All Roll Calls
Yes: 226 • No: 3
Sponsored By: Jen Kiggans - to resign 12/31 (Republican)
Became Law
Virginia Disposition of Unclaimed Property Act; digital financial assets. Creates a statutory framework for the treatment and disposition of unclaimed intangible property in the form of digital assets, as defined in the bill.
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4 provisions identified: 0 benefits, 1 costs, 3 mixed.
Virginia now treats digital assets (like crypto) as unclaimed property. The law defines what counts as a digital asset and what is excluded, such as in‑game items and SEC‑registered securities. It explains what a digital asset account and a private key are. This brings exchange and wallet accounts into state unclaimed‑property rules.
The Treasurer sets processes to reunite owners with digital assets and generally holds crypto or securities for at least one year before selling. If sold early and you claim within a year, you get the higher of the sale proceeds or the market value at your claim; after a year, you get the asset if still held or the proceeds, and you cannot claim gains after delivery. The state sells to the highest bidder and may use exchange prices; it can reject low bids or skip a sale if costs exceed value. A sale inside Virginia needs one newspaper notice at least three weeks ahead; online sales count as out‑of‑state and can use other notice. Buyers get clear title free of prior claims, and the Treasurer may destroy items with little commercial value.
If a holder controls the private keys, it must report and deliver the native digital assets to the State Treasurer and provide proof if asked. If the holder has only part of a key or cannot move the asset, it must keep holding it and promptly tell the Treasurer why it cannot liquidate. The Treasurer can require holders to report assets, keep holding them, and later sell them at least one year after the report. If the state’s custodian cannot accept native assets, the Treasurer can order sale at the time of reporting.
A digital asset account is presumed abandoned after five years with no owner activity or contact. The clock stops if you trade, deposit, withdraw, log in, use a related account, or otherwise show you know the account exists. Holders must send a first‑class letter to your last known address before turning assets over. A last known address can be any info that shows your state, even if mail cannot be delivered.
Jen Kiggans - to resign 12/31
Republican • Senate
There are no cosponsors for this bill.
All Roll Calls
Yes: 226 • No: 3
Senate vote • 3/4/2026
Passed Senate Block Vote
Yes: 40 • No: 0
Senate vote • 3/3/2026
Reported from Finance and Appropriations
Yes: 14 • No: 0
Senate vote • 3/3/2026
Constitutional reading dispensed Block Vote (on 2nd reading)
Yes: 40 • No: 0
Senate vote • 3/3/2026
Passed by for the day Block Vote (Voice Vote)
Yes: 0 • No: 0
Senate vote • 2/25/2026
Reported from General Laws and Technology and rereferred to Finance and Appropriations
Yes: 15 • No: 0
House vote • 2/6/2026
Read third time and passed House
Yes: 96 • No: 2
House vote • 2/2/2026
Reported from Communications, Technology and Innovation with substitute
Yes: 21 • No: 1
Acts of Assembly Chapter text (CHAP0669)
Approved by Governor-Chapter 669 (effective 7/1/2026)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 14, 2026
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (HB798)
Bill text as passed House and Senate (HB798ER)
Enrolled
Signed by President
Passed Senate Block Vote (40-Y 0-N 0-A)
Read third time
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Rules suspended
Reported from Finance and Appropriations (14-Y 0-N)
Reported from General Laws and Technology and rereferred to Finance and Appropriations (15-Y 0-N)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (96-Y 2-N 0-A)
Fiscal Impact Statement from Department of Planning and Budget (HB798)
Engrossed by House - committee substitute
committee substitute agreed to
Read second time
Read first time
Committee substitute printed 26105592D-H1
Chaptered
4/13/2026
Enrolled
3/11/2026
Substitute
2/2/2026
Introduced
1/13/2026
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