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republic-os/legislation/us/states/va/2021/hb-2174.md
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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
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
Bill State-Facilitated IRA Savings Program; established, membership, report. VirginiaSaves Program; establishment. Directs the governing board of the Virginia College Savings Plan (the Board) to establish an automatic enrollment payroll deduction individual retirement account (IRA) retirement savings program, to be known as the VirginiaSaves Program (the Program). The Board shall administer the Program and develop requirements, procedures, and guidelines for the Program, including default contribution rates, procedures for enrollment and withdrawal, and procedures for noncompliance. Moneys in the Program shall be invested in a manner deemed appropriate by the Board.Participation in the Program is mandatory for eligible employers, defined in the bill as self-employed individuals, sole proprietors, and nongovernmental employers having five or more employees that do not offer a qualified retirement plan to their employees. Each eligible employee, defined generally as an individual employed by an eligible employer, shall be enrolled in the Program unless the employee elects not to participate in the Program.The bill contains provisions limiting the liability of the Board, the Plan, and the Commonwealth or any of its political subdivisions for obligations associated with the Program. The Commonwealth shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Participating employers shall not (i) have any liability for an employee's decision to participate in or opt out of the Plan, (ii) be a fiduciary over the Program, or (iii) have any liability or responsibility related to the operation of the Program. The bill also adds a requirement that at least one member of the Board have expertise in the management and administration of private defined contribution retirement plans.The Program shall be established, and enrollment shall begin, no later than July 1, 2023. us/states/va Virginia General Assembly 2021 HB 2174 Virginia HB 2174 (2021)
bill
enacted
Luke E. Torian
6 79 16 2021-01-12 2021-04-15 openstates ocd-bill/b0cd50eb-7589-43b2-b89e-4975eae06a57 https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB2174 6c4e6502779d33088331bdd549f6abe8c226f2e96bfd300489b41c6a1ae4ff35 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia HB 2174 (2021) — State-Facilitated IRA Savings Program; established, membership, report.

VirginiaSaves Program; establishment. Directs the governing board of the Virginia College Savings Plan (the Board) to establish an automatic enrollment payroll deduction individual retirement account (IRA) retirement savings program, to be known as the VirginiaSaves Program (the Program). The Board shall administer the Program and develop requirements, procedures, and guidelines for the Program, including default contribution rates, procedures for enrollment and withdrawal, and procedures for noncompliance. Moneys in the Program shall be invested in a manner deemed appropriate by the Board.Participation in the Program is mandatory for eligible employers, defined in the bill as self-employed individuals, sole proprietors, and nongovernmental employers having five or more employees that do not offer a qualified retirement plan to their employees. Each eligible employee, defined generally as an individual employed by an eligible employer, shall be enrolled in the Program unless the employee elects not to participate in the Program.The bill contains provisions limiting the liability of the Board, the Plan, and the Commonwealth or any of its political subdivisions for obligations associated with the Program. The Commonwealth shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Participating employers shall not (i) have any liability for an employee's decision to participate in or opt out of the Plan, (ii) be a fiduciary over the Program, or (iii) have any liability or responsibility related to the operation of the Program. The bill also adds a requirement that at least one member of the Board have expertise in the management and administration of private defined contribution retirement plans.The Program shall be established, and enrollment shall begin, no later than July 1, 2023.

Version chain

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

  1. CHAP0556 (committee substitute) — source
  2. Committee substitute printed 21103389D-H1 (committee substitute) — source
  3. Committee substitute printed 21104455D-S1 (committee substitute) — source
  4. Conference substitute printed 21200753D-H2 (committee substitute) — source
  5. Floor substitute printed 21200437D-S2 (Suetterlein) (committee substitute) — source
  6. HB2174ER (committee substitute) — source

Votes

  • VOTE: Passage (56-Y 44-N) — 55–44 (pass) · lower
  • Constitutional reading dispensed (37-Y 0-N) — 37–0 (pass) · upper
  • VOTE: Adoption (55-Y 45-N) — 54–45 (pass) · lower
  • Conference report rejected by Senate (15-Y 24-N) — 15–24 (fail) · upper
  • Senate rejected Governor's recommendation (11-Y 29-N) — 11–28 (fail) · upper
  • VOTE: Agreed To (52-Y 41-N) — 51–41 (pass) · lower
  • Reported from Finance and Appropriations with substitute (11-Y 1-N 4-A) — 11–1 (pass) · upper
  • Conference report agreed to by Senate (21-Y 15-N) — 21–15 (pass) · upper
  • Subcommittee recommends reporting with amendments (5-Y 3-N) — 5–3 (pass) · lower
  • Passed Senate with substitute with amendments (23-Y 14-N) — 23–14 (pass) · upper
  • Amendments by Senator Sutterlein rejected (19-Y 20-N) — 19–20 (fail) · upper
  • Senate insisted on substitute with amendments (39-Y 0-N) — 39–0 (pass) · upper
  • Reported from Appropriations with substitute (13-Y 6-N) — 13–6 (pass) · lower
  • Senate requested second conference committee (23-Y 16-N) — 23–16 (pass) · upper
  • VOTE: REJECTED (2-Y 95-N) — 2–94 (fail) · lower
  • Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) — 16–0 (pass) · upper

Sponsors

  • Luke E. Torian — primary (person)
  • Dan I. Helmer — cosponsor (person)
  • Hala S. Ayala — cosponsor (person)

