VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2016 SESSION

• | print version

HB 1227 Securities Act; registration exemptions.

Introduced by: Glenn R. Davis | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Securities Act; registration exemptions. Establishes an exemption for any offer or sale of a security that is conducted in accordance with Tier 2 of federal Regulation A promulgated under § 3(b)(2) of the Securities Act of 1933. The exemption applies to the extent that such securities are preempted from state registration requirements pursuant to Tier 2 of federal Regulation A. The measure requires the State Corporation Commission (SCC) to prescribe any filings with it of notices, renewals, and other materials. The measure authorizes the SCC to assess a filing fee. The SCC is further required to provide information on its website regarding the differences between this exemption and the crowdfunding exemption enacted in 2015.

FULL TEXT

• 01/19/16  House: Presented and ordered printed 16103815D  pdf | impact statement
• 02/15/16  House: Printed as engrossed 16103815D-E  pdf | impact statement
• 02/29/16  House: Bill text as passed House and Senate (HB1227ER)  pdf | impact statement
• 03/07/16  Governor: Acts of Assembly Chapter text (CHAP0260)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/19/16  House: Presented and ordered printed 16103815D
• 01/19/16  House: Referred to Committee on Commerce and Labor
• 02/11/16  House: Reported from Commerce and Labor with amendment (22-Y 0-N)
• 02/13/16  House: Read first time
• 02/15/16  House: Read second time
• 02/15/16  House: Committee amendment agreed to
• 02/15/16  House: Engrossed by House as amended HB1227E
• 02/15/16  House: Printed as engrossed 16103815D-E
• 02/16/16  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 02/16/16  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/17/16  Senate: Constitutional reading dispensed
• 02/17/16  Senate: Referred to Committee on Commerce and Labor
• 02/22/16  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/24/16  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/25/16  Senate: Read third time
• 02/25/16  Senate: Passed Senate (40-Y 0-N)
• 02/29/16  House: Enrolled
• 02/29/16  House: Bill text as passed House and Senate (HB1227ER)
• 02/29/16  House: Signed by Speaker
• 03/03/16  Senate: Signed by President
• 03/04/16  House: Enrolled Bill communicated to Governor on 3/4/16
• 03/04/16  Governor: Governor's Action Deadline Midnight, March 11, 2016
• 03/07/16  Governor: Approved by Governor-Chapter 260 (effective 7/1/16)
• 03/07/16  Governor: Acts of Assembly Chapter text (CHAP0260)