Credit unions; activity authorized for a federally chartered credit union. (SB329)

Introduced By

Sen. John Bell (D-Chantilly)

Progress

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

Description

Credit unions; activity authorized for a federally chartered credit union. Provides that a credit union has the power to engage in any activity, service, or other practice that is authorized for a federally chartered credit union and that has not otherwise been authorized for a state-chartered credit union, provided that (i) the credit union provides the State Corporation Commission with written notice at least 45 calendar days prior to engaging in any such activity, service, or practice and (ii) the credit union engages in the activity, service, or practice subject to the same terms, conditions, and limitations as applicable to a federally chartered credit union. Additionally, the bill authorizes the Commissioner of the State Corporation Commission to prohibit or restrict the activity, service, or practice at any time. This bill is identical to HB 209. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101541D
01/11/2022Referred to Committee on Commerce and Labor
01/17/2022Impact statement from SCC (SB329)
02/07/2022Senate committee, floor amendments and substitutes offered
02/07/2022Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally)
02/07/2022Committee substitute printed 22105547D-S1
02/08/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/09/2022Read second time
02/09/2022Reading of substitute waived
02/09/2022Committee substitute agreed to 22105547D-S1
02/09/2022Engrossed by Senate - committee substitute SB329S1
02/10/2022Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/11/2022Impact statement from SCC (SB329S1)
02/21/2022Placed on Calendar
02/21/2022Read first time
02/21/2022Referred to Committee on Commerce and Energy
02/22/2022Reported from Commerce and Energy (22-Y 0-N) (see vote tally)
02/24/2022Read second time
02/25/2022Read third time
02/25/2022Passed House BLOCK VOTE (99-Y 0-N)
02/25/2022VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
03/01/2022Enrolled
03/01/2022Bill text as passed Senate and House (SB329ER)
03/01/2022Impact statement from SCC (SB329ER)
03/01/2022Signed by Speaker
03/02/2022Signed by President
03/11/2022Enrolled Bill Communicated to Governor on March 11, 2022
03/11/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/11/2022G Approved by Governor-Chapter 607 (effective 7/1/22)
04/11/2022G Acts of Assembly Chapter text (CHAP0607)

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