VA SB 734
enactedFinancial institutions; officers and directors.
Virginia · 2026 Regular Session · upper
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Quick answers
Did VA SB 734 pass?
Yes. VA SB 734 has been enacted into law. Latest recorded action (2026-04-13): Approved by Governor-Chapter 903 (effective 7/1/2026)
What is VA SB 734 about?
Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.
Who sponsors VA SB 734?
T. Travis Hackworth is the primary sponsor of VA SB 734.
Description
Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.
- Introduced
- 2026-01-16
- Latest action
- 2026-04-13 — Approved by Governor-Chapter 903 (effective 7/1/2026)
- Bill type
- bill
- Last updated
- —
Sponsors
- T. Travis Hackworthprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-04-13
Approved by Governor-Chapter 903 (effective 7/1/2026)
executive-signature
2026-04-06
Fiscal Impact Statement from State Corporation Commission (SB734)
2026-03-31
Governor's Action Deadline 11:59 p.m., April 13, 2026
executive-receipt
2026-03-31
Enrolled Bill communicated to Governor on March 31, 2026
enrolled,executive-receipt
2026-03-31
Signed by Speaker
passage
2026-03-30
Signed by President
passage
2026-03-30
Bill text as passed Senate and House (SB734ER)
passage
2026-03-30
Enrolled
enrolled
2026-03-10
Passed House (99-Y 0-N 0-A)
passage
2026-03-10
Read third time
reading-3
2026-03-09
Read second time
reading-2
2026-03-05
Reported from Labor and Commerce (21-Y 0-N)
committee-passage
2026-03-03
Subcommittee recommends reporting (9-Y 0-N)
2026-02-25
Assigned HCL sub: Subcommittee #1
referral-committee
2026-02-04
Referred to Committee on Labor and Commerce
referral-committee
2026-02-04
Read first time
reading-1
2026-02-04
Placed on Calendar
2026-01-30
Read third time and passed Senate (38-Y 0-N 0-A)
passage,reading-3
2026-01-29
Engrossed by Senate (Voice Vote)
2026-01-29
Read second time
reading-2
2026-01-28
Passed by for the day
2026-01-28
Passed by for the day Block Vote (Voice Vote)
2026-01-28
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
2026-01-28
Rules suspended
2026-01-26
Reported from Commerce and Labor (15-Y 0-N)
committee-passage
2026-01-25
Fiscal Impact Statement from State Corporation Commission (SB734)
2026-01-16
Referred to Committee on Commerce and Labor
referral-committee
2026-01-16
Presented and ordered printed 26104585D
introduction
Versions
Documents
Votes
Reported from Commerce and Labor
2026-01-26 · pass · 15-0
Member-level votes (15)
- R. Creigh Deeds: yes
- Mark D. Obenshain: yes
- L. Louise Lucas: yes
- David W. Marsden: yes
- Adam P. Ebbin: yes
- Scott A. Surovell: yes
- William M. Stanley, Jr.: yes
- Ryan T. McDougle: yes
- Mamie E. Locke: yes
- Bryce E. Reeves: yes
- Bill DeSteph: yes
- Jeremy S. McPike: yes
- Mark J. Peake: yes
- Aaron R. Rouse: yes
- Lamont Bagby: yes
Constitutional reading dispensed R
2026-01-28 · 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
2026-01-30 · pass · 38-0
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: not voting
- 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: not voting
- Glen H. Sturtevant, Jr.: yes
- David R. Suetterlein: yes
- Scott A. Surovell: yes
- Schuyler T. VanValkenburg: yes
- Angelia Williams Graves: yes
Subcommittee recommends reporting
2026-03-03 · pass · 9-0
Member-level votes (9)
- Michelle Lopes Maldonado: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Irene Shin: yes
- Laura Jane Cohen: yes
- Rae Cousins: yes
- JJ Singh: yes
- Terry G. Kilgore: yes
- Israel D. O'Quinn: yes
- Jason S. Ballard: yes
Reported from Labor and Commerce
2026-03-05 · pass · 21-0
Member-level votes (22)
- Jeion A. Ward: yes
- Richard C. "Rip" Sullivan, Jr.: yes
- Alfonso H. Lopez: yes
- Kelly K. Convirs-Fowler: yes
- Dan I. Helmer: yes
- Michelle Lopes Maldonado: yes
- Irene Shin: yes
- Destiny LeVere Bolling: yes
- Michael B. Feggans: yes
- Nadarius E. Clark: yes
- Rae Cousins: yes
- Bonita G. Anthony: yes
- Laura Jane Cohen: not voting
- JJ Singh: yes
- May Nivar: yes
- Terry G. Kilgore: yes
- Israel D. O'Quinn: yes
- Michael J. Webert: yes
- Tony O. Wilt: yes
- Chris S. Runion: yes
- Jason S. Ballard: yes
- Wren M. Williams: yes
H VOTE:
2026-03-10 · pass · 99-0
Member-level votes (99)
- Jessica L. Anderson: yes
- Bonita G. Anthony: yes
- Alex Q. Askew: yes
- Terry L. Austin: yes
- Jason S. Ballard: yes
- 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: yes
- 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.: yes
- Jackie H. Glass: yes
- Timothy P. Griffin: yes
- Elizabeth R. Guzman: yes
- Karen Hamilton: yes
- 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: yes
- Patrick A. Hope: yes
- Hillary Pugh Kent: yes
- Karen Keys-Gamarra: yes
- Terry G. Kilgore: yes
- Paul E. Krizek: yes
- Amy J. Laufer: yes
- James A. "Jay" Leftwich: yes
- 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: yes
- 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: yes
- 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: yes
- Bill Wiley: yes
- Rodney T. Willett: yes
- Wren M. Williams: yes
- Tony O. Wilt: yes
- Thomas C. Wright, Jr.: yes
- Scott A. Wyatt: yes
- Eric R. Zehr: 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
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