SB 296 Virginia Senate · 2020 Regular Session

Credit unions; board of directors compensation.

Summary

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813.

Bill status signed all 5 stages cleared

Introduction

Jan 2020

Committee Review

Feb 2020

Senate Passage

Jan 2020

House of Delegates Passage

Feb 2020

Signed into Law

Mar 2020

Introduced Jan 3, 2020 Signed Mar 31, 2020

Floor votes · Senate Jan 24, 2020 · House of Delegates Feb 28, 2020

How they voted

39–0

Passed · 1 other

Total votes 40

Jan 24, 2020

D Democratic21

21 Yea

100% Yea

R Republican19

18 Yea 1

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 31, 2020

Signed into law

Approved by Governor-Chapter 547 (effective 7/1/20)

Feb 28, 2020

House of Delegates · Passed

Passed House BLOCK VOTE (100-Y 0-N)

Feb 25, 2020

House of Delegates · Reported by committee

Reported from Labor and Commerce (20-Y 0-N)

Feb 18, 2020

House of Delegates · Referred to committee

Referred to Committee on Labor and Commerce

Jan 24, 2020

Senate · Passed

Read third time and passed Senate (39-Y 0-N)

Jan 23, 2020

Senate · Reported by committee

Engrossed by Senate - committee substitute SB296S1

Jan 23, 2020

Senate · Reported by committee

Committee substitute agreed to 20106137D-S1

Jan 20, 2020

Senate · Reported by committee

Reported from Commerce and Labor with substitute (15-Y 0-N)

Jan 3, 2020

Senate · Referred to committee

Referred to Committee on Commerce and Labor

Jan 3, 2020

Senate · Introduced

Prefiled and ordered printed; offered 01/08/20 20102695D

1 primary · 0 co-sponsors