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2020 SESSION

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Senate Committee on Commerce and Labor

Chair: Richard L. Saslaw

Date of Meeting: February 10, 2020
Time and Place: 15 minutes after adjournment of the Senate / Senate Room A

S.B. 274

Patron: Barker

Motion picture theaters; required open-captioned showings. Requires any motion picture theater that has four or more separate auditoriums to provide two scheduled showings of a motion picture that engages open captions for a particular showing of an open-captioned-available motion picture each week in any auditorium showing any open-captioned-available motion picture. The measure requires one showing in each auditorium to be during peak weekend motion picture attendance hours, and at least half of the other open-captioned showings to be during peak weekday motion picture attendance hours. If any auditorium is showing more than one motion picture during a week, the theater may select the motion picture to offer as open-captioned showings, but shall show a different motion picture on the weekend than it shows during the week. The measure prohibits a theater from providing more than one open-captioned showing at overlapping times unless the theater has more auditoriums than available showtimes. Persons suffering loss or injury resulting from a violation may bring an action to recover damages and reasonable attorney fees or injunctive relief.

A BILL to amend the Code of Virginia by adding in Title 59.1 a chapter numbered 20.1, consisting of sections numbered 59.1-261.1, 59.1-261.2, and 59.1-261.3, relating to motion picture theaters; open-caption showings.

20101030D

S.B. 542

Patron: Edwards

Securities Act; crowdfunding exemption. Repeals the sunset provision on the existing measure that authorizes the State Corporation Commission (the Commission) to adopt an exemption for limited offerings of securities by small and startup companies, known as equity crowdfunding, from the registration provisions of the Securities Act. These crowdfunding provisions, which were enacted in 2015, are currently scheduled to expire on July 1, 2020. The measure also broadens the existing exemption to apply to offerings conducted in accordance with Rule 147A adopted by the U.S. Securities Exchange Commission (SEC). Because Rule 147A does not require the issuer of the securities to be incorporated or organized in the same state where the offering occurs, the measure creates a carve-out for offerings under Rule 147A from the existing requirement that the issuer be formed, organized, or existing under the laws of the Commonwealth. Additionally, the measure provides that the crowdfunding exemption is available for both equity securities and debt offerings, including subordinated debt. Current Commission regulations prohibit the use of the exemption for debt offerings.

A BILL to amend and reenact § 13.1-514 of the Code of Virginia and to repeal the third enactment of Chapter 354 and the third enactment of Chapter 400 of the Acts of Assembly of 2015, relating to the Securities Act; exemption for equity crowdfunding.

20102490D

S.B. 665

Patron: Boysko

Electronic Identity Management Act; federated digital identity systems. Amends the Electronic Identity Management Act to accommodate federated digital identity systems. A federated digital identity system (federation) is defined in the measure as a digital identity system that uses federated identity management to enable the portability of identity information across otherwise autonomous security domains. Federated identity management is defined in the measure as a process that allows the conveyance of identity credentials and authentication information across digital identity systems through the use of a common set of policies, practices, and protocols for managing the identity of users and devices across security domains. The digital identity systems involved in a federation are required to be compliant with the Commonwealth's identity management standards and with the provisions of the governing identity trust framework.

A BILL to amend and reenact §§ 59.1-550 through 59.1-553 and 59.1-555 of the Code of Virginia, relating to the Electronic Identity Management Act; federated digital identity systems.

20102986D

S.B. 785

Patron: Lewis

Mortgage loan originators; exemption. Exempts retailers of manufactured or modular homes and employees of such retailers from the licensing and other requirements applicable to mortgage loan originators. The exemption applies if the retailer or employee (i) does not receive compensation or gain for engaging in certain activities that exceeds any compensation or gain received in a comparable cash transaction; (ii) makes certain disclosures; and (iii) does not directly negotiate loan terms with the consumer or lender.

A BILL to amend and reenact § 6.2-1701 of the Code of Virginia, relating to mortgage loan originators; exemption for retailers of manufactured or modular homes.

20104068D

S.B. 952

Patron: Marsden

High-nicotine vapor products; specialty retail facility; penalty. Prohibits the sale of nicotine vapor products that contain more than 20 milligrams of nicotine per milliliter at retail except at a retail facility that generates at least 50 percent of its revenue from the sale of tobacco products; nicotine vapor products, including liquid nicotine; and alternative nicotine products. The bill provides that any person who violates this prohibition is guilty of a Class 4 misdemeanor.

A BILL to amend and reenact § 59.1-293.10 of the Code of Virginia and to amend the Code of Virginia by adding in Chapter 23.2 of Title 59.1 a section numbered 59.1-293.12, relating to the sale of high-nicotine vapor products; specialty retail facility; penalty.

20104585D

S.B. 953

Patron: Edwards

Virginia Wireless Service Authority Act; appointments to board. Provides that a board established under the Virginia Wireless Service Authority Act may contain either five or seven members, rather than five members as required under current law.

A BILL to amend and reenact § 15.2-5431.10 of the Code of Virginia, relating to Virginia Wireless Service Authority Act.

20104625D