SB565Introduced in the Senate
Virginia Contractor Transaction Recovery Fund; claim limits, license threshold amounts.
Introduced by Glen Sturtevant, District 12
What does this bill do?
Plain-English breakdown
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Official description
Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts. Expands the scope of Chapters 127 and 133 of the Acts of Assembly of 2025, which increased certain claim limits and license threshold amounts, to apply to any claimant who filed a verified claim with the Director of the Department of Professional and Occupational Regulation on or after June 6, 2024, for recovery from the Virginia Contractor Transaction Recovery Fund and whose claim was thereafter approved by the Board for Contractors.
Where it stands
Acts of Assembly Chapter text (CHAP0508)
April 8, 2026
How did lawmakers vote?
House of Delegates votes
3 recorded votes · each counted separately
Senate votes
4 recorded votes · each counted separately
SenateStage: House amendment agreed to by Senate (40-Y 0-N 0-A) · March 10, 2026
40
Yes
0
No
0
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
| Senator | District | Vote |
|---|---|---|
| Elizabeth Bennett-Parker | 5 | Yes |
| Michael Jones | 77 | Yes |
| Timmy French | 1 | Yes |
| Mark Obenshain | 2 | Yes |
| Chris Head | 3 | Yes |
| David Suetterlein | 4 | Yes |
| Travis Hackworth | 5 | Yes |
| Todd Pillion | 6 | Yes |
| William Stanley | 7 | Yes |
| Mark Peake | 8 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26103831D
Referred to Committee on General Laws and Technology
Fiscal Impact Statement from Department of Planning and Budget (SB565)
Reported from General Laws and Technology (14-Y 1-N)
Rules suspended
Constitutional reading dispensed Block Vote (on 1st reading) (36-Y 0-N 0-A)
Passed by for the day Block Vote (Voice Vote)
Read second time
Engrossed by Senate (Voice Vote)
Read third time and passed Senate (40-Y 0-N 0-A)
Placed on Calendar
Read first time
Referred to Committee on General Laws
Assigned HGL sub: Professions/Occupations and Administrative Process
House subcommittee offered
Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
Reported from General Laws with amendment(s) (21-Y 0-N)
Read second time
Read third time
committee amendment agreed to
Engrossed by House as amended
Passed House with amendment (97-Y 0-N 0-A)
House amendment agreed to by Senate (40-Y 0-N 0-A)
Enrolled
Bill text as passed Senate and House (SB565ER)
Signed by President
Signed by Speaker
Enrolled Bill communicated to Governor on March 31, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Fiscal Impact Statement from Department of Planning and Budget (SB565)
Approved by Governor-Chapter 508 (effective 7/1/2026)
Acts of Assembly Chapter text (CHAP0508)
Verify the information
- Official page on the Virginia Legislature website
- General Laws Amendment (amendment)
- Professions/Occupations and Administrative Process Subcommittee Amendment (amendment)
- General Laws Amendment (amendment)
- House Amendment (amendment)
- Fiscal Note/Analysis (supplement)
- Fiscal Note/Analysis (supplement)
- Introduced (text)
- Enrolled (text)
- Chaptered (text)
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