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Virginia · 2025 Regular Session · Bill

HB 1796: Corporations; creates a regulatory framework for decentralized autonomous organizations.

Passed both chambers Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 1796 is a bill introduced in the Virginia House on January 6, 2025. According to its official title, it concerns: Corporations; creates a regulatory framework for decentralized autonomous organizations. Primary sponsor: Dan Helmer (Democratic). It lists 5 additional sponsors. Most recent recorded action (May 2, 2025): Vetoed by Governor.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Corporations; decentralized autonomous organizations. Creates a regulatory framework for decentralized autonomous organizations, defined in the bill as a distinct legal entity that operates through blockchain-based governance frameworks, incorporating self-executing smart contracts and decentralized decision-making mechanisms. The bill provides that an entity seeking to become a decentralized autonomous organization must file its articles of organization with the State Corporation Commission in order to seek a certificate of organization and requires such articles of organization to designate an operator of record. The bill permits a limited liability company to elect to become a decentralized autonomous organization with management vested in its members or smart contracts and contains requirements for its articles of organization and operating agreements. The bill also contains provisions governing the relationships and rights of members of a decentralized autonomous organization and for the dissolution of a decentralized autonomous organization. The provisions of the bill do not become effective unless reenacted by the 2026 Session of the General Assembly.

Sponsors

Sponsors by party (alphabetical): Democratic 5 · Republican 1

NameRolePartyChamberDistrict
Dan HelmerPrimary sponsorDemocraticHouse10
Cliff HayesCo-sponsorDemocraticHouse91
J.R. HensonCo-sponsorDemocraticHouse19
Terry KilgoreCo-sponsorRepublicanHouse45
Saddam SalimCo-sponsorDemocraticSenate37
Rod WillettCo-sponsorDemocraticHouse58

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Vetoed by Governor
  2. Governor's Action Deadline 11:59 p.m., May 2, 2025
  3. Communicated to Governor
  4. House rejected Governor's recommendation (28-Y 68-N)
  5. Governor's substitute printed (HB1796H2)
  6. Governor's recommendation received by House
  7. Governor's Action Deadline 11:59 p.m., March 24, 2025
  8. Enrolled Bill communicated to Governor on March 11, 2025
  9. Signed by President
  10. Enrolled
  11. Signed by Speaker
  12. Enrolled

Showing 12 most recent of 40 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source