Virginia · 2026 Regular Session · Bill
HB 293: Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 293 is a bill introduced in the Virginia House on January 9, 2026. According to its official title, it concerns: Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date. Primary sponsor: Dan Helmer (Democratic). Most recent recorded action (March 9, 2026): Passed by indefinitely in Commerce and Labor (15-Y 0-N).
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; 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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Dan Helmer | Primary sponsor | Democratic | House | 10 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in Commerce and Labor (15-Y 0-N)
- Fiscal Impact Statement from State Corporation Commission (HB293)
- Referred to Committee on Commerce and Labor
- Constitutional reading dispensed (on 1st reading)
- Read third time and passed House (59-Y 37-N 0-A)
- Engrossed by House - committee substitute
- committee substitute agreed to
- Read second time
- Read first time
- Committee substitute printed 26107218D-H1
- Reported from Communications, Technology and Innovation with substitute (15-Y 7-N)
- House committee offered
Showing 12 most recent of 18 actions. Full history