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Virginia · 2026 Regular Session · Bill

SB 734: Financial institutions; officers and directors.

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 734 is a bill introduced in the Virginia Senate on January 16, 2026. According to its official title, it concerns: Financial institutions; officers and directors. Primary sponsor: Travis Hackworth (Republican). Most recent recorded action (April 13, 2026): Approved by Governor-Chapter 903 (effective 7/1/2026).

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.

Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Travis HackworthPrimary sponsorRepublicanSenate5

“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. Approved by Governor-Chapter 903 (effective 7/1/2026)
  2. Fiscal Impact Statement from State Corporation Commission (SB734)
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026
  4. Enrolled Bill communicated to Governor on March 31, 2026
  5. Signed by Speaker
  6. Signed by President
  7. Bill text as passed Senate and House (SB734ER)
  8. Enrolled
  9. Passed House (99-Y 0-N 0-A)
  10. Read third time
  11. Read second time
  12. Reported from Labor and Commerce (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