Voluntary regulatory self-assessments by banks; privilege. (HB2237)

Introduced By

Del. Jackson Miller (R-Manassas) with support from co-patron Del. Charles Poindexter (R-Glade Hill)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Voluntary regulatory self-assessments by banks; privilege. Creates a privilege for information generated from a voluntary regulatory self-assessment conducted by a bank or its holding company, affiliates, and subsidiaries. The privilege applies to any document prepared in connection with a voluntary, self-initiated internal assessment, audit, or review of a bank and its practices, policies, and procedures or the practices, policies, and procedures of the bank's service provider. The privilege makes a self-assessment report inadmissible in any legal or investigative action in any civil or administrative proceeding and exempts it from discovery. The privilege shall not apply if it is waived; if it is determined that the privilege is being asserted for a fraudulent purpose or that the report was prepared to avoid disclosure of information in a proceeding that was underway at the time of its preparation, or it is found that a condition exists that demonstrates imminent and substantial harm to bank customers or consumers; or if it involves information in the possession of a bank regulator and is subject to public disclosure. Read the Bill »


Bill Has Passed


01/14/2013Presented and ordered printed 13103778D
01/14/2013Referred to Committee on Commerce and Labor
01/15/2013Impact statement from SCC (HB2237)
01/22/2013Reported from Commerce and Labor with substitute (18-Y 1-N) (see vote tally)
01/22/2013Committee substitute printed 13104360D-H1
01/24/2013Read first time
01/25/2013Read second time
01/25/2013Committee substitute agreed to 13104360D-H1
01/25/2013Engrossed by House - committee substitute HB2237H1
01/28/2013Read third time and passed House (99-Y 0-N)
01/28/2013VOTE: PASSAGE (99-Y 0-N) (see vote tally)
01/29/2013Constitutional reading dispensed
01/29/2013Referred to Committee on Commerce and Labor
02/04/2013Reported from Commerce and Labor (16-Y 0-N) (see vote tally)
02/05/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2013Read third time
02/06/2013Passed Senate (40-Y 0-N) (see vote tally)
02/06/2013Impact statement from SCC (HB2237H1)
02/11/2013Bill text as passed House and Senate (HB2237ER)
02/11/2013Signed by Speaker
02/12/2013Signed by President
02/12/2013Impact statement from SCC (HB2237ER)
02/19/2013Read third time
02/20/2013G Approved by Governor-Chapter 32 (effective 7/1/13)
02/20/2013G Acts of Assembly Chapter text (CHAP0032)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.