Subcommittee Agenda

Labor and Commerce - Subcommittee #1 Subcommittee Agenda

Chair:

Meeting Date & Time: 03/03/2026 Immediately upon adjournment of full committee Add to Calendar

Location: House Committee Room A - 008

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Additional Resource(s):

Public Comments

Active item: Meeting Adjourned

Video: Archived

Committee Clerk: (804) 698-1546

DLS Contact: (804) 698-1816 (Ali) ; (804) 698-1821 (Stevens)

Block 1

Bill(s)	Patron	Title
SB246	Surovell	Virginia Nonstock Corporation Act; numerous revisions to Act, delayed effective date.
Summary: An Act to amend and reenact §§ 13.1-803, 13.1-804, 13.1-804.1, 13.1-806 through 13.1-811, 13.1-813 through 13.1-816, 13.1-819 through 13.1-828, 13.1-831, 13.1-834, 13.1-835, 13.1-837 through 13.1-852.1, 13.1-853 through 13.1-860, 13.1-862, 13.1-864, 13.1-865, 13.1-867 through 13.1-870.1, 13.1-871, 13.1-872 through 13.1-897.1, 13.1-898.2 through 13.1-898.5, 13.1-899, 13.1-900, 13.1-902, 13.1-904 through 13.1-910, 13.1-912 through 13.1-923, 13.1-925 through 13.1-936.1, 13.1-937, 13.1-939, 13.1-945, 13.1-1002, and 13.1-1082 of the Code of Virginia; to amend the Code of Virginia by adding in Chapter 10 of Title 13.1 an article numbered 1.1, consisting of sections numbered 13.1-814.2 through 13.1-814.9, by adding sections numbered 13.1-837.1 and 13.1-837.2, by adding in Article 7 of Chapter 10 of Title 13.1 a section numbered 13.1-852.01, by adding in Chapter 10 of Title 13.1 an article numbered 7.2, consisting of sections numbered 13.1-852.3 through 13.1-852.7, by adding sections numbered 13.1-861.1, 13.1-871.2, 13.1-889.1, 13.1-894.1, 13.1-895.1, and 13.1-898.5:1, by adding in Chapter 10 of Title 13.1 an article numbered 11.2, consisting of sections numbered 13.1-898.8 through 13.1-898.14, by adding in Article 13 of Chapter 10 of Title 13.1 a section numbered 13.1-901.1, by adding in Chapter 10 of Title 13.1 an article numbered 13.1, consisting of sections numbered 13.1-918.1 and 13.1-918.2, and by adding a section numbered 13.1-935.2; and to repeal §§ 13.1-898.6 and 13.1-898.7 and Article 17.1 (§§ 13.1-944.1 through 13.1-944.7) of Chapter 10 of Title 13.1 of the Code of Virginia, relating to Virginia Nonstock Corporation Act. Fiscal Impact Subcommittee recommends reporting with amendment(s) (9-Y 0-N) Yeas (9): Maldonado, Sullivan, Shin, Cohen, Cousins, Singh, Kilgore, O'Quinn, Ballard Last actions: 3/5/2026 - Reported from Labor and Commerce with amendment(s) (21-Y 0-N) 3/9/2026 - Read second time 3/10/2026 - Passed by for the day 3/11/2026 - Moved from Uncontested Calendar to Regular Calendar 3/11/2026 - Floor offered Delegate Hope Amendments Senate Committee Actions: • 1/29/2026 - Commerce and Labor Substitute agreed to • 1/29/2026 - Engrossed by Senate (Voice Vote) • 1/29/2026 - Engrossed by Senate - committee substitute • 1/30/2026 - Read third time and passed Senate (38-Y 0-N 0-A) • 2/2/2026 - Fiscal Impact Statement from State Corporation Commission (SB246) Related Bills: HB439 (Hope) Subcommittee #1 Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
SB479	Marsden	Virginia Stock Corporation Act; changes to Act.
Summary: An Act to amend and reenact §§ 13.1-603, 13.1-616, 13.1-619, 13.1-624, 13.1-632, 13.1-639, 13.1-643, 13.1-646, 13.1-671.1, 13.1-672.1, 13.1-672.3, 13.1-672.4, 13.1-672.5, 13.1-689, 13.1-691, 13.1-724, 13.1-741.1, 13.1-754, and 13.1-770 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 13.1-689.1 and by adding in Article 16 of Chapter 9 of Title 13.1 a section numbered 13.1-741.2, relating to Virginia Stock Corporation Act. Fiscal Impact Subcommittee recommends reporting with amendment(s) (9-Y 0-N) Yeas (9): Maldonado, Sullivan, Shin, Cohen, Cousins, Singh, Kilgore, O'Quinn, Ballard Last actions: 3/2/2026 - Placed on Labor and Commerce Agenda 3/3/2026 - House subcommittee offered 3/3/2026 - Subcommittee recommends reporting with amendment(s) (9-Y 0-N) 3/4/2026 - Placed on Labor and Commerce Agenda 3/5/2026 - Reported from Labor and Commerce with amendment(s) (21-Y 0-N) Senate Committee Actions: • 1/29/2026 - Commerce and Labor Substitute agreed to • 1/29/2026 - Engrossed by Senate (Voice Vote) • 1/29/2026 - Engrossed by Senate - committee substitute • 1/30/2026 - Read third time and passed Senate (38-Y 0-N 0-A) • 2/26/2026 - Fiscal Impact Statement from State Corporation Commission (SB479) Related Bills: HB316 (Hope) Subcommittee #1 Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
SB734	Hackworth	Financial institutions; officers and directors.
Summary: An Act to amend and reenact § 6.2-104 of the Code of Virginia, relating to financial institutions; officers and directors. Fiscal Impact Subcommittee recommends reporting (9-Y 0-N) Yeas (9): Maldonado, Sullivan, Shin, Cohen, Cousins, Singh, Kilgore, O'Quinn, Ballard Last actions: 2/25/2026 - Assigned HCL sub: Subcommittee #1 3/2/2026 - Placed on Labor and Commerce Agenda 3/3/2026 - Subcommittee recommends reporting (9-Y 0-N) 3/4/2026 - Placed on Labor and Commerce Agenda 3/5/2026 - Reported from Labor and Commerce (21-Y 0-N) Senate Committee Actions: • 1/28/2026 - Passed by for the day Block Vote (Voice Vote) • 1/28/2026 - Passed by for the day • 1/29/2026 - Read second time • 1/29/2026 - Engrossed by Senate (Voice Vote) • 1/30/2026 - Read third time and passed Senate (38-Y 0-N 0-A) Subcommittee #1 Subcommittee recommends reporting (9-Y 0-N)

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