VA HB 293
Status unknownCorporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
Virginia · 2026 Regular Session · lower
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Quick answers
Did VA HB 293 pass?
The current status of VA HB 293 is not known from the official record. Latest recorded action (2026-03-09): Passed by indefinitely in Commerce and Labor (15-Y 0-N)
What is VA HB 293 about?
Corporations; limited liability decentralized autonomous organizations (LLDs). Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of organization with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of organization. The bill includes requirements for amending an LLD's articles of organization and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The provisions of the bill have a delayed effective date of January 1, 2028.
Who sponsors VA HB 293?
Dan I. Helmer is the primary sponsor of VA HB 293.
Description
Corporations; limited liability decentralized autonomous organizations (LLDs). Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of organization with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of organization. The bill includes requirements for amending an LLD's articles of organization and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The provisions of the bill have a delayed effective date of January 1, 2028.
- Introduced
- 2026-01-09
- Latest action
- 2026-03-09 — Passed by indefinitely in Commerce and Labor (15-Y 0-N)
- Bill type
- bill
- Last updated
- —
Sponsors
- Dan I. Helmerprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-03-09
Passed by indefinitely in Commerce and Labor (15-Y 0-N)
deferral
2026-02-17
Fiscal Impact Statement from State Corporation Commission (HB293)
2026-02-16
Referred to Committee on Commerce and Labor
referral-committee
2026-02-16
Constitutional reading dispensed (on 1st reading)
2026-02-13
Read third time and passed House (59-Y 37-N 0-A)
passage,reading-3
2026-02-12
Engrossed by House - committee substitute
substitution
2026-02-12
committee substitute agreed to
substitution
2026-02-12
Read second time
reading-2
2026-02-11
Read first time
reading-1
2026-02-09
Committee substitute printed 26107218D-H1
substitution
2026-02-09
Reported from Communications, Technology and Innovation with substitute (15-Y 7-N)
committee-passage
2026-02-09
House committee offered
2026-02-04
Subcommittee recommends reporting with substitute (7-Y 3-N)
substitution
2026-02-04
House subcommittee offered
2026-01-28
Fiscal Impact Statement from State Corporation Commission (HB293)
2026-01-26
Assigned HST sub: Technology and Innovation
referral-committee
2026-01-09
Referred to Committee on Communications, Technology and Innovation
referral-committee
2026-01-09
Prefiled and ordered printed; Offered 01-14-2026 26104634D
filing,introduction
Versions
Documents
Votes
Subcommittee recommends reporting with substitute
2026-02-04 · pass · 7-3
Member-level votes (10)
- Holly M. Seibold: yes
- Rozia A. Henson, Jr.: yes
- Karen Keys-Gamarra: yes
- Marty Martinez: yes
- JJ Singh: yes
- Lindsey Dougherty: yes
- Charlie Schmidt: yes
- Joseph P. McNamara: no
- Delores Oates: no
- Karen Hamilton: no
Reported from Communications, Technology and Innovation with substitute
2026-02-09 · pass · 15-7
Member-level votes (22)
- C.E. Cliff Hayes, Jr.: yes
- Irene Shin: yes
- Alfonso H. Lopez: yes
- Jeion A. Ward: yes
- Jackie H. Glass: yes
- Holly M. Seibold: yes
- Michelle Lopes Maldonado: yes
