Virginia Senate Bill 637 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 17 2022 - 25% progression, died in chamber
Action: 2022-01-31 - Stricken at request of Patron in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Insurers rehabilitation and liquidation; federal home loan bank rights. Expands upon provisions that authorize a court, in instances of insurer rehabilitation and liquidation, to issue a restraining order or injunction to an insurer to prevent the transaction of future business or other business activities. The bill further creates provisions relating to federal home loan bank rights and insurer-members of federal home loan banks related to the transfer of assets, delinquency proceedings, and requirements for federal home loan banks upon appointing a receiver for an insurer-member.

Insurers rehabilitation and liquidation; federal home loan bank rights.

Sen. Creigh Deeds [D]

2022-01-31 - Senate - Senate: Stricken at request of Patron in Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-01-31	Senate	Stricken at request of Patron in Commerce and Labor (15-Y 0-N)
2022-01-17	Senate	Referred to Committee on Commerce and Labor
2022-01-17	Senate	Presented and ordered printed 22104341D

Chapter	Article	Section	Citation Type	Statute Text
38	2	1507	(n/a)	See Bill Text
38	2	1523	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB637
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB637+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+SB637F171+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+S02V0045+SB0637