State-facilitated IRA savings program; various changes to the program.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “An Act to amend and reenact §§ 2.2-2744, 2.2-2746, 2.2-2747, 2.2-2748, and 2.2-2751 of the Code of Virginia, relating to state-facilitated IRA savings program.” Read the full text
2026 session
What it does
State-facilitated IRA savings program. Makes various changes to the state-facilitated IRA savings program administered by the Commonwealth Savers Plan. For purposes of defining an eligible employer, the bill (i) reduces the minimum number of eligible employees an organization must have in its employ from 25 to five for the period ending December 31 of the preceding calendar year prior to the program's open enrollment period for that calendar year and (ii) clarifies that such term does not includ
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Introduced · Jan 7, 2026
Acts of Assembly Chapter 85 (latest official status)
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
1
sponsor on the bill
Sponsors
Jeremy S. McPike
Recorded votes
Passed House (97-Y 0-N 0-A)House of Delegates · 2026-02-25 · P · Y 97, X 2
Reported from Appropriations (22-Y 0-N)House of Delegates · 2026-02-20 · P · Y 22
Read third time and passed Senate (40-Y 0-N 0-A)Senate · 2026-02-02 · P · Y 40
Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)Senate · 2026-01-29 · P · Y 40
Reported from Finance and Appropriations (13-Y 0-N)Senate · 2026-01-28 · P · Y 13, X 2
Roll-call results shown verbatim from the Virginia legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Acts of Assembly Chapter 85.