# Virginia HB293: Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.

Virginia HB293, Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date., is a 2026 Regular Session House bill sponsored by Dan I. Helmer (Democratic); status failed, last action 2026-03-09 (Passed by indefinitely in Commerce and Labor (15-Y 0-N)) (as of 2026-11-06).

- Canonical: https://policyrisk.com/state-bill/VA-HB293-2026
- As of: 2026-11-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB293
- State: Virginia
- Session: 2026 Regular Session
- Title: Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
- Status: failed
- Chamber: House
- Introduced: 2026-01-09
- Last action: 2026-03-09, Passed by indefinitely in Commerce and Labor (15-Y 0-N)
- Sponsor: Dan I. Helmer (Democratic)
- Cosponsors: 0
- Subjects: Commerce and Labor
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Corporations; limited liability decentralized autonomous organizations (LLDs). Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of organization with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of organization. The bill includes requirements for amending an LLD's articles of organization and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The provisions of the bill have a delayed effective date of January 1, 2028.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Dan I. Helmer (Democratic), House

## Actions (18)

- 2026-03-09: Passed by indefinitely in Commerce and Labor (15-Y 0-N) (Senate)
- 2026-02-17: Fiscal Impact Statement from State Corporation Commission (HB293) (House)
- 2026-02-16: Referred to Committee on Commerce and Labor (Senate)
- 2026-02-16: Constitutional reading dispensed (on 1st reading) (Senate)
- 2026-02-13: Read third time and passed House (59-Y 37-N 0-A) (House)
- 2026-02-12: Engrossed by House - committee substitute (House)
- 2026-02-12: committee substitute agreed to (House)
- 2026-02-12: Read second time (House)
- 2026-02-11: Read first time (House)
- 2026-02-09: Committee substitute printed 26107218D-H1 (House)
- 2026-02-09: House committee offered (House)
- 2026-02-09: Reported from Communications, Technology and Innovation with substitute (15-Y 7-N) (House)
- 2026-02-04: House subcommittee offered (House)
- 2026-02-04: Subcommittee recommends reporting with substitute (7-Y 3-N) (House)
- 2026-01-28: Fiscal Impact Statement from State Corporation Commission (HB293) (House)
- 2026-01-26: Assigned HST sub: Technology and Innovation (House)
- 2026-01-09: Referred to Committee on Communications, Technology and Innovation (House)
- 2026-01-09: Prefiled and ordered printed; Offered 01-14-2026 26104634D (House)

## Bill text

- Substitute, 2026-02-09: [HTML](https://lis.blob.core.windows.net/files/1134144.HTML), [HTML](https://lis.blob.core.windows.net/files/1134100.HTML), [PDF](https://lis.blob.core.windows.net/files/1134143.PDF), [PDF](https://lis.blob.core.windows.net/files/1134099.PDF)
- Substitute, 2026-02-04: [HTML](https://lis.blob.core.windows.net/files/1115901.HTML), [HTML](https://lis.blob.core.windows.net/files/1115785.HTML), [PDF](https://lis.blob.core.windows.net/files/1115784.PDF), [PDF](https://lis.blob.core.windows.net/files/1115900.PDF)
- Introduced, 2026-01-09: [HTML](https://lis.blob.core.windows.net/files/1083457.HTML), [PDF](https://lis.blob.core.windows.net/files/1083456.PDF)

## Related bills

- HB20: Minimum wage; farm laborers or farm employees, temporary foreign workers. (signed)
- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)

## Sources
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1134144.HTML)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1134100.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1134143.PDF)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1134099.PDF)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1115901.HTML)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1115785.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1115784.PDF)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1115900.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1083457.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1083456.PDF)

## Related
- [HB20: Minimum wage; farm laborers or farm employees, temporary foreign workers.](https://policyrisk.com/state-bill/VA-HB20-2026)
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB293-2026 (as of 2026-11-06).