HB798Introduced in the House of Delegates
Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)
Introduced by Sarah Wolek, District 16
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Authorizing the Department of Commerce to authorize an eligible fund manager to receive, use, and retain a certain management fee; and authorizing the Department to set an annual cap on the cumulative amount of certain management fees an eligible fund manager may receive.
Where it stands
Approved by the Governor - Chapter 391
May 12, 2026
How did lawmakers vote?
House of Delegates votes
2 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
House of DelegatesStage: Third Reading Passed · April 10, 2026
126
Yes
6
No
9
Absent or Not Voting
141 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Jason Buckel | 1 | Yes |
| Terry Baker | 1 | Yes |
| Jim Hinebaugh | 1 | Yes |
| William Wivell | 2 | Yes |
| William Valentine | 2 | Yes |
| Matthew Schindler | 2 | Yes |
| Ken Kerr | 3 | Yes |
| Kris Fair | 3 | Yes |
| Karen Simpson | 3 | Yes |
| Barrie Ciliberti | 4 | Absent |
Bill history
First Reading Economic Matters
Hearing 2/24 at 1:00 p.m.
Favorable Report by Economic Matters
Favorable Adopted Second Reading Passed
Third Reading Passed (124-9)
Referred Finance
Favorable with Amendments Report by Finance
Favorable with Amendments {173727/1 Adopted
Second Reading Passed with Amendments
Third Reading Passed (42-0)
House Concurs Senate Amendments
Third Reading Passed (126-6)
Passed Enrolled
Approved by the Governor - Chapter 391
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.