Fabio
91 lines
4.7 KiB
Markdown
91 lines
4.7 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "Financial institutions; officers and directors."
|
||
description: "Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution."
|
||
jurisdiction: "us/states/va"
|
||
legislature: "Virginia General Assembly"
|
||
session: "2026"
|
||
identifier: "SB 734"
|
||
citation: "Virginia SB 734 (2026)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: ["T. Travis Hackworth"]
|
||
version_count: 2
|
||
action_count: 28
|
||
vote_count: 6
|
||
first_action: "2026-01-16"
|
||
last_action: "2026-04-13"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/4f704065-a1be-48f7-9006-751b2a9949d5"
|
||
source_url: "https://lis.virginia.gov/bill-details/20261/SB734"
|
||
source_hash: "10f4382988052dc181aa2419a3ececd2eeac7c8f390d093e37690b9b8fff395b"
|
||
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 734 (2026) — Financial institutions; officers and directors.
|
||
|
||
Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1092214.PDF)
|
||
2. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1209928.PDF)
|
||
|
||
## Votes
|
||
|
||
- H VOTE: — **99–0** (pass) · lower
|
||
- Passage R — **38–0** (pass) · upper
|
||
- Constitutional reading dispensed R — **40–0** (pass) · upper
|
||
- Reported from Labor and Commerce — **21–0** (pass) · lower
|
||
- Reported from Commerce and Labor — **15–0** (pass) · upper
|
||
- Subcommittee recommends reporting — **9–0** (pass) · lower
|
||
|
||
## Sponsors
|
||
|
||
- T. Travis Hackworth — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2026-01-16** Presented and ordered printed 26104585D `introduction`
|
||
- **2026-01-16** Referred to Committee on Commerce and Labor `referral-committee`
|
||
- **2026-01-25** Fiscal Impact Statement from State Corporation Commission (SB734)
|
||
- **2026-01-26** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
|
||
- **2026-01-28** Rules suspended
|
||
- **2026-01-28** Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
|
||
- **2026-01-28** Passed by for the day Block Vote (Voice Vote)
|
||
- **2026-01-28** Passed by for the day
|
||
- **2026-01-29** Read second time `reading-2`
|
||
- **2026-01-29** Engrossed by Senate (Voice Vote)
|
||
- **2026-01-30** Read third time and passed Senate (38-Y 0-N 0-A) `passage, reading-3`
|
||
- **2026-02-04** Placed on Calendar
|
||
- **2026-02-04** Read first time `reading-1`
|
||
- **2026-02-04** Referred to Committee on Labor and Commerce `referral-committee`
|
||
- **2026-02-25** Assigned HCL sub: Subcommittee #1 `referral-committee`
|
||
- **2026-03-03** Subcommittee recommends reporting (9-Y 0-N)
|
||
- **2026-03-05** Reported from Labor and Commerce (21-Y 0-N) `committee-passage`
|
||
- **2026-03-09** Read second time `reading-2`
|
||
- **2026-03-10** Read third time `reading-3`
|
||
- **2026-03-10** Passed House (99-Y 0-N 0-A) `passage`
|
||
- **2026-03-30** Enrolled `enrolled`
|
||
- **2026-03-30** Bill text as passed Senate and House (SB734ER) `passage`
|
||
- **2026-03-30** Signed by President `passage`
|
||
- **2026-03-31** Signed by Speaker `passage`
|
||
- **2026-03-31** Enrolled Bill communicated to Governor on March 31, 2026 `enrolled, executive-receipt`
|
||
- **2026-03-31** Governor's Action Deadline 11:59 p.m., April 13, 2026 `executive-receipt`
|
||
- **2026-04-06** Fiscal Impact Statement from State Corporation Commission (SB734)
|
||
- **2026-04-13** Approved by Governor-Chapter 903 (effective 7/1/2026) `executive-signature`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4f704065-a1be-48f7-9006-751b2a9949d5`. Confidence: reported (aggregated from official Virginia legislature records).
|
||
|