Worker cooperatives; established as a category of cooperative associations. (HB55)
Introduced By
Del. Lee Carter (D-Manassas) with support from 31 copatrons, whose average partisan position is:
Those copatrons are Del. Dawn Adams (D-Richmond), Del. Hala Ayala (D-Woodbridge), Del. Jeff Bourne (D-Richmond), Del. David Bulova (D-Fairfax), Del. Jennifer Carroll Foy (D-Woodbridge), Del. Josh Cole (D-Fredericksburg), Del. Glenn Davis (R-Virginia Beach), Del. Karrie Delaney (D-Centreville), Del. Kelly Fowler (D-Virginia Beach), Del. Wendy Gooditis (D-Clarke), Del. Elizabeth Guzman (D-Dale City), Del. Cliff Hayes (D-Chesapeake), Del. Steve Heretick (D-Portsmouth), Del. Patrick Hope (D-Arlington), Del. Chris Hurst (D-Blacksburg), Del. Jay Jones (D-Norfolk), Del. Mark Keam (D-Vienna), Del. Kaye Kory (D-Falls Church), Del. Paul Krizek (D-Alexandria), Del. Mark Levine (D-Alexandria), Del. Alfonso Lopez (D-Arlington), Del. Mike Mullin (D-Newport News), Del. Ken Plum (D-Reston), Del. Sam Rasoul (D-Roanoke), Del. Ibraheem Samirah (D-Herndon), Del. Mark Sickles (D-Alexandria), Del. Luke Torian (D-Woodbridge), Del. Kathy Tran (D-Springfield), Del. Vivian Watts (D-Annandale), Sen. Lamont Bagby (D-Richmond), Sen. Danica Roem (D-Manassas)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Worker cooperatives. Establishes worker cooperatives as a category of cooperative associations. A worker cooperative is a stock corporation that has elected to be governed by provisions established by this measure, which include (i) conducting its business primarily for the mutual benefit of its members, (ii) allowing only current and retired employees to be members, (iii) limiting voting rights to current employees, (iv) providing that each employee is entitled to one vote, (v) prohibiting any person from owning more than one membership share, (vi) requiring at least two-thirds of employees to own membership shares, and (vii) requiring that net earnings be paid or credited to members in accordance with the ratio that each member's amount of work performed during a period bears to the total amount of work performed by all members during that period. Read the Bill »
Outcome
History
Date | Action |
---|---|
11/30/2019 | Committee |
11/30/2019 | Prefiled and ordered printed; offered 01/08/20 20100832D |
11/30/2019 | Referred to Committee on Labor and Commerce |
01/14/2020 | Impact statement from DPB (HB55) |
01/28/2020 | Reported from Labor and Commerce (10-Y 8-N) (see vote tally) |
01/30/2020 | Read first time |
01/31/2020 | Read second time and engrossed |
02/03/2020 | Read third time and passed House (62-Y 36-N) |
02/03/2020 | VOTE: Passage (62-Y 36-N) (see vote tally) |
02/04/2020 | Constitutional reading dispensed |
02/04/2020 | Referred to Committee on Commerce and Labor |
03/02/2020 | Reported from Commerce and Labor with amendment (14-Y 1-N) (see vote tally) |
03/04/2020 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/05/2020 | Read third time |
03/05/2020 | Reading of amendment waived |
03/05/2020 | Committee amendment agreed to |
03/05/2020 | Engrossed by Senate as amended |
03/05/2020 | Passed Senate with amendment (28-Y 12-N) (see vote tally) |
03/05/2020 | Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally) |
03/05/2020 | Passed Senate with amendment (25-Y 14-N 1-A) (see vote tally) |
03/05/2020 | Senate amendment agreed to by House (61-Y 31-N) |
03/05/2020 | VOTE: Adoption (61-Y 31-N) (see vote tally) |
03/12/2020 | Enrolled |
03/12/2020 | Bill text as passed House and Senate (HB55ER) |
03/12/2020 | Impact statement from DPB (HB55ER) |
03/12/2020 | Signed by Speaker |
03/12/2020 | Signed by President |
03/17/2020 | Enrolled Bill communicated to Governor on March 17, 2020 |
03/17/2020 | G Governor's Action Deadline 11:59 p.m., April 11, 2020 |
04/06/2020 | G Approved by Governor-Chapter 673 (effective 7/1/20) |
04/06/2020 | G Acts of Assembly Chapter text (CHAP0673) |