Securities Act; regulation of federal covered securities. (HB1754)
Introduced By
Del. Glenn Davis (R-Virginia Beach) with support from co-patron Del. Mark Keam (D-Vienna)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Securities Act; regulation of federal covered securities. Authorizes the State Corporation Commission (SCC) to require the issuer of a security that is a federal covered security under federal crowdfunding rules to file a notice and consent to service of process when (i) the principal place of business of the issuer is in the Commonwealth or (ii) purchasers of 50 percent or more of the securities sold by the issuer pursuant to an offering made in reliance on such rule are residents of the Commonwealth. The measure allows the SCC to assess a filing fee not to exceed $100 in connection with such a filing. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2017 | Committee |
01/08/2017 | Prefiled and ordered printed; offered 01/11/17 17101536D |
01/08/2017 | Referred to Committee on Commerce and Labor |
01/12/2017 | Impact statement from SCC (HB1754) |
01/17/2017 | Reported from Commerce and Labor (20-Y 0-N) (see vote tally) |
01/19/2017 | Read first time |
01/20/2017 | Passed by for the day |
01/23/2017 | Read second time and engrossed |
01/24/2017 | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
01/24/2017 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
01/25/2017 | Constitutional reading dispensed |
01/25/2017 | Referred to Committee on Commerce and Labor |
02/13/2017 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
02/15/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/16/2017 | Read third time |
02/16/2017 | Passed Senate (39-Y 0-N) (see vote tally) |
02/16/2017 | Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally) |
02/16/2017 | Passed Senate (40-Y 0-N) (see vote tally) |
02/20/2017 | Enrolled |
02/20/2017 | Bill text as passed House and Senate (HB1754ER) |
02/20/2017 | Signed by Speaker |
02/21/2017 | Signed by President |
02/21/2017 | Enrolled Bill communicated to Governor on 2/21/17 |
02/21/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
02/22/2017 | Impact statement from SCC (HB1754ER) |
03/24/2017 | G Approved by Governor-Chapter 754 (effective 7/1/17) |
03/24/2017 | G Acts of Assembly Chapter text (CHAP0754) |