Fabio
92 lines
4.7 KiB
Markdown
92 lines
4.7 KiB
Markdown
---
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type: "Bill"
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title: "Financial institutions; definition of trust business."
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description: "Definition of trust business. Clarifies the definition of \"trust business\" to specify that engaging in trust business does not include rendering services as an individual attorney at law or through an entity wholly owned by attorneys at law in the performance of duties as a fiduciary."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2022"
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identifier: "HB 1237"
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citation: "Virginia HB 1237 (2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["James A. \"Jay\" Leftwich"]
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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: "2022-01-19"
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last_action: "2022-04-11"
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source: "openstates"
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source_identifier: "ocd-bill/fdc2d3bf-5357-46b0-b6bc-221703a948fb"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1237"
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source_hash: "39ae6378d9f3d069aca0fab9eaf46d8197a1561248d9f30c44d671e917b9ff8c"
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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 1237 (2022) — Financial institutions; definition of trust business.
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Definition of trust business. Clarifies the definition of "trust business" to specify that engaging in trust business does not include rendering services as an individual attorney at law or through an entity wholly owned by attorneys at law in the performance of duties as a fiduciary.
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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. **CHAP0323** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0323)
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2. **Committee substitute printed 22105427D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1237H1)
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3. **HB1237ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1237ER)
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4. **Presented and ordered printed 22104791D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1237)
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## Votes
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- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (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 (40-Y 0-N) — **40–0** (pass) · upper
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- Subcommittee recommends reporting with substitute (10-Y 0-N) — **10–0** (pass) · lower
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- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
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- Reported from Commerce and Energy with substitute (21-Y 0-N) — **21–0** (pass) · lower
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## Sponsors
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- James A. "Jay" Leftwich — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-19** Presented and ordered printed 22104791D `introduction`
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- **2022-01-19** Referred to Committee on Commerce and Energy `referral-committee`
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- **2022-01-25** Assigned sub: Subcommittee #2 `referral-committee`
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- **2022-01-26** Impact statement from SCC (HB1237)
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- **2022-01-27** House subcommittee amendments and substitutes offered
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- **2022-01-27** Subcommittee recommends reporting with substitute (10-Y 0-N)
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- **2022-02-01** Reported from Commerce and Energy with substitute (21-Y 0-N) `committee-passage`
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- **2022-02-01** Committee substitute printed 22105427D-H1 `substitution`
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- **2022-02-03** Read first time `reading-1`
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- **2022-02-04** Read second time `reading-2`
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- **2022-02-04** Committee substitute agreed to 22105427D-H1
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- **2022-02-04** Engrossed by House - committee substitute HB1237H1
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- **2022-02-07** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
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- **2022-02-07** VOTE: Block Vote Passage (99-Y 0-N)
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- **2022-02-08** Constitutional reading dispensed
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- **2022-02-08** Referred to Committee on Commerce and Labor `referral-committee`
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- **2022-02-28** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
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- **2022-03-02** Constitutional reading dispensed (40-Y 0-N)
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- **2022-03-03** Read third time `reading-3`
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- **2022-03-03** Passed Senate (39-Y 0-N) `passage`
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- **2022-03-08** Enrolled
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- **2022-03-08** Impact statement from SCC (HB1237ER)
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- **2022-03-08** Signed by Speaker
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- **2022-03-08** Signed by President
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- **2022-03-22** Enrolled Bill communicated to Governor on March 22, 2022
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- **2022-03-22** Governor's Action Deadline 11:59 p.m., April 11, 2022
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- **2022-04-11** Approved by Governor-Chapter 323 (effective 7/1/22) `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/fdc2d3bf-5357-46b0-b6bc-221703a948fb`. Confidence: reported (aggregated from official Virginia legislature records).
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