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Virginia · 2026 Regular Session · Bill

SB 165: Contracts; retainage bonds permitted in construction contracts, effective clause.

Enacted 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

SB 165 is a bill introduced in the Virginia Senate on January 7, 2026. According to its official title, it concerns: Contracts; retainage bonds permitted in construction contracts, effective clause. Primary sponsor: Jeremy McPike (Democratic). Most recent recorded action (April 8, 2026): Acts of Assembly Chapter text (CHAP0485).

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.

Contracts; retainage bonds permitted in construction contracts. Allows, in any construction contract between an owner and a general contractor or between a general contractor and a subcontractor, such contractor or subcontractor to tender a retainage bond, defined in the bill, as a substitute for retainage withheld as security in such contracts. The provisions of the bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Jeremy McPikePrimary sponsorDemocraticSenate29

“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. Acts of Assembly Chapter text (CHAP0485)
  2. Approved by Governor-Chapter485 (Effective -see bill)
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026
  4. Enrolled Bill communicated to Governor on March 10, 2026
  5. Signed by President
  6. Signed by Speaker
  7. Bill text as passed Senate and House (SB165ER)
  8. Enrolled
  9. Passed House (97-Y 0-N 0-A)
  10. Read third time
  11. Read second time
  12. Reported from General Laws (21-Y 0-N)

Showing 12 most recent of 28 actions. Full history

Sources

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