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ACROSS SESSIONS
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Developed and maintained by the Division of Legislative Automated Systems.
2022 SESSION
HB 263 Banks; virtual currency custody services.
Introduced by: Christopher T. Head | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Banks; virtual currency custody services. Permits banks in the Commonwealth to provide virtual currency custody services so long as the bank has adequate protocols in place to effectively manage the associated risks. The bill defines "virtual currency" and provides that a bank may choose to offer such custody services in a nonfiduciary capacity or a fiduciary capacity. If it chooses to provide such custody services in a fiduciary capacity, it must possess trust powers and have a trust department approved by the State Corporation Commission.
FULL TEXT
- 01/11/22 House: Prefiled and ordered printed; offered 01/12/22 22100187D pdf | impact statement
- 02/01/22 House: Printed as engrossed 22100187D-E pdf
- 03/08/22 House: Bill text as passed House and Senate (HB263ER) pdf | impact statement
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0623) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- House amendments adopted
HISTORY
- 01/11/22 House: Prefiled and ordered printed; offered 01/12/22 22100187D
- 01/11/22 House: Referred to Committee on Commerce and Energy
- 01/18/22 House: Assigned sub: Subcommittee #1
- 01/25/22 House: Subcommittee recommends reporting with amendments (7-Y 0-N)
- 01/27/22 House: Reported from Commerce and Energy with amendment(s) (22-Y 0-N)
- 01/31/22 House: Read first time
- 02/01/22 House: Read second time
- 02/01/22 House: Committee amendment agreed to
- 02/01/22 House: Engrossed by House as amended HB263E
- 02/01/22 House: Printed as engrossed 22100187D-E
- 02/02/22 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/02/22 House: VOTE: Block Vote Passage (98-Y 0-N)
- 02/03/22 Senate: Constitutional reading dispensed
- 02/03/22 Senate: Referred to Committee on Commerce and Labor
- 02/28/22 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 03/02/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/22 Senate: Read third time
- 03/03/22 Senate: Passed Senate (39-Y 0-N)
- 03/08/22 House: Enrolled
- 03/08/22 House: Bill text as passed House and Senate (HB263ER)
- 03/08/22 House: Signed by Speaker
- 03/08/22 Senate: Signed by President
- 03/22/22 House: Enrolled Bill communicated to Governor on March 22, 2022
- 03/22/22 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
- 04/11/22 Governor: Approved by Governor-Chapter 623 (effective 7/1/22)
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0623)