VA HB263 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 11 2022 - 100% progression
Action: 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0623)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on April 11 2022 - 100% progression
Action: 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0623)
Text: Latest bill text (Chaptered) [HTML]
Summary
Banks; virtual currency custody services. Permits banks in the Commonwealth to provide virtual currency custody services so long as the bank has adequate protocols in place to effectively manage the associated risks. The bill defines "virtual currency" and provides that a bank may choose to offer such custody services in a nonfiduciary capacity or a fiduciary capacity. If it chooses to provide such custody services in a fiduciary capacity, it must possess trust powers and have a trust department approved by the State Corporation Commission. Banks; virtual currency custody services. Permits banks in the Commonwealth to provide virtual currency custody services so long as the bank has adequate protocols in place to effectively manage the associated risks. The bill defines "virtual currency" and provides that a bank may choose to offer such custody services in a nonfiduciary capacity or a fiduciary capacity. If it chooses to provide such custody services in a fiduciary capacity, it must possess trust powers and have a trust department approved by the State Corporation Commission.
Title
Banks; virtual currency custody services.
Sponsors
| Sen. Chris Head [R] | Del. Mark Keam [D] |
Roll Calls
2022-03-03 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2022-03-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-28 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-01-27 - House - House: Reported from Commerce and Energy with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-25 - House - House: Subcommittee recommends reporting with amendments (7-Y 0-N) (Y: 7 N: 0 NV: 1 Abs: 0) [PASS]
2022-03-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-28 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-01-27 - House - House: Reported from Commerce and Energy with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-25 - House - House: Subcommittee recommends reporting with amendments (7-Y 0-N) (Y: 7 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-04-11 | Governor: Acts of Assembly Chapter text (CHAP0623) | |
| 2022-04-11 | Governor: Approved by Governor-Chapter 623 (effective 7/1/22) | |
| 2022-03-22 | Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022 | |
| 2022-03-22 | House | Enrolled Bill communicated to Governor on March 22, 2022 |
| 2022-03-08 | Senate | Signed by President |
| 2022-03-08 | House | Signed by Speaker |
| 2022-03-08 | House | Bill text as passed House and Senate (HB263ER) |
| 2022-03-08 | House | Enrolled |
| 2022-03-03 | Senate | Passed Senate (39-Y 0-N) |
| 2022-03-03 | Senate | Read third time |
| 2022-03-02 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2022-02-28 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
| 2022-02-03 | Senate | Referred to Committee on Commerce and Labor |
| 2022-02-03 | Senate | Constitutional reading dispensed |
| 2022-02-02 | House | VOTE: Block Vote Passage (98-Y 0-N) |
| 2022-02-02 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2022-02-01 | House | Printed as engrossed 22100187D-E |
| 2022-02-01 | House | Engrossed by House as amended HB263E |
| 2022-02-01 | House | Committee amendment agreed to |
| 2022-02-01 | House | Read second time |
| 2022-01-31 | House | Read first time |
| 2022-01-27 | House | Reported from Commerce and Energy with amendment(s) (22-Y 0-N) |
| 2022-01-25 | House | Subcommittee recommends reporting with amendments (7-Y 0-N) |
| 2022-01-18 | House | Assigned sub: Subcommittee #1 |
| 2022-01-11 | House | Referred to Committee on Commerce and Energy |
| 2022-01-11 | House | Prefiled and ordered printed; offered 01/12/22 22100187D |
