State and federal programs; VRS shall convene a work group to review, etc. (HB1998)

Introduced By

Del. Luke Torian (D-Woodbridge) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Del. Mike Futrell (D-Woodbridge), Del. Daun Hester (D-Norfolk), Del. Mark Keam (D-Vienna), Del. David Ramadan (R-South Riding), Del. Sam Rasoul (D-Roanoke), Del. Marcus Simon (D-Falls Church), Sen. Lionell Spruill (D-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Secretary of Finance work group to review retirement savings options. Directs the Secretary of Finance to convene a work group to review current state and federal laws and regulations that encourage citizens of the Commonwealth to save for retirement by participating in retirement savings plans. The review will include an examination of retirement savings options for self-employed individuals, part-time employees, full-time employees whose employers do not offer a retirement savings plan, and groups with a low savings rate. The work group will include representatives of the Department of Taxation, small business, the self-employed, the Virginia College Savings Plan, and other stakeholders. The work group will develop an implementation plan to encourage and facilitate saving for retirement and report to the Governor and the General Assembly by November 1, 2015. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/14/2015Committee
01/14/2015Prefiled and ordered printed; offered 01/14/15 15100635D
01/14/2015Referred to Committee on Rules
01/27/2015Assigned Rules sub: Studies
01/28/2015Impact statement from DPB (HB1998)
01/29/2015Impact statement from DPB (HB1998)
02/05/2015Subcommittee recommends reporting with amendment(s) (4-Y 0-N)
02/06/2015Reported from Rules with substitute (14-Y 0-N) (see vote tally)
02/06/2015Committee substitute printed 15104874D-H1
02/07/2015Read first time
02/09/2015Read second time
02/09/2015Committee substitute agreed to 15104874D-H1
02/09/2015Engrossed by House - committee substitute HB1998H1
02/10/2015Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/10/2015VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/10/2015Impact statement from DPB (HB1998H1)
02/11/2015Constitutional reading dispensed
02/11/2015Referred to Committee on Rules
02/20/2015Reported from Rules (13-Y 0-N) (see vote tally)
02/23/2015Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/24/2015Read third time
02/24/2015Passed Senate (39-Y 0-N) (see vote tally)
03/06/2015Enrolled
03/06/2015Bill text as passed House and Senate (HB1998ER)
03/06/2015Impact statement from DPB (HB1998ER)
03/06/2015Signed by Speaker
03/07/2015Signed by President
03/10/2015Enrolled Bill communicated to Governor on 3/10/15
03/10/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/27/2015G Approved by Governor-Chapter 669 (effective 7/1/15)
03/27/2015G Acts of Assembly Chapter text (CHAP0669)

Video

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.