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ACROSS SESSIONS
- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2020 SESSION
HB 775 Virginia College Savings Plan; analyzing current programs to encourage citizens to save.
Introduced by: Hala S. Ayala | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia College Savings Plan; stakeholder group to analyze private retirement plans; report. Directs the Virginia College Savings Plan to convene a stakeholder group, analyze private retirement options and develop recommendations, and report to the General Assembly by December 15, 2020. The scope of the study would include (i) an examination of potential retirement savings options for self-employed individuals, part-time employees, and full-time employees whose employers do not offer a retirement savings plan; (ii) the level of interest by Virginia employers in participating in a voluntary state-sponsored private retirement option; (iii) the likely costs to start up such a plan and an estimate of time to reach self-sufficiency and potential funding options; (iv) the experience of other states that have implemented or are implementing a state-sponsored private retirement solution for employers and employees; and (v) the appropriate state agency and structure to implement the solution.
FULL TEXT
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20104487D pdf | impact statement
- 01/29/20 House: Committee substitute printed 20106638D-H1 pdf | impact statement
- 02/05/20 House: Printed as engrossed 20106638D-EH1 pdf | impact statement
- 02/19/20 Senate: Committee substitute printed 20108194D-S1 pdf
- 03/02/20 House: Bill text as passed House and Senate (HB775ER) pdf | impact statement
- 03/27/20 Governor: Acts of Assembly Chapter text (CHAP0506) pdf
AMENDMENTS
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
- House amendments adopted
HISTORY
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20104487D
- 01/07/20 House: Referred to Committee on General Laws
- 01/16/20 House: Referred from General Laws by voice vote
- 01/16/20 House: Referred to Committee on Appropriations
- 01/17/20 House: Assigned App. sub: Compensation & General Government
- 01/28/20 House: Subcommittee recommends reporting with substitute (4-Y 1-N)
- 01/29/20 House: Committee substitute printed 20106638D-H1
- 01/29/20 House: Reported from Appropriations with substitute (17-Y 0-N)
- 01/31/20 House: Read first time
- 02/03/20 House: Passed by for the day
- 02/04/20 House: Read second time
- 02/04/20 House: Passed by for the day
- 02/05/20 House: Read second time
- 02/05/20 House: Committee substitute agreed to 20106638D-H1
- 02/05/20 House: Amendments by Delegate Ayala agreed to
- 02/05/20 House: Engrossed by House - committee substitute with amendments HB775EH1
- 02/05/20 House: Printed as engrossed 20106638D-EH1
- 02/06/20 House: Read third time and passed House (93-Y 5-N)
- 02/06/20 House: VOTE: Passage (93-Y 5-N)
- 02/07/20 Senate: Constitutional reading dispensed
- 02/07/20 Senate: Referred to Committee on Finance and Appropriations
- 02/19/20 Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/19/20 Senate: Committee substitute printed 20108194D-S1
- 02/20/20 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/21/20 Senate: Read third time
- 02/21/20 Senate: Reading of substitute waived
- 02/21/20 Senate: Committee substitute agreed to 20108194D-S1
- 02/21/20 Senate: Engrossed by Senate - committee substitute HB775S1
- 02/21/20 Senate: Passed Senate with substitute (38-Y 0-N)
- 02/25/20 House: Placed on Calendar
- 02/25/20 House: Senate substitute agreed to by House 20108194D-S1 (91-Y 7-N)
- 02/25/20 House: VOTE: Adoption (91-Y 7-N)
- 03/02/20 House: Enrolled
- 03/02/20 House: Bill text as passed House and Senate (HB775ER)
- 03/02/20 House: Signed by Speaker
- 03/03/20 Senate: Signed by President
- 03/12/20 House: Enrolled Bill communicated to Governor on March 12, 2020
- 03/12/20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 03/27/20 Governor: Approved by Governor-Chapter 506 (effective 7/1/20)
- 03/27/20 Governor: Acts of Assembly Chapter text (CHAP0506)