Credit unions; board of directors compensation. (HB2706)

Introduced By

Del. Lamont Bagby (D-Richmond) with support from co-patron Del. Jason Miyares (R-Virginia Beach)

Progress

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

Description

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees, including reimbursement for business-related travel, shall be determined by a written policy approved by the board of directors. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/15/2019Presented and ordered printed 19103642D
01/15/2019Referred to Committee on Commerce and Labor
01/16/2019Impact statement from SCC (HB2706)
01/17/2019Assigned C & L sub: Subcommittee #2
01/29/2019Subcommittee failed to recommend reporting (4-Y 4-N)
02/05/2019Left in Commerce and Labor

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