VA SB 489
enactedFinancial institutions and services; virtual currency kiosk operators, license required, penalties.
Virginia · 2026 Regular Session · upper
Quick answers
Did VA SB 489 pass?
Yes. VA SB 489 has been enacted into law as of 2026-04-13. Latest recorded action (2026-04-13): Acts of Assembly Chapter text (CHAP0655)
What is VA SB 489 about?
Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to HB 665.
Who sponsors VA SB 489?
Saddam Azlan Salim is the primary sponsor of VA SB 489, joined by 3 cosponsors.
Description
Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to HB 665.
- Introduced
- 2026-01-13
- Latest action
- 2026-04-13 — Acts of Assembly Chapter text (CHAP0655)
- Bill type
- bill
- Last updated
- —
Sponsors
- Saddam Azlan Salimprimary
- Irene Shincosponsor
- Sam Rasoulcosponsor
- Michelle Lopes Maldonadocosponsor
Committees
Not provided by source.
Action timeline
2026-01-13
Prefiled and ordered printed; Offered 01-14-2026 26104942D
filing,introduction
2026-01-13
Referred to Committee on Commerce and Labor
referral-committee
2026-01-26
Fiscal Impact Statement from State Corporation Commission (SB489)
2026-01-26
Senate committee offered
2026-01-26
Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (11-Y 0-N 4-A)
committee-passage
2026-01-27
Committee substitute printed 26106150D-S1
substitution
2026-02-04
Reported from Finance and Appropriations
committee-passage
2026-02-05
Rules suspended
2026-02-05
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
2026-02-05
Passed by for the day (Voice Vote)
2026-02-05
Fiscal Impact Statement from State Corporation Commission (SB489)
2026-02-06
Read second time
reading-2
2026-02-06
Commerce and Labor Substitute agreed to
2026-02-06
Engrossed by Senate - committee substitute (Voice Vote)
substitution
2026-02-09
Read third time and passed Senate (40-Y 0-N 0-A)
passage,reading-3
2026-02-12
Placed on Calendar
2026-02-12
Read first time
reading-1
2026-02-12
Referred to Committee on Communications, Technology and Innovation
referral-committee
2026-02-23
House committee offered
2026-02-23
Reported from Communications, Technology and Innovation with amendment(s) (19-Y 3-N)
committee-passage
2026-02-23
House committee offered
2026-02-25
Read second time
reading-2
2026-02-26
Read third time
reading-3
2026-02-26
committee amendments agreed to
amendment-passage
2026-02-26
Engrossed by House as amended
2026-02-26
Passed House with amendments (86-Y 10-N 0-A)
passage
2026-03-02
House Amendments agreed to by Senate (40-Y 0-A 0-A)
amendment-passage
2026-03-05
Enrolled
enrolled
2026-03-05
Bill text as passed Senate and House (SB489ER)
passage
2026-03-05
Signed by Speaker
passage
2026-03-05
Signed by President
passage
2026-03-10
Enrolled Bill communicated to Governor on March 10, 2026
enrolled,executive-receipt
2026-03-10
Governor's Action Deadline 11:59 p.m., April 13, 2026
executive-receipt
2026-03-24
Fiscal Impact Statement from State Corporation Commission (SB489)
2026-04-13
Approved by Governor-Chapter 655 (effective 7/1/2026)
executive-signature
2026-04-13
Acts of Assembly Chapter text (CHAP0655)
Versions
Documents
Votes
Reported from Commerce and Labor with substitute
2026-01-26 · pass · 11-0
Member-level votes (15)
- R. Creigh Deeds: yes
- Mark D. Obenshain: abstain
- L. Louise Lucas: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Scott A. Surovell: yes
- William M. Stanley, Jr.: yes
- Ryan T. McDougle: abstain
- Mamie E. Locke: yes
- Bryce E. Reeves: abstain
- Bill DeSteph: abstain
- Jeremy S. McPike: yes
- Mark J. Peake: yes
- Aaron R. Rouse: yes
- Lamont Bagby: yes
Reported from Finance and Appropriations
2026-02-04 · pass · 15-0
Member-level votes (15)
- L. Louise Lucas: yes
- R. Creigh Deeds: yes
- Mamie E. Locke: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Ryan T. McDougle: yes
- Mark D. Obenshain: yes
- Richard H. Stuart: yes
- Bryce E. Reeves: yes
