Investment of public funds; qualified public entity allowed to invest in asset-backed securities.
Summary
Investment of public funds. Allows any qualified public entity of the Commonwealth to invest in asset-backed securities that are guaranteed by the United States or any agency thereof. This bill is identical to SB 510.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2024
Committee Review
Feb 2024
House of Delegates Passage
Feb 2024
Senate Passage
Mar 2024
Signed into Law
Mar 2024
Introduced Jan 5, 2024
Signed Mar 14, 2024
Floor votes · Senate Feb 22, 2024 · House of Delegates Feb 8, 2024
How they voted
40–0
Passed
Total votes 40
Feb 22, 2024
D
Democratic21
100% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
33
Key actions
11
Committee
8
Mar 14, 2024
Signed into law
Approved by Governor-Chapter 65 (effective 7/1/24)
executive
Mar 2, 2024
Upper · Passed
Signed by President
upper
Feb 28, 2024
Lower · Passed
Signed by Speaker
lower
Feb 28, 2024
Lower · Passed
Bill text as passed House and Senate (HB356ER)
lower
Feb 23, 2024
Upper · Passed
Passed Senate (39-Y 0-N)
upper
Feb 22, 2024
Senate · Passed
Senate Vote: pass (40-0)
senate
Feb 21, 2024
Upper · Passed
Reported from Finance and Appropriations (14-Y 0-N)
upper
Feb 9, 2024
Committee
Referred to Committee on Finance and Appropriations
upper
Feb 8, 2024
Lower · Passed
VOTE: Block Vote Passage (98-Y 0-N)
lower
Feb 8, 2024
Lower · Passed
Read third time and passed House BLOCK VOTE (98-Y 0-N)
lower
Feb 2, 2024
Lower · Passed
House subcommittee amendments and substitutes offered
lower
Feb 2, 2024
Lower · Passed
Reported from Appropriations with substitute (22-Y 0-N)
lower
Jan 31, 2024
Committee
Assigned App. sub: Commerce Agriculture & Natural Resources
lower
Jan 30, 2024
Committee
Referred to Committee on Appropriations
lower
Jan 30, 2024
Committee
Referred from General Laws
lower
Jan 5, 2024
Committee
Referred to Committee on General Laws
lower
1 primary · 4 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Buddy Fowler
RRepublican
Co
Chad Green
RRepublican
Co
Ian Lovejoy
RRepublican
Co
Marty Martinez
DDemocratic
Co
Wendell Walker
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 356
Scope: VA
Hi! I can help you understand HB 356. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline