Consumer finance companies; Internet loans, report. (SB1126)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Consumer finance companies; Internet loans. Provides that the laws regulating consumer finance companies apply to persons making loans to individuals for personal, family, household, or other nonbusiness purposes over the Internet to Virginia residents or any individuals in Virginia, whether or not the person making the loans maintains a physical presence in the Commonwealth. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2017Prefiled and ordered printed; offered 01/11/17 17100949D
01/09/2017Referred to Committee on Commerce and Labor
01/16/2017Reported from Commerce and Labor (8-Y 5-N) (see vote tally)
01/18/2017Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/19/2017Passed by for the day
01/20/2017Passed by for the day
01/23/2017Read second time
01/23/2017Reading of amendment waived
01/23/2017Amendment by Senator Surovell agreed to
01/23/2017Engrossed by Senate as amended SB1126E
01/23/2017Printed as engrossed 17100949D-E
01/24/2017Read third time and passed Senate (36-Y 3-N) (see vote tally)
01/24/2017Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
01/24/2017Passed Senate (34-Y 6-N) (see vote tally)
01/26/2017Impact statement from SCC (SB1126E)
01/31/2017Placed on Calendar
01/31/2017Read first time
01/31/2017Referred to Committee on Commerce and Labor
02/16/2017Tabled in Commerce and Labor

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.

SENATE BILL 1135, REPORTED FROM THE COMMITTEE ON LOCAL GOVERNMENT. SENATE BILL 1225, REPORTED FROM THE COMMITTEE ON LOCAL GOVERNMENT. SENATE BILL 1254, REPORTED FROM THE COMMITTEE ON PRIVILEGES AND ELECTIONS WITH AMENDMENTS.

Sen. Scott Surovell (D-Mount Vernon): THE NOR FROM ROCKING HAM.

[Unknown]: I MOVE THAT THE CAPTAINS BE AGREED TO. THE QUESTION IS SHALL THE COMMITTEE AMENDMENT BE AGREED TO. NOS AYES. THE AYES HAVE IT. THE COMMITTEE AMENDMENTS ARE AGREED TO. SENATE BILL 1304, REPORTED FROM THE COMMITTEE ON PRIVILEGES AND ELECTIONS. SENATE BILL 855, REPORTED FROM THE COMMITTEE ON TRANSPORTATION. SENATE BILL 894, REPORTED FROM THE COMMITTEE ON EDUCATION AND HEALTH WITH SUBSTITUTE. THE SENATOR FROM ARLINGTON. SENATOR FAVOLA.

Sen. Barbara Favola (D-Arlington): MR. PRESIDENT, I MOVE THAT THE SUBSTITUTE BE AGREED TO.

[Unknown]: THE QUESTION IS SHALL THE SUBSTITUTE BE AGREED TO. NOS AYES. THE AYES HAVE IT. THE SUBSTITUTE IS AGREED TO.

Sen. Barbara Favola (D-Arlington): SENATE BILL 1006, RPORTED FROM THE COMMITTEE ON EDUCATION


[Unknown]: [APPLAUSE] ARE WATCHING FROM THE GALLERY, THIS WAS THE SENATOR FROM NORTHERN CHESAPEAKE'S FIRST BILL ON THE FLOOR OF THE SENATE. SO HE MET JUST A LITTLE BIT OF RESISTANCE, BUT AT THE END OF THE DAY, IT PASSED. RETURNING TO PAGE SEVEN, SENATE BILL 1135, THE SENATOR FROM WILLIAMSBURG, SENATOR MASON. MR. PRESIDENT, I BILL THE BILL PASS, SPEAKING TO THE MOTION. THE SENATOR HAS THE FLOOR. WE HOPE FOR THE SAME OUTCOME ON THIS BILL, MR. PRESIDENT. THIS IS A RIVETING PIECE OF LEGISLATION FROM JAMES CITY COUNTY ACTUALLY ADDRESSING A CONCERN FROM ONE OF THE MEMBERS OF THE CLERK'S OFFICE WHO IS MY CONSTITUENT, WHO HAS HAD AN UNSEEMLY CAR