SB 734 VA

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Became Law

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.

• T. Travis Hackworth Republican · primary

1. Jan 16, 2026 Presented and ordered printed 26104585D · upper
2. Jan 16, 2026 Referred to Committee on Commerce and Labor · upper
3. Jan 25, 2026 Fiscal Impact Statement from State Corporation Commission (SB734) · upper
4. Jan 26, 2026 Reported from Commerce and Labor (15-Y 0-N) · upper
5. Jan 28, 2026 Rules suspended · upper
6. Jan 28, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
7. Jan 28, 2026 Passed by for the day Block Vote (Voice Vote) · upper
8. Jan 28, 2026 Passed by for the day · upper
9. Jan 29, 2026 Read second time · upper
10. Jan 29, 2026 Engrossed by Senate (Voice Vote) · upper
11. Jan 30, 2026 Read third time and passed Senate (38-Y 0-N 0-A) · upper
12. Feb 4, 2026 Placed on Calendar · lower
13. Feb 4, 2026 Read first time · lower
14. Feb 4, 2026 Referred to Committee on Labor and Commerce · lower
15. Feb 25, 2026 Assigned HCL sub: Subcommittee #1 · lower
16. Mar 3, 2026 Subcommittee recommends reporting (9-Y 0-N) · lower
17. Mar 5, 2026 Reported from Labor and Commerce (21-Y 0-N) · lower
18. Mar 9, 2026 Read second time · lower
19. Mar 10, 2026 Read third time · lower
20. Mar 10, 2026 Passed House (99-Y 0-N 0-A) · lower
21. Mar 30, 2026 Enrolled · upper
22. Mar 30, 2026 Bill text as passed Senate and House (SB734ER) · upper
23. Mar 30, 2026 Signed by President · upper
24. Mar 31, 2026 Signed by Speaker · lower
25. Mar 31, 2026 Enrolled Bill communicated to Governor on March 31, 2026 · upper
26. Mar 31, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
27. Apr 6, 2026 Fiscal Impact Statement from State Corporation Commission (SB734) · upper
28. Apr 13, 2026 Approved by Governor-Chapter 903 (effective 7/1/2026) · executive

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.

• Enrolled · PDF
• Enrolled · HTML
• Introduced · PDF
• Introduced · HTML