Banks; financial activities. (SB1109)

Introduced By

Sen. William Wampler (R-Bristol)


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 »


Bill Has Failed


01/09/2007Prefiled and ordered printed; offered 01/10/07 070203836
01/09/2007Prefiled and ordered printed with emergency clause; offered 01/10/07 070203836
01/09/2007Referred to Committee on Commerce and Labor
01/16/2007Impact statement from SCC (SB1109)

Duplicate Bills

The following bills are identical to this one: HB1657.