VA HB293 | 2026 | Regular Regular Session
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Engrossed on February 12 2026 - 50% progression, died in chamber
Action: 2026-03-09 - Passed by indefinitely in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on February 12 2026 - 50% progression, died in chamber
Action: 2026-03-09 - Passed by indefinitely in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Summary
Corporations; limited liability decentralized autonomous organizations (LLDs). Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of organization with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of organization. The bill includes requirements for amending an LLD's articles of organization and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The provisions of the bill have a delayed effective date of January 1, 2028.
Title
Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
Sponsors
| Del. Dan Helmer [D] |
Roll Calls
2026-03-09 - Senate - Passed by indefinitely in Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2026-02-13 - House - Read third time and passed House (59-Y 37-N 0-A) (Y: 59 N: 37 NV: 0 Abs: 4) [PASS]
2026-02-09 - House - Reported from Communications, Technology and Innovation with substitute (15-Y 7-N) (Y: 15 N: 7 NV: 0 Abs: 0) [PASS]
2026-02-04 - House - Subcommittee recommends reporting with substitute (7-Y 3-N) (Y: 7 N: 3 NV: 0 Abs: 0) [PASS]
2026-02-13 - House - Read third time and passed House (59-Y 37-N 0-A) (Y: 59 N: 37 NV: 0 Abs: 4) [PASS]
2026-02-09 - House - Reported from Communications, Technology and Innovation with substitute (15-Y 7-N) (Y: 15 N: 7 NV: 0 Abs: 0) [PASS]
2026-02-04 - House - Subcommittee recommends reporting with substitute (7-Y 3-N) (Y: 7 N: 3 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-09 | Senate | Passed by indefinitely in Commerce and Labor (15-Y 0-N) |
| 2026-02-17 | House | Fiscal Impact Statement from State Corporation Commission (HB293) |
| 2026-02-16 | Senate | Referred to Committee on Commerce and Labor |
| 2026-02-16 | Senate | Constitutional reading dispensed (on 1st reading) |
| 2026-02-13 | House | Read third time and passed House (59-Y 37-N 0-A) |
| 2026-02-12 | House | Engrossed by House - committee substitute |
| 2026-02-12 | House | committee substitute agreed to |
| 2026-02-12 | House | Read second time |
| 2026-02-11 | House | Read first time |
| 2026-02-09 | House | Committee substitute printed 26107218D-H1 |
| 2026-02-09 | House | Reported from Communications, Technology and Innovation with substitute (15-Y 7-N) |
| 2026-02-09 | House | House committee offered |
| 2026-02-04 | House | Subcommittee recommends reporting with substitute (7-Y 3-N) |
| 2026-02-04 | House | House subcommittee offered |
| 2026-01-28 | House | Fiscal Impact Statement from State Corporation Commission (HB293) |
| 2026-01-26 | House | Assigned HST sub: Technology and Innovation |
| 2026-01-09 | House | Referred to Committee on Communications, Technology and Innovation |
| 2026-01-09 | House | Prefiled and ordered printed; Offered 01-14-2026 26104634D |
