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2014 SESSION
HB 358 Banks; interstate branching.
Introduced by: A. Benton "Ben" Chafin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Banks; interstate branching. Repeals a limitation on the establishment within the Commonwealth of branches of out-of-state banks. The limitation provides that such a branch may not be established unless the laws of the home state of the out-of-state bank permit Virginia banks to establish and maintain de novo in that state under substantially the same terms as provided under Virginia law. The measure also repeals (i) a requirement that the State Corporation Commission, when acting on an application by a Virginia bank to establish a branch in another state, consider the views of the state bank supervisor of the state where a branch is proposed to be located and (ii) a nonseverability provision that states that if any provision of Virginia's 1995 law regulating interstate branching is held to be invalid, the entire article is invalid.
FULL TEXT
- 01/03/14 House: Prefiled and ordered printed; offered 01/08/14 14103144D pdf | impact statement
- 02/24/14 House: Bill text as passed House and Senate (HB358ER) pdf | impact statement
- 03/07/14 Governor: Acts of Assembly Chapter text (CHAP0200) pdf
HISTORY
- 01/03/14 House: Prefiled and ordered printed; offered 01/08/14 14103144D
- 01/03/14 House: Referred to Committee on Commerce and Labor
- 01/14/14 House: Reported from Commerce and Labor (19-Y 1-N)
- 01/16/14 House: Read first time
- 01/17/14 House: Passed by for the day
- 01/20/14 House: Read second time and engrossed
- 01/21/14 House: Read third time and passed House (90-Y 1-N)
- 01/21/14 House: VOTE: PASSAGE (90-Y 1-N)
- 01/22/14 Senate: Constitutional reading dispensed
- 01/22/14 Senate: Referred to Committee on Commerce and Labor
- 02/17/14 Senate: Reported from Commerce and Labor (16-Y 0-N)
- 02/19/14 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/14 Senate: Read third time
- 02/20/14 Senate: Passed Senate (40-Y 0-N)
- 02/24/14 House: Enrolled
- 02/24/14 House: Bill text as passed House and Senate (HB358ER)
- 02/24/14 House: Signed by Speaker
- 02/26/14 Senate: Signed by President
- 03/07/14 Governor: Approved by Governor-Chapter 200 (effective 7/1/14)
- 03/07/14 Governor: Acts of Assembly Chapter text (CHAP0200)