Virginia House Bill 2174 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on April 15 2021 - 100% progression
Action: 2021-04-15 - Governor: Acts of Assembly Chapter text (CHAP0556)
Text: Latest bill text (Chaptered) [HTML]

State-facilitated IRA savings program; establishment. Directs the governing board of the Virginia College Savings Plan (the Board) to establish a state-facilitated individual retirement account (IRA) savings program (the Program). The Board shall administer the Program and develop requirements, procedures, and guidelines for the Program, including default contribution rates, procedures for enrollment and withdrawal, and procedures for noncompliance. Moneys in the Program shall be invested in a manner deemed appropriate by the Board. State-facilitated IRA savings program; establishment. Directs the governing board of the Virginia College Savings Plan (the Board) to establish a state-facilitated individual retirement account (IRA) savings program (the Program). The Board shall administer the Program and develop requirements, procedures, and guidelines for the Program, including default contribution rates, procedures for enrollment and withdrawal, and procedures for noncompliance. Moneys in the Program shall be invested in a manner deemed appropriate by the Board. Eligible employers shall enroll their eligible employees in the Program. Eligible employers are defined in the bill as any nongovernmental employer that employs 25 or more eligible employees and does not offer a qualified retirement plan to their employees. Eligible employees are limited to individuals who are employed at least 30 hours per week. Each eligible employee shall be enrolled in the Program unless the employee elects not to participate in the Program. Any employer that is not an eligible employer may facilitate the participation of its eligible employees in the program. Self-employed individuals and eligible employees whose employers do not enroll in the program may participate in the program in accordance with terms and conditions prescribed by the Board. The bill contains provisions limiting the liability of the Board, the Plan, and the Commonwealth or any of its political subdivisions for obligations associated with the Program. The Commonwealth shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Participating employers shall not (i) have any liability for an employee's decision to participate in or opt out of the Plan, (ii) be a fiduciary over the Program, or (iii) have any liability or responsibility related to the operation of the Program. The bill also adds a requirement that at least one member of the Board have expertise in the management and administration of private defined contribution retirement plans. The Program shall be established, and enrollment shall begin, on July 1, 2023, or as soon thereafter as practicable. Finally, the bill directs the Board to establish a group of stakeholders to identify and make recommendations as to other amendments necessary and prudent to effectuate the provisions of the bill.

State-Facilitated IRA Savings Program; established, membership, report.

Del. Luke Torian [D]

Del. Dan Helmer [D]

Del. Hala Ayala [D]