- Barbara A. Favola: yes
- Scott A. Surovell: yes
- Jeremy S. McPike: yes
- Jennifer B. Boysko: yes
- Todd E. Pillion: yes
- Aaron R. Rouse: yes
Constitutional reading dispensed R
2026-02-05 · pass · 40-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Adam P. Ebbin: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Passage R
2026-02-09 · pass · 40-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Adam P. Ebbin: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Reported from Communications, Technology and Innovation with amendment(s)
2026-02-23 · pass · 19-3
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: yes
- Thomas C. Wright, Jr.: no
- H. Otto Wachsmann, Jr.: yes
- Delores Oates: yes
- Karen Hamilton: no
- Justin Pence: no
- Thomas A. Garrett, Jr.: yes
H VOTE:
2026-02-26 · pass · 86-10
Member-level votes (99)
- Jessica L. Anderson: yes
- Bonita G. Anthony: yes
- Alex Q. Askew: yes
- Terry L. Austin: yes
- Jason S. Ballard: no
- Robert S. Bloxom, Jr.: yes
- 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: yes
- Laura Jane Cohen: yes
- Joshua G. Cole: yes
- Nicole Cole: yes
- Kelly K. Convirs-Fowler: yes
- Mitchell Cornett: yes
- Rae Cousins: yes
- Will Davis: yes
- Karrie K. Delaney: yes
- Lindsey Dougherty: yes
- Mark C. Downey: yes
- Michael B. Feggans: yes
- Hyland F. "Buddy" Fowler, Jr.: yes
- Lily V. Franklin: yes
- Margaret A. Franklin: yes
- Debra D. Gardner: yes
- Thomas A. Garrett, Jr.: not voting
- Jackie H. Glass: yes
- Timothy P. Griffin: no
- Elizabeth R. Guzman: yes
- Karen Hamilton: no
- C.E. Cliff Hayes, Jr.: yes
- Dan I. Helmer: not voting
- Rozia A. Henson, Jr.: yes
- Phil M. Hernandez: yes
- Charniele L. Herring: yes
- M. Keith Hodges: yes
- Patrick A. Hope: yes
- Hillary Pugh Kent: no
- Karen Keys-Gamarra: yes
- Terry G. Kilgore: yes
- 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: yes
- Joseph P. McNamara: yes
- Kirk McPike: yes
- Delores L. McQuinn: yes
- Leslie Chambers Mehta: yes
- James W. Morefield: yes
- May Nivar: yes
- Delores Oates: yes
- Israel D. O'Quinn: yes
- Justin Pence: no
- Eric Phillips: yes
- Kimberly Pope Adams: yes
- Marcia S. "Cia" Price: yes
- Sam Rasoul: yes
- Atoosa R. Reaser: yes
- David A. Reid: yes
- Chris S. Runion: yes
- Charlie Schmidt: yes
- Don Scott: yes
- Phillip A. Scott: no
- Holly M. Seibold: yes
- 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: yes
- Joshua E. Thomas: yes
- Virgil Thornton: yes
- Luke E. Torian: yes
- Kathy K.L. Tran: yes
- H. Otto Wachsmann, Jr.: yes
- Wendell S. Walker: yes
- Jeion A. Ward: yes
- R. Lee Ware: yes
- Vivian E. Watts: yes
- Michael J. Webert: yes
- Madison Whittle: no
- Bill Wiley: yes
- Rodney T. Willett: yes
- Wren M. Williams: not voting
- Tony O. Wilt: yes
- Thomas C. Wright, Jr.: no
- Scott A. Wyatt: yes
- Eric R. Zehr: yes
Concur House Amendments R
2026-03-02 · pass · 40-0
Member-level votes (40)
- Lashrecse D. Aird: yes
- Lamont Bagby: yes
- Elizabeth B. Bennett-Parker: yes
- Jennifer B. Boysko: yes
- Jennifer D. Carroll Foy: yes
- Luther Cifers, III: yes
- Christie New Craig: yes
- R. Creigh Deeds: yes
- Bill DeSteph: yes
- J.D. "Danny" Diggs: yes
- Tara A. Durant: yes
- Barbara A. Favola: yes
- Timmy French: yes
- T. Travis Hackworth: yes
- Christopher T. Head: yes
- Michael J. Jones: yes
- Emily M. Jordan: yes
- Mamie E. Locke: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Ryan T. McDougle: yes
- Jeremy S. McPike: yes
- Tammy Brankley Mulchi: yes
- Mark D. Obenshain: yes
- Mark J. Peake: yes
- Stella G. Pekarsky: yes
- Russet Perry: yes
- Todd E. Pillion: yes
- Bryce E. Reeves: yes
- Danica A. Roem: yes
- Aaron R. Rouse: yes
- Saddam Azlan Salim: yes
- Kannan Srinivasan: yes
- William M. Stanley, Jr.: yes
- Richard H. Stuart: yes
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: 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:
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