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)

executive

Feb 28, 2020

Lower · Passed

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

lower

Feb 25, 2020

Lower · Passed

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

lower

Feb 18, 2020

Committee

Referred to Committee on Labor and Commerce

lower

Jan 24, 2020

Upper · Passed

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

upper

Jan 23, 2020

Upper · Passed

Engrossed by Senate - committee substitute SB296S1

upper

Jan 23, 2020

Upper · Passed

Committee substitute agreed to 20106137D-S1

upper

Jan 20, 2020

Upper · Passed

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

upper

Jan 3, 2020

Committee

Referred to Committee on Commerce and Labor

upper

Jan 3, 2020

Introduced

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

upper

1 primary · 0 co-sponsors