Virginia College Savings Plan; analyzing current programs to encourage citizens to save. (HB775)
Introduced By
Del. Hala Ayala (D-Woodbridge) with support from co-patrons Del. Lee Carter (D-Manassas), and Del. Ibraheem Samirah (D-Herndon)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia College Savings Plan; stakeholder group to analyze private retirement plans; report. Directs the Virginia College Savings Plan to convene a stakeholder group, analyze private retirement options and develop recommendations, and report to the General Assembly by December 15, 2020. The scope of the study would include (i) an examination of potential retirement savings options for self-employed individuals, part-time employees, and full-time employees whose employers do not offer a retirement savings plan; (ii) the level of interest by Virginia employers in participating in a voluntary state-sponsored private retirement option; (iii) the likely costs to start up such a plan and an estimate of time to reach self-sufficiency and potential funding options; (iv) the experience of other states that have implemented or are implementing a state-sponsored private retirement solution for employers and employees; and (v) the appropriate state agency and structure to implement the solution. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/07/2020 | Committee |
01/07/2020 | Prefiled and ordered printed; offered 01/08/20 20104487D |
01/07/2020 | Referred to Committee on General Laws |
01/16/2020 | Impact statement from DPB (HB775) |
01/16/2020 | Referred from General Laws |
01/16/2020 | Referred to Committee on Appropriations |
01/17/2020 | Assigned App. sub: Compensation & General Government |
01/28/2020 | Subcommittee recommends reporting with substitute (4-Y 1-N) |
01/29/2020 | House committee, floor amendments and substitutes offered |
01/29/2020 | Committee substitute printed 20106638D-H1 |
01/29/2020 | Reported from Appropriations with substitute (17-Y 0-N) (see vote tally) |
01/31/2020 | Read first time |
02/03/2020 | Passed by for the day |
02/04/2020 | Read second time |
02/04/2020 | Passed by for the day |
02/05/2020 | House committee, floor amendments and substitutes offered |
02/05/2020 | Read second time |
02/05/2020 | Committee substitute agreed to 20106638D-H1 |
02/05/2020 | Amendments by Delegate Ayala agreed to |
02/05/2020 | Engrossed by House - committee substitute with amendments HB775EH1 |
02/05/2020 | Impact statement from DPB (HB775H1) |
02/05/2020 | Printed as engrossed 20106638D-EH1 |
02/06/2020 | Read third time and passed House (93-Y 5-N) |
02/06/2020 | Impact statement from DPB (HB775EH1) |
02/06/2020 | VOTE: Passage (93-Y 5-N) (see vote tally) |
02/07/2020 | Constitutional reading dispensed |
02/07/2020 | Referred to Committee on Finance and Appropriations |
02/19/2020 | Reported from Finance and Appropriations with substitute (15-Y 0-N) (see vote tally) |
02/19/2020 | Committee substitute printed 20108194D-S1 |
02/20/2020 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/21/2020 | Read third time |
02/21/2020 | Reading of substitute waived |
02/21/2020 | Committee substitute agreed to 20108194D-S1 |
02/21/2020 | Engrossed by Senate - committee substitute HB775S1 |
02/21/2020 | Passed Senate with substitute (38-Y 0-N) (see vote tally) |
02/25/2020 | Placed on Calendar |
02/25/2020 | Senate substitute agreed to by House 20108194D-S1 (91-Y 7-N) |
02/25/2020 | VOTE: Adoption (91-Y 7-N) (see vote tally) |
03/02/2020 | Enrolled |
03/02/2020 | Bill text as passed House and Senate (HB775ER) |
03/02/2020 | Impact statement from DPB (HB775ER) |
03/02/2020 | Signed by Speaker |
03/03/2020 | Signed by President |
03/12/2020 | Enrolled Bill communicated to Governor on March 12, 2020 |
03/12/2020 | G Governor's Action Deadline 11:59 p.m., April 11, 2020 |
03/27/2020 | G Approved by Governor-Chapter 506 (effective 7/1/20) |
03/27/2020 | G Acts of Assembly Chapter text (CHAP0506) |