# Virginia SB693: Residential land; prohibited acquisition, restrictions, civil penalty.

Virginia SB693, Residential land; prohibited acquisition, restrictions, civil penalty., is a 2025 Regular Session Senate bill sponsored by Glen H. Sturtevant, Jr. (Republican); status failed, last action 2024-11-19 (Left in Courts of Justice) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/VA-SB693-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB693
- State: Virginia
- Session: 2025 Regular Session
- Title: Residential land; prohibited acquisition, restrictions, civil penalty.
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-19
- Last action: 2024-11-19, Left in Courts of Justice
- Sponsor: Glen H. Sturtevant, Jr. (Republican)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 1 (15 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Prohibited acquisition of residential land; restrictions; civil penalty. Restricts any partnership, corporation, or real estate investment trust that manages funds pooled from investors, is a fiduciary to such investors, and has $50 million or more in net value or assets under management on any day during a taxable year from acquiring any interest in residential land, as defined in the bill, in the Commonwealth and requires registration with the Secretary of the Commonwealth on or after July 1, 2024. The bill requires the Secretary to report annually by December 1 on the registrations and any penalties assessed for failure to register and to submit such report to the Governor and the General Assembly. The bill also requires all real property tax bills to contain notice of such prohibited business ownership restrictions and registration requirements.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Glen H. Sturtevant, Jr. (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2024-02-07 | Senate | Continued to 2025 in Courts of Justice | pass | 15 | 0 |   |

## Actions (6)

- 2024-11-19: Left in Courts of Justice (Senate)
- 2024-02-07: Continued to 2025 in Courts of Justice (15-Y 0-N) (Senate)
- 2024-02-07: Senate committee, floor amendments and substitutes offered (Senate)
- 2024-02-02: Impact statement from DPB (SB693) (Senate)
- 2024-01-19: Referred to Committee for Courts of Justice (Senate)
- 2024-01-19: Presented and ordered printed 24105234D (Senate)

## Bill text

- Introduced, 2024-02-05: [HTML](https://lis.virginia.gov/bill-details/20251/SB693)

## Related bills

- HR671: Commending JR's Auto Care. (adopted)
- SB941: Robbery; use of air or gas operated weapon, etc., penalty. (failed)
- HB1746: Public safety officer; definition. (failed)
- HB1600: Budget Bill. (failed)
- SB1449: Data centers; site assessment for high energy use facility. (failed)
- HB1609: Essential health benefits benchmark plan; Commission to consider coverage for infertility treatment. (to governor)

## Sources
- [Introduced (HTML)](https://lis.virginia.gov/bill-details/20251/SB693)

## Related
- [HR671: Commending JR's Auto Care.](https://policyrisk.com/state-bill/VA-HR671-2025)
- [SB941: Robbery; use of air or gas operated weapon, etc., penalty.](https://policyrisk.com/state-bill/VA-SB941-2025)
- [HB1746: Public safety officer; definition.](https://policyrisk.com/state-bill/VA-HB1746-2025)
- [HB1600: Budget Bill.](https://policyrisk.com/state-bill/VA-HB1600-2025)
- [SB1449: Data centers; site assessment for high energy use facility.](https://policyrisk.com/state-bill/VA-SB1449-2025)
- [HB1609: Essential health benefits benchmark plan; Commission to consider coverage for i…](https://policyrisk.com/state-bill/VA-HB1609-2025)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB693-2025 (as of 2026-10-16).