VirginiaSB5652026 Regular SessionSenateWALLET

Virginia Contractor Transaction Recovery Fund; claim limits, license threshold amounts.

Sponsored By: Jen Kiggans - to resign 12/31 (Republican)

Became Law

Summary

Virginia Contractor Transaction Recovery Fund; claim limits; license threshold amounts. Expands the scope of Chapters 127 and 133 of the Acts of Assembly of 2025, which increased certain claim limits and license threshold amounts, to apply to any claimant who filed a verified claim with the Director of the Department of Professional and Occupational Regulation on or after June 6, 2024, for recovery from the Virginia Contractor Transaction Recovery Fund and whose claim was thereafter approved by the Board for Contractors.

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Homeowners can get more from Virginia contractor fund

The law reopens some Virginia Contractor Transaction Recovery Fund cases. You qualify if you filed a verified claim with the Department of Professional and Occupational Regulation (DPOR) on or after June 6, 2024. Your claim must have been approved by the Board for Contractors. If it was finalized under limits before July 1, 2025, the Board reopens it and applies any extra amounts under the updated limits.

Sponsors & Cosponsors

Sponsor

  • Jen Kiggans - to resign 12/31

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 256 • No: 1

Senate vote 3/10/2026

House amendment agreed to by Senate

Yes: 40 • No: 0

House vote 3/6/2026

Passed House with amendment Block Vote

Yes: 97 • No: 0

House vote 3/3/2026

Reported from General Laws with amendment(s)

Yes: 21 • No: 0

House vote 2/26/2026

Subcommittee recommends reporting with amendment(s)

Yes: 8 • No: 0

Senate vote 2/17/2026

Read third time and passed Senate

Yes: 40 • No: 0

Senate vote 2/16/2026

Engrossed by Senate (Voice Vote)

Yes: 0 • No: 0

Senate vote 2/13/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote 2/13/2026

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 36 • No: 0

Senate vote 2/11/2026

Reported from General Laws and Technology

Yes: 14 • No: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0508)

    4/8/2026Governor
  2. Approved by Governor-Chapter 508 (effective 7/1/2026)

    4/8/2026Governor
  3. Fiscal Impact Statement from Department of Planning and Budget (SB565)

    4/2/2026Senate
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/31/2026Governor
  5. Enrolled Bill communicated to Governor on March 31, 2026

    3/31/2026Senate
  6. Signed by Speaker

    3/31/2026House
  7. Bill text as passed Senate and House (SB565ER)

    3/30/2026Senate
  8. Enrolled

    3/30/2026Senate
  9. Signed by President

    3/30/2026Senate
  10. House amendment agreed to by Senate (40-Y 0-N 0-A)

    3/10/2026Senate
  11. Passed House with amendment Block Vote (97-Y 0-N 0-A)

    3/6/2026House
  12. Engrossed by House as amended

    3/6/2026House
  13. committee amendment agreed to

    3/6/2026House
  14. Read third time

    3/6/2026House
  15. Read second time

    3/5/2026House
  16. Reported from General Laws with amendment(s) (21-Y 0-N)

    3/3/2026House
  17. House subcommittee offered

    2/26/2026House
  18. Subcommittee recommends reporting with amendment(s) (8-Y 0-N)

    2/26/2026House
  19. Assigned HGL sub: Professions/Occupations and Administrative Process

    2/25/2026House
  20. Referred to Committee on General Laws

    2/24/2026House
  21. Read first time

    2/24/2026House
  22. Placed on Calendar

    2/24/2026House
  23. Read third time and passed Senate (40-Y 0-N 0-A)

    2/17/2026Senate
  24. Engrossed by Senate (Voice Vote)

    2/16/2026Senate
  25. Read second time

    2/16/2026Senate

Bill Text

Related Bills

Back to State Legislation