Virginia · 2026 Regular Session · Bill
SB 507: Virginia retirement systems; investments in companies with elected official interests.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 507 is a bill introduced in the Virginia Senate on January 13, 2026. According to its official title, it concerns: Virginia retirement systems; investments in companies with elected official interests. Primary sponsor: Jeremy McPike (Democratic). Most recent recorded action (January 28, 2026): Passed by indefinitely in Finance and Appropriations (13-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.
Virginia retirement system; investments in companies with elected official interests. Prohibits investments by the Virginia Retirement System and local retirement systems in (i) companies with a majority ownership interest held by those holding elected federal positions or (ii) in investment funds with holdings of such companies in their portfolios on and after January 1, 2027, unless such investments or holdings are held in a blind trust established pursuant to federal law.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jeremy McPike | Primary sponsor | Democratic | Senate | 29 |
“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 Finance and Appropriations (13-Y 0-N)
- Fiscal Impact Statement from Virginia Retirement System (SB507)
- Referred to Committee on Finance and Appropriations
- Prefiled and ordered printed; Offered 01-14-2026 26104876D