State Legislative Issues

While most of the laws and regulations that impact credit union operations are federal in nature, state law and regulation do play important roles, as well. Each year, your League tracks and monitors dozens of bills and proposals that have the potential to impact your credit union and its members.

In fact, many state legislatures, including the Virginia General Assembly, now wrestle with legislative issues more often thought of as federal issues, including consumer privacy protections and data breaches.

That's why your League remains ever-vigilant in monitoring issues at the state level and in working to shape a legislative and regulatory environment that empowers credit unions to thrive.

Virginia General Assembly

Learn more about the state legislature.

Meet Your Lawmaker

Summary of 2019 General Assembly Bills

Recently, we outlined key changes in state law affecting credit unions and their operations in three areas: Combating Financial Exploitation & Elder Abuse, Virginia Uniform Transfer to Minors Act and Decedent Accounts.

Hunton Andrews Kurth has prepared a detailed summary of those new laws, as well as an overview of other legislation of interest to credit unions from this year's General Assembly session.

Click here for the summary (PDF, 310kB)

Senate Bills - 2019 General Assembly

Bills of interest to credit unions introduced in the state Senate during the 2019 General Assembly session. Your League tracked each of these bills for its impact on credit unions or on the financial services sector.

BILL COMMITTEE / LAST ACTION / DATE OF LAST ACTION
SB 1041 - Black - Va. Telephone Privacy Protection Act; joint liability of seller & telephone solicitor for violation.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Bill text as passed Senate and House (SB1041ER)

Date of Last Action: 02/18/19

SB 1112 - Howell - Student loans; licensing of qualified education loan servicers, civil penalties.

(H) Committee on Commerce and Labor
(S) Committee on Finance

Last Action: (H) Failed to report (defeated) in Commerce and Labor (11-Y 11-N)

Date of Last Action: 02/12/19

SB 1175 - McPike - Elder abuse; employees of financial institutions required to report.

(S) Committee on Rehabilitation and Social Services

Last Action: (S) Incorporated by Rehabilitation and Social Services (SB1490-Obenshain) (15-Y 0-N)

Date of Last Action: 01/25/19

SB 1186 - Chafin - Financial institution; payment or delivery of small asset by affidavit, check, etc.

(H) Committee for Courts of Justice
(S) Committee for Courts of Justice

Last Action: (H) Subcommittee recommends reporting (6-Y 2-N)

Date of Last Action: 02/11/19

SB 1224 - Chafin - Local multidisciplinary adult abuse, neglect & exploitation response teams; establishment of teams.

(H) Committee for Courts of Justice
(S) Committee on Rehabilitation and Social Services

Last Action: (H) Referred to Committee for Courts of Justice

Date of Last Action: 02/04/19

SB 1266 - Saslaw - Open-end credit plans; penalty.

(S) Committee on Commerce and Labor

Last Action: (S) Failed to report (defeated) in Commerce and Labor (5-Y 10-N)

Date of Last Action: 01/31/19

SB 1272 - Sturtevant - Banks; directors' meetings.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Bill text as passed Senate and House (SB1272ER)

Date of Last Action: 02/18/19

SB 1290 - Saslaw - Open-end credit plans; governing law.

(S) Committee on Commerce and Labor

Last Action: (S) Failed to report (defeated) in Commerce and Labor (5-Y 7-N 1-A)

Date of Last Action: 01/28/19

SB 1302 - Barker - Rights of persons with disabilities; procedures for certain actions, website accessibility.

(S) Committee for Courts of Justice

Last Action: (S) Passed by indefinitely in Courts of Justice (8-Y 5-N 2-A)

Date of Last Action: 01/30/19

SB 1307 - Edwards - Uniform Transfers to Minors Act; transfer of property.

(H) Committee for Courts of Justice
(S) Committee for Courts of Justice

Last Action: (H) Reported from Courts of Justice (17-Y 0-N)

Date of Last Action: 02/15/19

SB 1325 - Chafin - Guaranteed asset protection waivers; establishes requirements for offering waivers, etc.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Bill text as passed Senate and House (SB1325ER)

Date of Last Action: 02/18/19

SB 1342 - DeSteph - Garage and mechanics' liens; increases amount of lien.

(H) Committee for Courts of Justice
(S) Committee for Courts of Justice

Last Action: (H) Subcommittee recommends reporting with substitute (7-Y 1-N)

Date of Last Action: 02/13/19

SB 1351 - Wagner - Benefits consortium; formation by a sponsoring association.

(S) Committee on Commerce and Labor

Last Action: (S) Incorporated by Commerce and Labor (SB1689-Dunnavant) (15-Y 0-N)

Date of Last Action: 01/31/19

SB 1490 - Obenshain - Aged or incapacitated adults; financial exploitation, authority to refuse transactions.

