Banks; financial activities. (HB1657)

Introduced By

Del. Terry Kilgore (R-Gate City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Banks; financial activities. Prohibits a bank from establishing or maintaining a branch in Virginia on the premises or property of an affiliate if the affiliate engages in commercial activities, which are defined as activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law. The measure repeals provisions regarding the commercial activities of industrial loan associations and industrial loan companies. The measure will be effective upon passage. Read the Bill »


02/05/2007: signed by governor


12/04/2006Prefiled and ordered printed; offered 01/10/07 072183372
12/04/2006Prefiled and ordered printed with emergency clause; offered 01/10/07 07218337" HB1657"
12/04/2006Prefiled and ordered printed with emergency clause; offered 01/10/07 072183372
12/04/2006Referred to Committee on Commerce and Labor
01/12/2007Committee substitute printed 070228372-H1
01/15/2007Read first time
01/16/2007Read second time
01/16/2007Committee substitute agreed to 070228372-H1
01/16/2007Engrossed by House - committee substitute HB1657H1
01/16/2007Impact statement from SCC (HB1657)
01/17/2007Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/17/2007VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
01/17/2007Communicated to Senate
01/17/2007Impact statement from SCC (HB1657H1)
01/18/2007Constitutional reading dispensed
01/18/2007Referred to Committee on Commerce and Labor
01/24/2007Read second time
01/25/2007Read third time
01/25/2007Passed Senate (38-Y 0-N)
01/29/2007Bill text as passed House and Senate (HB1657ER)
01/29/2007Signed by Speaker
01/30/2007Signed by President
02/02/2007Impact statement from SCC (HB1657ER)
02/05/2007G Approved by Governor-Chapter 1 (effective 2/5/07)
03/13/2007G Acts of Assembly Chapter text (CHAP0001)

Duplicate Bills

The following bills are identical to this one: SB1109.