2021-04-07 - Senate - Senate: Senate rejected Governor's recommendation (11-Y 29-N) (Y: 11 N: 29 NV: 0 Abs: 0) [FAIL]
2021-04-07 - House - House: VOTE: Adoption (55-Y 45-N) (Y: 55 N: 45 NV: 0 Abs: 0) [PASS]
2021-02-27 - House - House: VOTE: Agreed To (52-Y 41-N) (Y: 52 N: 41 NV: 0 Abs: 7) [PASS]
2021-02-27 - Senate - Senate: Conference report agreed to by Senate (21-Y 15-N) (Y: 21 N: 15 NV: 0 Abs: 3) [PASS]
2021-02-27 - Senate - Senate: Senate requested second conference committee (23-Y 16-N) (Y: 23 N: 16 NV: 0 Abs: 0) [PASS]
2021-02-27 - Senate - Senate: Conference report rejected by Senate (15-Y 24-N) (Y: 15 N: 24 NV: 0 Abs: 0) [FAIL]
2021-02-24 - Senate - Senate: Senate insisted on substitute with amendments (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-23 - House - House: VOTE: Adoption (2-Y 95-N) (Y: 2 N: 95 NV: 0 Abs: 3) [FAIL]
2021-02-19 - Senate - Senate: Passed Senate with substitute with amendments (23-Y 14-N) (Y: 23 N: 14 NV: 0 Abs: 2) [PASS]
2021-02-19 - Senate - Senate: Amendments by Senator Sutterlein rejected (19-Y 20-N) (Y: 19 N: 20 NV: 0 Abs: 0) [FAIL]
2021-02-16 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2021-02-16 - Senate - Senate: Reported from Finance and Appropriations with substitute (11-Y 1-N 4-A) (Y: 11 N: 1 NV: 4 Abs: 0) [PASS]
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-26 - House - House: VOTE: Passage (56-Y 44-N) (Y: 56 N: 44 NV: 0 Abs: 0) [PASS]
2021-01-20 - House - House: Reported from Appropriations with substitute (13-Y 6-N) (Y: 13 N: 6 NV: 0 Abs: 3) [PASS]
2021-01-19 - House - House: Subcommittee recommends reporting with amendments (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-04-15		Governor: Acts of Assembly Chapter text (CHAP0556)
2021-04-15		Governor: Approved by Governor-Chapter 556 (effective 7/1/21)
2021-04-07		Governor: Governor's Action Deadline 11:59 p.m., May 7, 2021
2021-04-07	Senate	Communicated to Governor
2021-04-07	Senate	Senate rejected Governor's recommendation (11-Y 29-N)
2021-04-07	House	VOTE: Adoption (55-Y 45-N)
2021-04-07	House	House concurred in Governor's recommendation (55-Y 45-N)
2021-04-07	House	Placed on Calendar
2021-03-31	House	Governor's recommendation received by House
2021-03-25	House	Governor's recommendation received by House
2021-03-15		Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
2021-03-15	House	Enrolled Bill communicated to Governor on March 15, 2021
2021-03-11	House	Signed by Speaker
2021-03-09	Senate	Signed by President
2021-03-09	House	Bill text as passed House and Senate (HB2174ER)
2021-03-09	House	Enrolled
2021-02-27	House	VOTE: Agreed To (52-Y 41-N)
2021-02-27	House	Conference report agreed to by House (52-Y 41-N)
2021-02-27	Senate	Conference report agreed to by Senate (21-Y 15-N)
2021-02-27	Senate	Senators: Barker, McClellan, Vogel
2021-02-27	Senate	Second conferees appointed by Senate
2021-02-27	House	Delegates: Torian, Tyler, Coyner
2021-02-27	House	Second conferees appointed by House
2021-02-27	House	House acceded to request for second conference committee
2021-02-27	Senate	Senate requested second conference committee (23-Y 16-N)
2021-02-27	Senate	Conference report rejected by Senate (15-Y 24-N)
2021-02-27	Senate	Passed by temporarily
2021-02-27	House	Conference substitute printed 21200753D-H2
2021-02-27		Conference: Amended by conference committee
2021-02-25	Senate	Senators: Barker, McClellan, Vogel
2021-02-25	Senate	Conferees appointed by Senate
2021-02-25	House	Delegates: Torian, Tyler, Coyner
2021-02-25	House	Conferees appointed by House
2021-02-25	House	House acceded to request
2021-02-24	Senate	Senate requested conference committee
2021-02-24	Senate	Senate insisted on substitute with amendments (39-Y 0-N)
2021-02-23	House	VOTE: REJECTED (2-Y 95-N)
2021-02-23	House	Senate substitute with amendments rejected by House 21104455D-S1 (2-Y 95-N)
2021-02-23	House	Placed on Calendar
2021-02-19	Senate	Passed Senate with substitute with amendments (23-Y 14-N)
2021-02-19	Senate	Engrossed by Senate - committee substitute with amendments HB2174S1
2021-02-19	Senate	Amendments by Senator Petersen agreed to
2021-02-19	Senate	Passed by temporarily
2021-02-19	Senate	Reading of amendments waived
2021-02-19	Senate	Passed by temporarily
2021-02-19	Senate	Amendments by Senator Sutterlein rejected (19-Y 20-N)
2021-02-19	Senate	Reading of amendments waived
2021-02-19	Senate	Committee substitute agreed to 21104455D-S1
2021-02-19	Senate	Reading of substitute waived
2021-02-19	Senate	Substitute by Senator Suetterlein withdrawn
2021-02-19	Senate	Read third time
2021-02-18	Senate	Passed by for the day
2021-02-18	Senate	Passed by temporarily
2021-02-18	Senate	Read third time
2021-02-18	Senate	Floor substitute printed 21200437D-S2 (Suetterlein)
2021-02-17	Senate	Passed by for the day
2021-02-17	Senate	Read third time
2021-02-16	Senate	Constitutional reading dispensed (37-Y 0-N)
2021-02-16	Senate	Committee substitute printed 21104455D-S1
2021-02-16	Senate	Reported from Finance and Appropriations with substitute (11-Y 1-N 4-A)
2021-02-05	Senate	Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
2021-01-27	Senate	Referred to Committee on Finance and Appropriations
2021-01-27	Senate	Constitutional reading dispensed
2021-01-26	House	VOTE: Passage (56-Y 44-N)
2021-01-26	House	Read third time and passed House (56-Y 44-N)
2021-01-25	House	Engrossed by House - committee substitute HB2174H1
2021-01-25	House	Committee substitute agreed to 21103389D-H1
2021-01-25	House	Read second time
2021-01-22	House	Passed by for the day
2021-01-21	House	Read first time
2021-01-20	House	Reported from Appropriations with substitute (13-Y 6-N)
2021-01-20	House	Committee substitute printed 21103389D-H1
2021-01-19	House	Subcommittee recommends reporting with amendments (5-Y 3-N)
2021-01-15	House	Assigned App. sub: Compensation & General Government
2021-01-12	House	Referred to Committee on Appropriations
2021-01-12	House	Prefiled and ordered printed; offered 01/13/21 21102814D

HB2174 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)

Chapter	Article	Section	Citation Type	Statute Text
2	2	2744	(n/a)	See Bill Text
2	2	2756	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB2174
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174S2+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174H2+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB2174ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0556+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/.htm
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/21104455D.pdf
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/21200437D.pdf
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB2174AS
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB2174ASE
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB2174ASR
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB2174AC
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB2174AG
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB2174FH1122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB2174FS1122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB2174FH2122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?212+oth+HB2174FER122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H0202C0001+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H02C0018+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HC1133+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05C0183+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S05V0021+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0072HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0208HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0238HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV1887+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0404HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0573HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0574HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0581HB2174+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV2046+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HV2084+HB2174
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0634HB2174+HB2174