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. Lamont Bagby (D-Richmond), Del. Jeff Bourne (D-Richmond), Del. David Bulova (D-Fairfax), Del. Jennifer Carroll Foy (D-Woodbridge), Del. Josh Cole (D-Stafford), 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. Danica Roem (D-Manassas Park), 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)

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 »

Status

02/04/2020: In Committee

History

DateAction
11/30/2019Prefiled and ordered printed; offered 01/08/20 20100832D
11/30/2019Committee
11/30/2019Referred to Committee on Labor and Commerce
01/14/2020Impact statement from DPB (HB55)
01/28/2020Reported from Labor and Commerce (10-Y 8-N) (see vote tally)
01/30/2020Read first time
01/31/2020Read second time and engrossed
02/03/2020Read third time and passed House (62-Y 36-N)
02/03/2020VOTE: Passage (62-Y 36-N) (see vote tally)
02/04/2020Constitutional reading dispensed
02/04/2020Referred to Committee on Commerce and Labor

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