Bill Commons

VA SB 489

enacted

Financial institutions and services; virtual currency kiosk operators, license required, penalties.

Virginia · 2026 Regular Session · upper

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Quick answers

Did VA SB 489 pass?

Yes. VA SB 489 has been enacted into law. 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

Newest first

  1. 2026-04-13

    Acts of Assembly Chapter text (CHAP0655)

  2. 2026-04-13

    Approved by Governor-Chapter 655 (effective 7/1/2026)

    executive-signature

  3. 2026-03-24

    Fiscal Impact Statement from State Corporation Commission (SB489)

  4. 2026-03-10

    Governor's Action Deadline 11:59 p.m., April 13, 2026

    executive-receipt

  5. 2026-03-10

    Enrolled Bill communicated to Governor on March 10, 2026

    enrolled,executive-receipt

  6. 2026-03-05

    Signed by President

    passage

  7. 2026-03-05

    Signed by Speaker

    passage

  8. 2026-03-05

    Bill text as passed Senate and House (SB489ER)

    passage

  9. 2026-03-05

    Enrolled

    enrolled

  10. 2026-03-02

    House Amendments agreed to by Senate (40-Y 0-A 0-A)

    amendment-passage

  11. 2026-02-26

    Passed House with amendments (86-Y 10-N 0-A)

    passage

  12. 2026-02-26

    Engrossed by House as amended

  13. 2026-02-26

    committee amendments agreed to

    amendment-passage

  14. 2026-02-26

    Read third time

    reading-3

  15. 2026-02-25

    Read second time

    reading-2

  16. 2026-02-23

    House committee offered

  17. 2026-02-23

    Reported from Communications, Technology and Innovation with amendment(s) (19-Y 3-N)

    committee-passage

  18. 2026-02-23

    House committee offered

  19. 2026-02-12

    Referred to Committee on Communications, Technology and Innovation

    referral-committee

  20. 2026-02-12

    Read first time

    reading-1

  21. 2026-02-12

    Placed on Calendar

  22. 2026-02-09

    Read third time and passed Senate (40-Y 0-N 0-A)

    passage,reading-3

  23. 2026-02-06

    Engrossed by Senate - committee substitute (Voice Vote)

    substitution

  24. 2026-02-06

    Commerce and Labor Substitute agreed to

  25. 2026-02-06

    Read second time

    reading-2

  26. 2026-02-05

    Fiscal Impact Statement from State Corporation Commission (SB489)

  27. 2026-02-05

    Passed by for the day (Voice Vote)

  28. 2026-02-05

    Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)

  29. 2026-02-05

    Rules suspended

  30. 2026-02-04

    Reported from Finance and Appropriations

    committee-passage

  31. 2026-01-27

    Committee substitute printed 26106150D-S1

    substitution

  32. 2026-01-26

    Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (11-Y 0-N 4-A)

    committee-passage

  33. 2026-01-26

    Senate committee offered

  34. 2026-01-26

    Fiscal Impact Statement from State Corporation Commission (SB489)

  35. 2026-01-13

    Referred to Committee on Commerce and Labor

    referral-committee

  36. 2026-01-13

    Prefiled and ordered printed; Offered 01-14-2026 26104942D

    filing,introduction

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

https://lis.virginia.gov/bill-details/20261/SB489

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

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