Lawyers; client accounts. (HB1853)

Introduced By

Del. Rip Sullivan (D-Arlington) with support from co-patrons Del. Patrick Hope (D-Arlington), Del. Kaye Kory (D-Falls Church), Del. Mark Levine (D-Alexandria), Del. Kathleen Murphy (D-McLean), and Del. Vivian Watts (D-Annandale)

Progress

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

Description

Lawyers; client accounts. Repeals the provision prohibiting the Supreme Court of Virginia from adopting a disciplinary rule requiring that lawyers deposit client funds in an interest-bearing account. The bill provides that any rule promulgated by the Supreme Court of Virginia requiring attorney participation in the Interest on Lawyers Trust Accounts (IOLTA) program clearly state that an attorney or law firm has no responsibility to remit interest earned to the IOLTA program. Read the Bill »

Status

03/24/2021: signed by governor

History

DateAction
01/07/2021Prefiled and ordered printed; offered 01/13/21 21100869D
01/07/2021Referred to Committee for Courts of Justice
01/12/2021Impact statement from DPB (HB1853)
01/14/2021Assigned Courts sub: Civil
01/15/2021Subcommittee recommends reporting (8-Y 0-N)
01/20/2021Reported from Courts of Justice (18-Y 3-N) (see vote tally)
01/21/2021Read first time
01/22/2021Read second time and engrossed
01/25/2021Read third time and passed House (68-Y 32-N)
01/25/2021VOTE: Passage (68-Y 32-N) (see vote tally)
01/26/2021Constitutional reading dispensed
01/26/2021Referred to Committee on the Judiciary
02/05/2021Continued to 2021 Sp. Sess. 1 in Judiciary (14-Y 0-N) (see vote tally)
02/17/2021Reported from Judiciary (9-Y 5-N) (see vote tally)
02/19/2021Constitutional reading dispensed (32-Y 0-N)
02/22/2021Read third time
02/22/2021Passed by for the day
02/23/2021Senate committee, floor amendments and substitutes offered
02/23/2021Read third time
02/23/2021Amendment #1 by Senator Stuart withdrawn
02/23/2021Reading of amendment waived
02/23/2021Amendment #2 by Senator Stuart agreed to
02/23/2021Engrossed by Senate as amended
02/23/2021Passed Senate with amendment (36-Y 3-N)
02/24/2021Placed on Calendar
02/24/2021Senate amendment agreed to by House (63-Y 35-N)
02/24/2021VOTE: Adoption (63-Y 35-N)
02/26/2021Enrolled
02/26/2021Bill text as passed House and Senate (HB1853ER)
02/26/2021Impact statement from DPB (HB1853ER)
02/26/2021Signed by Speaker
02/27/2021Signed by President
03/01/2021Enrolled Bill communicated to Governor on March 1, 20201
03/01/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/24/2021G Approved by Governor-Chapter 342 (effective 7/1/21)
03/24/2021G Acts of Assembly Chapter text (CHAP0342)

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