **2021-01-22** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
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- **2021-01-22** VOTE: Block Vote Passage (99-Y 0-N)
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- **2021-01-25** Constitutional reading dispensed
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- **2021-01-25** Referred to Committee on Commerce and Labor `referral-committee`
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- **2021-01-27** Impact statement from SCC (HB1964E)
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- **2021-02-05** Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N)
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- **2021-02-22** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
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- **2021-02-23** Constitutional reading dispensed (38-Y 0-N)
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- **2021-02-24** Read third time `reading-3`
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- **2021-02-24** Passed Senate (39-Y 0-N) `passage`
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- **2021-02-26** Enrolled
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- **2021-02-26** Impact statement from SCC (HB1964ER)
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- **2021-02-26** Signed by Speaker
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- **2021-02-27** Signed by President
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- **2021-03-01** Enrolled Bill communicated to Governor on March 1, 20201
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- **2021-03-01** Governor's Action Deadline 11:59 p.m., March 31, 2021
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- **2021-03-18** Approved by Governor-Chapter 143 (effective 7/1/21) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/655253a0-4a28-41c8-869b-2fa32bd9c338`. Confidence: reported (aggregated from official Virginia legislature records).
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