republic-os/legislation/us/states/va/2022/hb-209.md

---
type: "Bill"
title: "Credit unions; activity authorized for a federally chartered credit union."
description: "Credit unions; activity authorized for a federally chartered credit union. Provides that a credit union has the power to engage in any activity, service, or other practice that is authorized for a federally chartered credit union and that has not otherwise been authorized for a state-chartered credit union, provided that (i) the credit union provides the State Corporation Commission with written notice at least 45 calendar days prior to engaging in any such activity, service, or practice and (ii) the credit union engages in the activity, service, or practice subject to the same terms, conditions, and limitations as applicable to a federally chartered credit union. Additionally, the bill authorizes the Commissioner of the State Corporation Commission to prohibit or restrict the activity, service, or practice at any time. This bill is identical to SB 329."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 209"
citation: "Virginia HB 209 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Michael J. Webert"]
version_count: 4
action_count: 28
vote_count: 6
first_action: "2022-01-10"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/06eb73c5-4e98-4536-b713-ceb52eaaf32f"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB209"
source_hash: "e843ff249bb9c33588a33eed17e530af7e94292b289dcc1be98f7b97917bebe1"
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 209 (2022) — Credit unions; activity authorized for a federally chartered credit union.

Credit unions; activity authorized for a federally chartered credit union. Provides that a credit union has the power to engage in any activity, service, or other practice that is authorized for a federally chartered credit union and that has not otherwise been authorized for a state-chartered credit union, provided that (i) the credit union provides the State Corporation Commission with written notice at least 45 calendar days prior to engaging in any such activity, service, or practice and (ii) the credit union engages in the activity, service, or practice subject to the same terms, conditions, and limitations as applicable to a federally chartered credit union. Additionally, the bill authorizes the Commissioner of the State Corporation Commission to prohibit or restrict the activity, service, or practice at any time. This bill is identical to SB 329.

## Version chain

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

1. **CHAP0606** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0606)
2. **Committee substitute printed 22105360D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB209H1)
3. **HB209ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB209ER)
4. **Prefiled and ordered printed; offered 01/12/22 22101695D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB209)

## Votes

- Reported from Commerce and Labor (14-Y 0-N) — **14–0** (pass) · upper
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Reported from Commerce and Energy with substitute (22-Y 0-N) — **22–0** (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Subcommittee recommends reporting with substitute (10-Y 0-N) — **10–0** (pass) · lower

## Sponsors

- Michael J. Webert — primary (person)
- Dawn M. Adams — cosponsor (person)
- Delores L. McQuinn — cosponsor (person)
- Lamont Bagby — cosponsor (person)
- Rodney T. Willett — cosponsor (person)

## Timeline

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

- **2022-01-10** Prefiled and ordered printed; offered 01/12/22 22101695D `introduction`
- **2022-01-10** Referred to Committee on Commerce and Energy `referral-committee`
- **2022-01-19** Impact statement from SCC (HB209)
- **2022-01-25** Assigned sub: Subcommittee #2 `referral-committee`
- **2022-02-03** Subcommittee recommends reporting with substitute (10-Y 0-N)
- **2022-02-08** Reported from Commerce and Energy with substitute (22-Y 0-N) `committee-passage`
- **2022-02-08** Committee substitute printed 22105360D-H1 `substitution`
- **2022-02-10** Read first time `reading-1`
- **2022-02-11** Impact statement from SCC (HB209H1)
- **2022-02-11** Read second time `reading-2`
- **2022-02-11** Committee substitute agreed to 22105360D-H1
- **2022-02-11** Engrossed by House - committee substitute HB209H1
- **2022-02-14** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
- **2022-02-14** VOTE: Block Vote Passage (99-Y 0-N)
- **2022-02-16** Constitutional reading dispensed
- **2022-02-16** Referred to Committee on Commerce and Labor `referral-committee`
- **2022-02-21** Reported from Commerce and Labor (14-Y 0-N) `committee-passage`
- **2022-02-23** Constitutional reading dispensed (40-Y 0-N)
- **2022-02-23** House subcommittee amendments and substitutes offered
- **2022-02-24** Read third time `reading-3`
- **2022-02-24** Passed Senate (40-Y 0-N) `passage`
- **2022-02-28** Enrolled
- **2022-02-28** Impact statement from SCC (HB209ER)
- **2022-02-28** Signed by Speaker
- **2022-02-28** Signed by President
- **2022-03-11** Enrolled Bill communicated to Governor on March 11, 2022
- **2022-03-11** Governor's Action Deadline 11:59 p.m., April 11, 2022
- **2022-04-11** Approved by Governor-Chapter 606 (effective 7/1/22) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/06eb73c5-4e98-4536-b713-ceb52eaaf32f`. Confidence: reported (aggregated from official Virginia legislature records).