republic-os/legislation/us/states/va/2022/sb-329.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 HB 209."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "SB 329"
citation: "Virginia SB 329 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["John J. Bell"]
version_count: 4
action_count: 28
vote_count: 5
first_action: "2022-01-11"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/b945b801-d5a7-425e-abeb-c255e526e80d"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB329"
source_hash: "5080a830ae0384aed86b018084cdfaf7da8600dbcda789181c9aa1b5eff6679b"
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 SB 329 (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 HB 209.

## Version chain

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

1. **CHAP0607** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0607)
2. **Committee substitute printed 22105547D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB329S1)
3. **Prefiled and ordered printed; offered 01/12/22 22101541D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB329)
4. **SB329ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB329ER)

## Votes

- Reported from Commerce and Labor with substitute (15-Y 0-N) — **15–0** (pass) · upper
- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Commerce and Energy (22-Y 0-N) — **22–0** (pass) · lower
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper

## Sponsors

- John J. Bell — primary (person)

## Timeline

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

- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22101541D `introduction`
- **2022-01-11** Referred to Committee on Commerce and Labor `referral-committee`
- **2022-01-17** Impact statement from SCC (SB329)
- **2022-02-07** Senate committee, floor amendments and substitutes offered
- **2022-02-07** Reported from Commerce and Labor with substitute (15-Y 0-N) `committee-passage`
- **2022-02-07** Committee substitute printed 22105547D-S1 `substitution`
- **2022-02-08** Constitutional reading dispensed (40-Y 0-N)
- **2022-02-09** Read second time `reading-2`
- **2022-02-09** Reading of substitute waived
- **2022-02-09** Committee substitute agreed to 22105547D-S1
- **2022-02-09** Engrossed by Senate - committee substitute SB329S1
- **2022-02-10** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
- **2022-02-11** Impact statement from SCC (SB329S1)
- **2022-02-21** Placed on Calendar
- **2022-02-21** Read first time `reading-1`
- **2022-02-21** Referred to Committee on Commerce and Energy `referral-committee`
- **2022-02-22** Reported from Commerce and Energy (22-Y 0-N) `committee-passage`
- **2022-02-24** Read second time `reading-2`
- **2022-02-25** Read third time `reading-3`
- **2022-02-25** Passed House BLOCK VOTE (99-Y 0-N) `passage`
- **2022-02-25** VOTE: Block Vote Passage (99-Y 0-N)
- **2022-03-01** Enrolled
- **2022-03-01** Impact statement from SCC (SB329ER)
- **2022-03-01** Signed by Speaker
- **2022-03-02** 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 607 (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/b945b801-d5a7-425e-abeb-c255e526e80d`. Confidence: reported (aggregated from official Virginia legislature records).