Financial institutions; consumer has option of completing certain payments electronically. (SB166)

Introduced By

Sen. Bryce Reeves (R-Spotsylvania)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Financial institutions; certain payments required electronically. Requires any financial institution that initiates an electronic fund transfer as payment for the sale to a consumer of a security issued by such financial institution to make available to the consumer the option of completing any payment of principal, interest, dividend, or other distribution related to the security via an electronic fund transfer. Read the Bill »


Bill Has Passed


01/07/2024Prefiled and ordered printed; offered 01/10/24 24102017D
01/07/2024Referred to Committee on Commerce and Labor
01/15/2024Impact statement from SCC (SB166)
01/22/2024Reported from Commerce and Labor with amendment (13-Y 0-N 1-A) (see vote tally)
01/24/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/25/2024Read second time
01/25/2024Reading of amendment waived
01/25/2024Committee amendment agreed to
01/25/2024Engrossed by Senate as amended SB166E
01/25/2024Printed as engrossed 24102017D-E
01/26/2024Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/01/2024Impact statement from SCC (SB166E)
02/13/2024Placed on Calendar
02/13/2024Read first time
02/13/2024Referred to Committee on Labor and Commerce
02/14/2024Assigned L & C sub: Subcommittee #1
02/20/2024Subcommittee recommends reporting (7-Y 0-N)
02/22/2024Reported from Labor and Commerce (22-Y 0-N) (see vote tally)
02/26/2024Read second time
02/27/2024Read third time
02/27/2024Passed House BLOCK VOTE (97-Y 0-N)
02/27/2024VOTE: Block Vote Passage (97-Y 0-N) (see vote tally)
03/04/2024Bill text as passed Senate and House (SB166ER)
03/04/2024Signed by Speaker
03/07/2024Signed by President
03/08/2024Impact statement from SCC (SB166ER)
03/11/2024Enrolled Bill Communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
04/04/2024G Approved by Governor-Chapter 422 (effective 7/1/24)
04/04/2024G Acts of Assembly Chapter text (CHAP0422)

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