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SB225Introduced in the Senate

Virginia Clean Energy Innovation Bank; created, report, membership.

Passed

Introduced by Scott Surovell, District 34

What does this bill do?

Plain-English breakdown

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Official description

Virginia Clean Energy Innovation Bank; established; report. Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. An advisory board consisting of nonlegislative citizen members and ex officio members shall oversee the Bank and provide recommendations related to the Bank and its effectiveness. The bill contains provisions for (i) the powers and duties of the Bank, (ii) lending practices, (iii) a strategic plan, (iv) an investment strategy, (v) public outreach requirements, (vi) audits, and (vii) reporting requirements. This bill is identical to HB 1444.

Where it stands

Acts of Assembly Chapter text (CHAP1126)

May 14, 2026

How did lawmakers vote?

House of Delegates votes

6 recorded votes · each counted separately

Senate votes

9 recorded votes · each counted separately

SenateStage: Senate concurred in Governor's recommendation Nos. 4, 5, 6, 7, and 8 (39-Y 0-N 0-A) · April 22, 2026

39

Yes

0

No

1

Absent or Not Voting

40 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Elizabeth Bennett-Parker5Yes
Michael Jones77Yes
Timmy French1Yes
Mark Obenshain2Yes
Chris Head3Absent
David Suetterlein4Yes
Travis Hackworth5Yes
Todd Pillion6Yes
William Stanley7Yes
Mark Peake8Yes

Bill history

  1. Prefiled and ordered printed; Offered 01-14-2026 26100610D

  2. Referred to Committee on General Laws and Technology

  3. Rereferred from General Laws and Technology to Finance and Appropriations (14-Y 0-N)

  4. Fiscal Impact Statement from Department of Planning and Budget (SB225)

  5. Reported from Finance and Appropriations with substitute (15-Y 0-N)

  6. Committee substitute printed 26107397D-S1

  7. Rules suspended

  8. Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)

  9. Passed by for the day (Voice Vote)

  10. Passed by for the day

  11. Read second time

  12. Floor offered Finance and Appropriations Substitute

  13. Finance and Appropriations Substitute agreed to

  14. Reading of amendment waived (Voice Vote)

  15. Senator Surovell Amendment agreed to

  16. Engrossed by Senate - committee substitute as amended

  17. Rules suspended

  18. Constitutional reading dispensed Block Vote (on 3rd reading) (40-Y 0-N 0-A)

  19. Read third time and passed Senate Block Vote (40-Y 0-N 0-A)

  20. Placed on Calendar

  21. Read first time

  22. Referred to Committee on Health and Human Services

  23. Fiscal Impact Statement from Department of Planning and Budget (SB225)

  24. Referred from Health and Human Services and referred to Labor and Commerce (Voice Vote)

  25. Reported from Labor and Commerce with substitute and referred to Appropriations (15-Y 7-N)

  26. Committee substitute printed 26109084D-H1

  27. Reported from Appropriations (15-Y 7-N)

  28. Read second time

  29. Read third time

  30. committee substitute rejected

  31. Passed House (61-Y 34-N 0-A)

  32. Reconsideration of passage agreed to by House

  33. Committee substitute reconsidered

  34. committee substitute agreed to

  35. Engrossed by House - committee substitute

  36. Passed House with substitute (63-Y 34-N 0-A)

  37. House substitute rejected by Senate

  38. House insisted on substitute

  39. House requested conference committee

  40. Fiscal Impact Statement from Department of Planning and Budget (SB225)

  41. Senate acceded to request Block Vote (40-Y 0-N 0-A)

  42. Conferees appointed by Senate

  43. Senate Conferees: Surovell, Roem, French

  44. Conferees appointed by House

  45. House Conferees: Lopez, Herring, Bloxom

  46. Conference Report released

  47. Conference report agreed to by Senate (39-Y 0-N 0-A)

  48. Conference report agreed to by House (63-Y 34-N 0-A)

  49. Enrolled

  50. Bill text as passed Senate and House (SB225ER)

  51. Signed by President

  52. Signed by Speaker

  53. Enrolled Bill communicated to Governor on March 31, 2026

  54. Governor's Action Deadline 11:59 p.m., April 13, 2026

  55. Fiscal Impact Statement from Department of Planning and Budget (SB225)

  56. Governor's recommendation received by Senate

  57. Senate concurred in Governor's recommendation Nos. 4, 5, 6, 7, and 8 (39-Y 0-N 0-A)

  58. Governor's recommendation Nos. 1, 2, and 3 passed by (Voice Vote)

  59. Governor's amendments nos. 4-8 agreed to (64-Y 33-N 0-A)

  60. Governor's recommendation adopted

  61. Reenrolled

  62. Reenrolled bill text (SB225ER2)

  63. Signed by Speaker

  64. Signed by President

  65. Communicated to Governor

  66. Governor's Action Deadline 11:59 p.m., May 23, 2026

  67. Approved by Governor-Chapter 1126 (effective 7/1/2026)

  68. Acts of Assembly Chapter text (CHAP1126)

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