SB225
Virginia Clean Energy Innovation Bank; established, report.
Status:
Passed
Latest Action:
March 14, 2026
House: Conference report agreed to by House (63-Y 34-N 0-A)
Chief Patron:
Scott Surovell (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. 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 ... (More) 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. (Less)-
Bill History
- 01/10/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26100610D
- 01/10/2026 - Senate: Referred to Committee on General Laws and Technology
- 01/21/2026 - Senate: Rereferred from General Laws and Technology to Finance and Appropriations (14-Y 0-N)
- 01/21/2026 - Senate: Rereferred to Finance and Appropriations
- 02/02/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB225)
- 02/05/2026 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/09/2026 - Senate: Committee substitute printed 26107397D-S1
- 02/09/2026 - Senate: Rules suspended
- 02/09/2026 - Senate: Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)
- 02/09/2026 - Senate: Passed by for the day (Voice Vote)
- 02/09/2026 - Senate: Passed by for the day
- 02/10/2026 - Senate: Read second time
- 02/10/2026 - Senate: Finance and Appropriations Substitute agreed to
- 02/10/2026 - Senate: Reading of amendment waived (Voice Vote)
- 02/10/2026 - Senate: Senator Surovell Amendment agreed to
- 02/10/2026 - Senate: Engrossed by Senate - committee substitute as amended
- 02/10/2026 - Senate: Rules suspended
- 02/10/2026 - Senate: Constitutional reading dispensed Block Vote (on 3rd reading) (40-Y 0-N 0-A)
- 02/10/2026 - Senate: Read third time and passed Senate Block Vote (40-Y 0-N 0-A)
- 02/13/2026 - House: Placed on Calendar
- 02/13/2026 - House: Read first time
- 02/13/2026 - House: Referred to Committee on Health and Human Services
- 02/17/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB225)
- 02/18/2026 - House: Placed on Health and Human Services Agenda
- 02/19/2026 - House: Referred from Health and Human Services and referred to Labor and Commerce (Voice Vote)
- 02/19/2026 - House: Referred to Committee on Labor and Commerce
- 03/02/2026 - House: Placed on Labor and Commerce Agenda
- 03/03/2026 - House: Reported from Labor and Commerce with substitute and referred to Appropriations (15-Y 7-N)
- 03/03/2026 - House: Committee substitute printed 26109084D-H1
- 03/03/2026 - House: Referred to Committee on Appropriations
- 03/04/2026 - House: Placed on Appropriations Agenda
- 03/04/2026 - House: Reported from Appropriations (15-Y 7-N)
- 03/06/2026 - House: Read second time
- 03/09/2026 - House: Read third time
- 03/09/2026 - House: committee substitute rejected
- 03/09/2026 - House: Passed House (61-Y 34-N 0-A) Close Floor Vote
- 03/09/2026 - House: Reconsideration of passage agreed to by House
- 03/09/2026 - House: Committee substitute reconsidered
- 03/09/2026 - House: committee substitute agreed to
- 03/09/2026 - House: Engrossed by House - committee substitute
- 03/09/2026 - House: Passed House with substitute (63-Y 34-N 0-A) Close Floor Vote
- 03/10/2026 - Senate: House substitute rejected by Senate
- 03/11/2026 - House: House insisted on substitute
- 03/11/2026 - House: House requested conference committee
- 03/11/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB225)
- 03/12/2026 - Senate: Senate acceded to request Block Vote (40-Y 0-N 0-A)
- 03/12/2026 - Senate: Conferees appointed by Senate
- 03/12/2026 - Senate: Senate Conferees: Surovell, Roem, French
- 03/12/2026 - House: Conferees appointed by House
- 03/12/2026 - House: House Conferees: Lopez, Herring, Bloxom
- 03/13/2026 - Conference Report released
- 03/13/2026 - Senate: Conference report agreed to by Senate (39-Y 0-N 0-A)
- 03/14/2026 - House: Conference report agreed to by House (63-Y 34-N 0-A) Close Floor Vote
