SB227
Arbitration; high-volume service providers, selection of arbitrator, civil remedies.
Status:
Passed
Latest Action:
March 14, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Chief Patron:
Scott Surovell (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Arbitration; high-volume arbitration service providers; selection of arbitrator; civil remedies.
Requires a high-volume arbitration service provider, defined in the bill as a person or entity that administers, facilitates, or provides arbitration services in the Commonwealth and that conducts more than 100 arbitrations, involving a consumer and any transaction, agreement, or dispute that arises out of, relates to, or is otherwise ... (More) connected with activities, relationships, or events occurring within the Commonwealth, to establish and maintain certain procedures related to the selection of an arbitrator. Under the bill, a party aggrieved by a high-volume arbitration service provider that has failed to comply with such requirements may seek injunctive relief or other appropriate civil remedy or make an application with a circuit court to vacate an arbitration award in accordance with current law. The bill also requires all high-volume arbitration service providers to report information related to certain arbitrations annually with the State Corporation Commission and permits the Commission to impose a $10,000 civil penalty per violation on high-volume arbitration service providers who fail to comply with the provisions of the bill. Finally, the bill provides that these provisions shall apply to arbitration agreements entered into on or after July 1, 2026. (Less)-
Bill History
- 01/10/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26100636D
- 01/10/2026 - Senate: Referred to Committee for Courts of Justice
- 01/21/2026 - Senate: Courts of Justice Substitute
- 01/21/2026 - Senate: Reported from Courts of Justice with substitute (14-Y 1-N)
- 01/23/2026 - Senate: Committee substitute printed 26105387D-S1
- 01/23/2026 - Senate: Rules suspended
- 01/23/2026 - Senate: Constitutional reading dispensed (on 1st reading) (39-Y 0-N 0-A)
- 01/23/2026 - Senate: Passed by for the day (Voice Vote)
- 01/23/2026 - Senate: Passed by for the day
- 01/26/2026 - Senate: Courts of Justice Substitute agreed to
- 01/26/2026 - Senate: Engrossed by Senate (Voice Vote)
- 01/26/2026 - Senate: Read second time
- 01/26/2026 - Senate: Engrossed by Senate - committee substitute
- 01/27/2026 - Senate: Read third time and passed Senate (38-Y 0-N 0-A)
- 01/28/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB227)
- 02/03/2026 - House: Placed on Calendar
- 02/03/2026 - House: Read first time
- 02/03/2026 - House: Referred to Committee for Courts of Justice
- 02/17/2026 - House: Assigned HCJ sub: Civil
- 02/17/2026 - House: Placed on Courts of Justice Agenda
- 02/18/2026 - House: Subcommittee recommends reporting (10-Y 0-N)
- 02/27/2026 - House: Placed on Courts of Justice Agenda
- 03/02/2026 - House: Reported from Courts of Justice with amendment(s) (22-Y 0-N)
- 03/03/2026 - House: Read second time
- 03/04/2026 - House: Read third time
- 03/04/2026 - House: committee amendments agreed to
- 03/04/2026 - House: Engrossed by House as amended
- 03/04/2026 - House: Passed House with amendments (97-Y 0-N 0-A)
- 03/04/2026 - House: Reconsideration of passage agreed to by House
- 03/04/2026 - House: Passed House with amendments (99-Y 0-N 0-A)
- 03/06/2026 - Senate: House amendments agreed to by Senate (40-Y 0-N 0-A)
- 03/12/2026 - Senate: Enrolled
- 03/12/2026 - Senate: Bill text as passed Senate and House (SB227ER)
- 03/12/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB227)
- 03/12/2026 - House: Signed by Speaker
- 03/12/2026 - Senate: Signed by President
- 03/14/2026 - Senate: Enrolled Bill communicated to Governor on March 14, 2026
- 03/14/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
