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---
type: "Bill"
title: "Virginia Small Business Financing Authority; risk-based review of outstanding loans."
description: "Virginia Small Business Financing Authority;risk-based review of outstanding loans; report. Requires theVirginia Small Business Financing Authority to conduct a risk-basedreview of all outstanding loans at least annually and report theresults of such review to the Board of Directors. This bill is arecommendation of the Joint Legislative Audit and Review Commission."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2021"
identifier: "HB 2170"
citation: "Virginia HB 2170 (2021)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Candi Mundon King"]
version_count: 3
action_count: 22
vote_count: 6
first_action: "2021-01-12"
last_action: "2021-03-18"
source: "openstates"
source_identifier: "ocd-bill/7b81fcf4-d322-480c-85d2-c3fd9763f0b9"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB2170"
source_hash: "8b76f48cd30baf7bae34d3231b6373201efc11afb1af7ee938b92a0826505ec6"
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 2170 (2021) — Virginia Small Business Financing Authority; risk-based review of outstanding loans.
Virginia Small Business Financing Authority;risk-based review of outstanding loans; report. Requires theVirginia Small Business Financing Authority to conduct a risk-basedreview of all outstanding loans at least annually and report theresults of such review to the Board of Directors. This bill is arecommendation of the Joint Legislative Audit and Review Commission.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **CHAP0147** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0147)
2. **HB2170ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2170ER)
3. **Prefiled and ordered printed; offered 01/13/21 21101618D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2170)
## Votes
- Reported from General Laws (20-Y 1-N) — **201** (pass) · lower
- VOTE: Passage (99-Y 0-N) — **980** (pass) · lower
- Passed Senate (39-Y 0-N) — **390** (pass) · upper
- Constitutional reading dispensed (39-Y 0-N) — **390** (pass) · upper
- Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N) — **140** (pass) · upper
- Reported from General Laws and Technology (12-Y 0-N) — **120** (pass) · upper
## Sponsors
- Candi Mundon King — primary (person)
- Elizabeth R. Guzman — cosponsor (person)
- Kelly K. Convirs-Fowler — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-01-12** Prefiled and ordered printed; offered 01/13/21 21101618D `introduction`
- **2021-01-12** Referred to Committee on General Laws `referral-committee`
- **2021-01-16** Impact statement from DPB (HB2170)
- **2021-01-19** Reported from General Laws (20-Y 1-N) `committee-passage`
- **2021-01-20** Read first time `reading-1`
- **2021-01-21** Read second time and engrossed `reading-2`
- **2021-01-22** Read third time and passed House (99-Y 0-N) `passage, reading-3`
- **2021-01-22** VOTE: Passage (99-Y 0-N)
- **2021-01-25** Constitutional reading dispensed
- **2021-01-25** Referred to Committee on General Laws and Technology `referral-committee`
- **2021-02-05** Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N)
- **2021-02-10** Reported from General Laws and Technology (12-Y 0-N) `committee-passage`
- **2021-02-12** Constitutional reading dispensed (39-Y 0-N)
- **2021-02-15** Read third time `reading-3`
- **2021-02-15** Passed Senate (39-Y 0-N) `passage`
- **2021-02-19** Enrolled
- **2021-02-19** Signed by Speaker
- **2021-02-22** Impact statement from DPB (HB2170ER)
- **2021-02-22** Signed by President
- **2021-02-24** Enrolled Bill communicated to Governor on February 24, 2021
- **2021-02-24** Governor's Action Deadline 11:59 p.m., March 31, 2021
- **2021-03-18** Approved by Governor-Chapter 147 (effective 7/1/21) `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7b81fcf4-d322-480c-85d2-c3fd9763f0b9`. Confidence: reported (aggregated from official Virginia legislature records).