- Rozia A. Henson, Jr.: yes
- Karen Keys-Gamarra: yes
- Marty Martinez: yes
- Lindsey Dougherty: yes
- Lily V. Franklin: yes
- JJ Singh: yes
- Charlie Schmidt: yes
- Garrett McGuire: yes
- Joseph P. McNamara: no
- Thomas C. Wright, Jr.: no
- H. Otto Wachsmann, Jr.: no
- Delores Oates: no
- Karen Hamilton: no
- Justin Pence: no
- Thomas A. Garrett, Jr.: no
H VOTE:
2026-02-13 · pass · 59-37
Member-level votes (100)
- Jessica L. Anderson: yes
- Bonita G. Anthony: yes
- Alex Q. Askew: yes
- Terry L. Austin: no
- Jason S. Ballard: no
- Elizabeth B. Bennett-Parker: no
- Robert S. Bloxom, Jr.: no
- Gretchen M. Bulova: yes
- Katrina Callsen: yes
- Karen R. "Kacey" Carnegie: yes
- Betsy B. Carr: yes
- Stacey Annie Carroll: yes
- Mike A. Cherry: no
- Nadarius E. Clark: not voting
- Laura Jane Cohen: yes
- Joshua G. Cole: yes
- Nicole Cole: yes
- Kelly K. Convirs-Fowler: not voting
- Mitchell Cornett: no
- Rae Cousins: yes
- Will Davis: no
- Karrie K. Delaney: yes
- Lindsey Dougherty: yes
- Mark C. Downey: yes
- Michael B. Feggans: yes
- Hyland F. "Buddy" Fowler, Jr.: no
- Lily V. Franklin: yes
- Margaret A. Franklin: yes
- Debra D. Gardner: yes
- Thomas A. Garrett, Jr.: no
- Jackie H. Glass: yes
- Timothy P. Griffin: no
- Elizabeth R. Guzman: yes
- Karen Hamilton: no
- C.E. Cliff Hayes, Jr.: yes
- Dan I. Helmer: yes
- Rozia A. Henson, Jr.: yes
- Phil M. Hernandez: yes
- Charniele L. Herring: yes
- M. Keith Hodges: no
- Patrick A. Hope: yes
- Hillary Pugh Kent: no
- Karen Keys-Gamarra: yes
- Terry G. Kilgore: no
- Barry D. Knight: not voting
- Paul E. Krizek: yes
- Amy J. Laufer: yes
- James A. "Jay" Leftwich: no
- Destiny LeVere Bolling: yes
- Alfonso H. Lopez: yes
- Michelle Lopes Maldonado: yes
- Marty Martinez: yes
- John Chilton McAuliff: yes
- Adele Y. McClure: yes
- Garrett McGuire: yes
- Ellen H. McLaughlin: no
- Joseph P. McNamara: no
- Delores L. McQuinn: yes
- Leslie Chambers Mehta: yes
- James W. Morefield: no
- May Nivar: yes
- Delores Oates: no
- Israel D. O'Quinn: no
- Justin Pence: no
- Eric Phillips: no
- Kimberly Pope Adams: yes
- Marcia S. "Cia" Price: no
- Sam Rasoul: yes
- Atoosa R. Reaser: yes
- David A. Reid: yes
- Chris S. Runion: no
- Charlie Schmidt: yes
- Don Scott: yes
- Phillip A. Scott: no
- Holly M. Seibold: not voting
- Briana D. Sewell: yes
- Irene Shin: yes
- Marcus B. Simon: yes
- Shelly A. Simonds: yes
- JJ Singh: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Anne Ferrell Tata: no
- Joshua E. Thomas: yes
- Virgil Thornton: yes
- Luke E. Torian: yes
- Kathy K.L. Tran: no
- H. Otto Wachsmann, Jr.: no
- Wendell S. Walker: no
- Jeion A. Ward: yes
- R. Lee Ware: no
- Vivian E. Watts: yes
- Michael J. Webert: no
- Madison Whittle: no
- Bill Wiley: no
- Rodney T. Willett: yes
- Wren M. Williams: yes
- Tony O. Wilt: no
- Thomas C. Wright, Jr.: no
- Scott A. Wyatt: no
- Eric R. Zehr: no
Passed by indefinitely in Commerce and Labor
2026-03-09 · pass · 15-0
Member-level votes (15)
- R. Creigh Deeds: yes
- Mark D. Obenshain: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Scott A. Surovell: yes
- William M. Stanley, Jr.: yes
- Ryan T. McDougle: yes
- Mamie E. Locke: yes
- Bill DeSteph: yes
- Jeremy S. McPike: yes
- Mark J. Peake: yes
- Aaron R. Rouse: yes
- Lamont Bagby: yes
- Richard H. Stuart: yes
- Jennifer B. Boysko: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Session-wide evidence can include changes to other bills:
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