SB 227 VA Became Law
Arbitration; high-volume service providers, selection of arbitrator, civil remedies.
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Summary
Arbitration; high-volume arbitration service providers; selection of arbitrator; civil remedies. Requires a high-volume arbitration service provider, defined in the bill as a person or entity that administers, facilitates, or provides arbitration services in the Commonwealth and that conducts more than 100 arbitrations per year that arise from a pre-dispute arbitration agreement involving a Virginia-connected transaction, to establish and maintain certain procedures related to the selection of an arbitrator. Under the bill, a party aggrieved by a high-volume arbitration service provider that has failed to comply with such requirements may seek injunctive relief or other appropriate civil remedy or make an application with a circuit court to vacate an arbitration award in accordance with current law. The bill also requires all high-volume arbitration service providers to report information related to certain arbitrations annually with the State Corporation Commission and permits the Commission to impose a $10,000 civil penalty per violation on high-volume arbitration service providers who fail to comply with the provisions of the bill. Finally, the bill provides that these provisions shall apply to arbitration agreements entered into on or after July 1, 2026.
Sponsor (1)
- Scott A. Surovell Democratic · primary
Action history (38)
- Jan 10, 2026 Prefiled and ordered printed; Offered 01-14-2026 26100636D · upper
- Jan 10, 2026 Referred to Committee for Courts of Justice · upper
- Jan 21, 2026 Courts of Justice Substitute · upper
- Jan 21, 2026 Reported from Courts of Justice with substitute (14-Y 1-N) · upper
- Jan 23, 2026 Committee substitute printed 26105387D-S1 · upper
- Jan 23, 2026 Rules suspended · upper
- Jan 23, 2026 Constitutional reading dispensed (on 1st reading) (39-Y 0-N 0-A) · upper
- Jan 23, 2026 Passed by for the day (Voice Vote) · upper
- Jan 23, 2026 Passed by for the day · upper
- Jan 26, 2026 Courts of Justice Substitute agreed to · upper
- Jan 26, 2026 Engrossed by Senate (Voice Vote) · upper
- Jan 26, 2026 Read second time · upper
- Jan 26, 2026 Engrossed by Senate - committee substitute · upper
- Jan 27, 2026 Read third time and passed Senate (38-Y 0-N 0-A) · upper
- Jan 28, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB227) · upper
- Feb 3, 2026 Placed on Calendar · lower
- Feb 3, 2026 Read first time · lower
- Feb 3, 2026 Referred to Committee for Courts of Justice · lower
- Feb 17, 2026 Assigned HCJ sub: Civil · lower
- Feb 18, 2026 Subcommittee recommends reporting (10-Y 0-N) · lower
- Mar 2, 2026 Reported from Courts of Justice with amendment(s) (22-Y 0-N) · lower
- Mar 3, 2026 Read second time · lower
- Mar 4, 2026 Read third time · lower
- Mar 4, 2026 committee amendments agreed to · lower
- Mar 4, 2026 Engrossed by House as amended · lower
- Mar 4, 2026 Passed House with amendments (97-Y 0-N 0-A) · lower
- Mar 4, 2026 Reconsideration of passage agreed to by House · lower
- Mar 4, 2026 Passed House with amendments (99-Y 0-N 0-A) · lower
- Mar 6, 2026 House amendments agreed to by Senate (40-Y 0-N 0-A) · upper
- Mar 12, 2026 Enrolled · upper
- Mar 12, 2026 Bill text as passed Senate and House (SB227ER) · upper
- Mar 12, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB227) · upper
- Mar 12, 2026 Signed by Speaker · lower
- Mar 12, 2026 Signed by President · upper
- Mar 14, 2026 Enrolled Bill communicated to Governor on March 14, 2026 · upper
- Mar 14, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
- Apr 8, 2026 Approved by Governor-Chapter 490 (effective 7/1/2026) · executive
- Apr 8, 2026 Acts of Assembly Chapter text (CHAP0490) · executive
Text versions (12)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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