VA HB775 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on March 27 2020 - 100% progression
Action: 2020-03-27 - Governor: Acts of Assembly Chapter text (CHAP0506)
Text: Latest bill text (Chaptered) [HTML]

Summary

Virginia College Savings Plan; stakeholder group to analyze private retirement plans; report. Directs the Virginia College Savings Plan to convene a stakeholder group, analyze private retirement options and develop recommendations, and report to the General Assembly by December 15, 2020. The scope of the study would include (i) an examination of potential retirement savings options for self-employed individuals, part-time employees, and full-time employees whose employers do not offer a retirement savings plan; (ii) the level of interest by Virginia employers in participating in a voluntary state-sponsored private retirement option; (iii) the likely costs to start up such a plan and an estimate of time to reach self-sufficiency and potential funding options; (iv) the experience of other states that have implemented or are implementing a state-sponsored private retirement solution for employers and employees; and (v) the appropriate state agency and structure to implement the solution.

Tracking Information

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Title

Virginia College Savings Plan; analyzing current programs to encourage citizens to save.

Sponsors


Roll Calls

2020-02-25 - House - House: VOTE: Adoption (91-Y 7-N) (Y: 91 N: 7 NV: 2 Abs: 0) [PASS]
2020-02-21 - Senate - Senate: Passed Senate with substitute (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2020-02-20 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-06 - House - House: VOTE: Passage (93-Y 5-N) (Y: 93 N: 5 NV: 2 Abs: 0) [PASS]
2020-01-29 - House - House: Reported from Appropriations with substitute (17-Y 0-N) (Y: 17 N: 0 NV: 5 Abs: 0) [PASS]
2020-01-28 - House - House: Subcommittee recommends reporting with substitute (4-Y 1-N) (Y: 4 N: 1 NV: 3 Abs: 0) [FAIL]

History

DateChamberAction
2020-03-27 Governor: Acts of Assembly Chapter text (CHAP0506)
2020-03-27 Governor: Approved by Governor-Chapter 506 (effective 7/1/20)
2020-03-12 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-03-12HouseEnrolled Bill communicated to Governor on March 12, 2020
2020-03-03SenateSigned by President
2020-03-02HouseSigned by Speaker
2020-03-02HouseBill text as passed House and Senate (HB775ER)
2020-03-02HouseEnrolled
2020-02-25HouseVOTE: Adoption (91-Y 7-N)
2020-02-25HouseSenate substitute agreed to by House 20108194D-S1 (91-Y 7-N)
2020-02-25HousePlaced on Calendar
2020-02-21SenatePassed Senate with substitute (38-Y 0-N)
2020-02-21SenateEngrossed by Senate - committee substitute HB775S1
2020-02-21SenateCommittee substitute agreed to 20108194D-S1
2020-02-21SenateReading of substitute waived
2020-02-21SenateRead third time
2020-02-20SenateConstitutional reading dispensed (40-Y 0-N)
2020-02-19SenateCommittee substitute printed 20108194D-S1
2020-02-19SenateReported from Finance and Appropriations with substitute (15-Y 0-N)
2020-02-07SenateReferred to Committee on Finance and Appropriations
2020-02-07SenateConstitutional reading dispensed
2020-02-06HouseVOTE: Passage (93-Y 5-N)
2020-02-06HouseRead third time and passed House (93-Y 5-N)
2020-02-05HousePrinted as engrossed 20106638D-EH1
2020-02-05HouseEngrossed by House - committee substitute with amendments HB775EH1
2020-02-05HouseAmendments by Delegate Ayala agreed to
2020-02-05HouseCommittee substitute agreed to 20106638D-H1
2020-02-05HouseRead second time
2020-02-04HousePassed by for the day
2020-02-04HouseRead second time
2020-02-03HousePassed by for the day
2020-01-31HouseRead first time
2020-01-29HouseReported from Appropriations with substitute (17-Y 0-N)
2020-01-29HouseCommittee substitute printed 20106638D-H1
2020-01-28HouseSubcommittee recommends reporting with substitute (4-Y 1-N)
2020-01-17HouseAssigned App. sub: Compensation & General Government
2020-01-16HouseReferred to Committee on Appropriations
2020-01-16HouseReferred from General Laws by voice vote
2020-01-07HouseReferred to Committee on General Laws
2020-01-07HousePrefiled and ordered printed; offered 01/08/20 20104487D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
222496(n/a)See Bill Text
222499.4(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB775
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB775+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB775H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB775EH1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB775S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB775ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0506+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H0202V0010+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H02V0031+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV0497+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0377+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0771HB0775+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0801HB0775+HB0775
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV1334+HB0775

Bill Comments

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