Timeline

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

  • 2021-01-12 Prefiled and ordered printed; offered 01/13/21 21102814D introduction
  • 2021-01-12 Referred to Committee on Appropriations referral-committee
  • 2021-01-15 Assigned App. sub: Compensation & General Government referral-committee
  • 2021-01-19 House subcommittee amendments and substitutes offered
  • 2021-01-19 Subcommittee recommends reporting with amendments (5-Y 3-N)
  • 2021-01-20 House committee, floor amendments and substitutes offered
  • 2021-01-20 House committee, floor amendments and substitutes offered
  • 2021-01-20 Committee substitute printed 21103389D-H1 substitution
  • 2021-01-20 Reported from Appropriations with substitute (13-Y 6-N) committee-passage
  • 2021-01-21 Read first time reading-1
  • 2021-01-22 Passed by for the day
  • 2021-01-25 Read second time reading-2
  • 2021-01-25 Committee substitute agreed to 21103389D-H1
  • 2021-01-25 Engrossed by House - committee substitute HB2174H1
  • 2021-01-26 Read third time and passed House (56-Y 44-N) passage, reading-3
  • 2021-01-26 VOTE: Passage (56-Y 44-N)
  • 2021-01-26 Impact statement from DPB (HB2174H1)
  • 2021-01-27 Constitutional reading dispensed
  • 2021-01-27 Referred to Committee on Finance and Appropriations referral-committee
  • 2021-02-05 Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
  • 2021-02-16 Senate committee, floor amendments and substitutes offered
  • 2021-02-16 Reported from Finance and Appropriations with substitute (11-Y 1-N 4-A) committee-passage
  • 2021-02-16 Committee substitute printed 21104455D-S1 substitution
  • 2021-02-16 Constitutional reading dispensed (37-Y 0-N)
  • 2021-02-17 Read third time reading-3
  • 2021-02-17 Passed by for the day
  • 2021-02-18 Impact statement from DPB (HB2174S1)
  • 2021-02-18 Senate committee, floor amendments and substitutes offered
  • 2021-02-18 Floor substitute printed 21200437D-S2 (Suetterlein)
  • 2021-02-18 Read third time reading-3
  • 2021-02-18 Passed by temporarily
  • 2021-02-18 Passed by for the day
  • 2021-02-19 Senate committee, floor amendments and substitutes offered
  • 2021-02-19 Read third time reading-3
  • 2021-02-19 Substitute by Senator Suetterlein withdrawn
  • 2021-02-19 Reading of substitute waived
  • 2021-02-19 Committee substitute agreed to 21104455D-S1
  • 2021-02-19 Reading of amendments waived
  • 2021-02-19 Amendments by Senator Sutterlein rejected (19-Y 20-N) amendment-failure
  • 2021-02-19 Passed by temporarily
  • 2021-02-19 Reading of amendments waived
  • 2021-02-19 Passed by temporarily
  • 2021-02-19 Amendments by Senator Petersen agreed to amendment-passage
  • 2021-02-19 Engrossed by Senate - committee substitute with amendments HB2174S1
  • 2021-02-19 Passed Senate with substitute with amendments (23-Y 14-N) passage
  • 2021-02-23 Placed on Calendar
  • 2021-02-23 Senate substitute with amendments rejected by House 21104455D-S1 (2-Y 95-N)
  • 2021-02-23 VOTE: REJECTED (2-Y 95-N)
  • 2021-02-24 Senate insisted on substitute with amendments (39-Y 0-N)
  • 2021-02-24 Senate requested conference committee
  • 2021-02-25 House acceded to request
  • 2021-02-25 Conferees appointed by House
  • 2021-02-25 Conferees appointed by Senate
  • 2021-02-27 Amended by conference committee
  • 2021-02-27 Conference substitute printed 21200753D-H2
  • 2021-02-27 Passed by temporarily
  • 2021-02-27 Conference report rejected by Senate (15-Y 24-N)
  • 2021-02-27 Senate requested second conference committee (23-Y 16-N)
  • 2021-02-27 House acceded to request for second conference committee
  • 2021-02-27 Second conferees appointed by House
  • 2021-02-27 Second conferees appointed by Senate
  • 2021-02-27 Conference report agreed to by Senate (21-Y 15-N)
  • 2021-02-27 Conference report agreed to by House (52-Y 41-N)
  • 2021-02-27 VOTE: Agreed To (52-Y 41-N)
  • 2021-03-01 Impact statement from DPB (HB2174H2)
  • 2021-03-09 Enrolled
  • 2021-03-09 Signed by President
  • 2021-03-11 Signed by Speaker
  • 2021-03-15 Enrolled Bill communicated to Governor on March 15, 2021
  • 2021-03-15 Governor's Action Deadline 11:59 p.m., March 31, 2021
  • 2021-03-25 Governor's recommendation received by House
  • 2021-03-31 Governor's recommendation received by House
  • 2021-04-07 Placed on Calendar
  • 2021-04-07 House concurred in Governor's recommendation (55-Y 45-N)
  • 2021-04-07 VOTE: Adoption (55-Y 45-N)
  • 2021-04-07 Senate rejected Governor's recommendation (11-Y 29-N)
  • 2021-04-07 Communicated to Governor
  • 2021-04-07 Governor's Action Deadline 11:59 p.m., May 7, 2021
  • 2021-04-15 Approved by Governor-Chapter 556 (effective 7/1/21) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b0cd50eb-7589-43b2-b89e-4975eae06a57. Confidence: reported (aggregated from official Virginia legislature records).

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