(H) Committee on Commerce and Labor
(S) Committee on Rehabilitation and Social Services

Last Action: (S) House substitute rejected by Senate (0-Y 39-N)

Date of Last Action: 02/15/19

SB 1497 - Ebbin - Campaign contribution limits; civil penalty.

(S) Committee on Privileges and Elections

Last Action: (S) Incorporated by Privileges and Elections (SB1146-Petersen) (14-Y 0-N)

Date of Last Action: 01/29/19

SB 1539 - Surovell - Child support; withholding of income of independent contractors.

(H) Committee for Courts of Justice
(S) Committee on General Laws and Technology

Last Action: (H) Subcommittee recommends reporting (4-Y 3-N)

Date of Last Action: 02/13/19

SB 1548 - Surovell - Consumer finance companies; loans, licensing.

(S) Committee on Commerce and Labor

Last Action: (S) Failed to report (defeated) in Commerce and Labor (5-Y 9-N 1-A)

Date of Last Action: 01/21/19

SB 1609 - Saslaw - Banks; capital stock.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Bill text as passed Senate and House (SB1609ER)

Date of Last Action: 02/18/19

 

 

House Bills - 2019 General Assembly

Bills of interest to credit unions introduced in the House of Delegates during the 2019 General Assembly session. Your League tracked each of these bills for its impact on credit unions or on the financial services sector.

BILL COMMITTEE / LAST ACTION / DATE OF LAST ACTION
HB 1747 - Carter - Workers' compensation; retaliatory discharge of employee.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 1748 - Carter - Workers' compensation; employer to notify employee of intent.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 1760 - Simon - Student loans; licensing of qualified education loan servicers, civil penalties, report.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 1792 - VanValkenburg - Employment; covenants not to compete, low-wage employees.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 1987 - Toscano - Aged or incapacitated adults; financial exploitation, authority to refuse transactions.

(H) Committee on Commerce and Labor
(S) Committee on Rehabilitation and Social Services

Last Action: (S) Committee substitute printed 19106848D-S1

Date of Last Action: 02/15/19

HB 2109 - O'Quinn - Guaranteed asset protection waivers; establishes requirements for offering waivers, etc.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (H) Placed on Calendar

Date of Last Action: 02/18/19

HB 2132 - Murphy - Crimes against incapacitated and vulnerable adults; penalties.

(H) Committee for Courts of Justice

Last Action: (H) Left in Courts of Justice

Date of Last Action: 02/05/19

HB 2191 - Rush - Bank franchise; tax credit for student loan refinancing.

(H) Committee on Finance

Last Action: (H) Left in Finance

Date of Last Action: 02/05/19

HB 2225 - O'Quinn - Financial exploitation of adults; reporting by financial institution staff.

(H) Committee for Courts of Justice
(S) Committee on Commerce and Labor

Last Action: (S) Passed Senate (40-Y 0-N)

Date of Last Action: 02/14/19

HB 2251 - Marshall - Mortgage loan originators; licensing.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Passed Senate (40-Y 0-N)

Date of Last Action: 02/14/19

HB 2284 - Heretick - Debt management plans; exempts entities.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Passed Senate (40-Y 0-N)

Date of Last Action: 02/14/19

HB 2296 - Leftwich - Rights of persons with disabilities; procedures for certain actions, website accessibility.

(H) Committee for Courts of Justice
(S) Committee for Courts of Justice

Last Action: (S) Constitutional reading dispensed (37-Y 0-N)

Date of Last Action: 02/15/19

HB 2298 - O'Quinn - Banks; directors' meetings.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Passed Senate (40-Y 0-N)

Date of Last Action: 02/14/19

HB 2419 - Yancey - Banks; capital stock.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (S) Passed Senate (40-Y 0-N)

Date of Last Action: 02/14/19

HB 2443 - Wilt - Benefits consortium; formation by a sponsoring association.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (H) Placed on Calendar

Date of Last Action: 02/18/19

HB 2630 - Yancey - Open-end credit plans; governing law.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 2664 - Aird - Wage payment statements; each employer to provide on each regular pay date.

(H) Committee on Commerce and Labor
(S) Committee on Commerce and Labor

Last Action: (H) Placed on Calendar

Date of Last Action: 02/18/19

HB 2706 - Bagby - Credit unions; board of directors compensation.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HB 2725 - Carter - Credit unions; authorizes localities and political subdivisions to hold public deposits.

(H) Committee on Commerce and Labor

Last Action: (H) Left in Commerce and Labor

Date of Last Action: 02/05/19

HJ 775 - Keam - Commending the Northwest Federal Credit Union Foundation.

Last Action: (S) Laid on Clerk's Desk

Date of Last Action: 02/12/19

 

 

 

 

 

 

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