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HB 55

  • Virginia House Bill
  • 2020 Regular Session
  • Introduced in House Nov 30, 2019
  • Passed House Feb 03, 2020
  • Passed Senate Mar 05, 2020
  • Governor

Worker cooperatives; established as a category of cooperative associations.

Abstract

Worker cooperatives. Establishes worker cooperatives as a category of cooperative associations. A worker cooperative is a stock corporation that has elected to be governed by provisions established by this measure, which include (i) conducting its business primarily for the mutual benefit of its members, (ii) allowing only current and retired employees to be members, (iii) limiting voting rights to current employees, (iv) providing that each employee is entitled to one vote, (v) prohibiting any person from owning more than one membership share, (vi) requiring at least two-thirds of employees to own membership shares, and (vii) requiring that net earnings be paid or credited to members in accordance with the ratio that each member's amount of work performed during a period bears to the total amount of work performed by all members during that period.

Worker cooperatives. Establishes workercooperatives as a category of cooperative associations. A workercooperative is a stock corporation that has elected to be governedby provisions established by this measure, which include (i) conductingits business primarily for the mutual benefit of its members, (ii)allowing only current and retired employees to be members, (iii)limiting voting rights to current employees, (iv) providing that each employee is entitled to one vote, (v) prohibiting any personfrom owning more than one membership share, (vi) requiring at leasttwo-thirds of employees to own membership shares, and (vii) requiringthat net earnings be paid or credited to members in accordance withthe ratio that each member's amount of work performed during a periodbears to the total amount of work performed by all members duringthat period.

Bill Sponsors (32)

Lee J. Carter

  • Democratic
  • lower
  • 50
Primary

Dawn M. Adams

  • Democratic
  • lower
  • 68
Cosponsor

Hala S. Ayala

  • Democratic
  • lower
  • 51
Cosponsor

Lamont Bagby

  • Democratic
  • lower
  • 74
Cosponsor

Jeffrey M. Bourne

  • Democratic
  • lower
  • 71
Cosponsor

David L. Bulova

  • Democratic
  • lower
  • 37
Cosponsor

Jennifer Carroll Foy

  • Democratic
  • lower
  • 2
Cosponsor

Joshua G. Cole

  • Democratic
  • lower
  • 28
Cosponsor

Kelly K. Convirs-Fowler

  • Democratic
  • lower
  • 21
Cosponsor

Glenn R. Davis

  • Republican
  • lower
  • 84
Cosponsor

Karrie K. Delaney

  • Democratic
  • lower
  • 67
Cosponsor

Wendy W. Gooditis

  • Democratic
  • lower
  • 10
Cosponsor

Elizabeth R. Guzman

  • Democratic
  • lower
  • 31
Cosponsor

C.E. Cliff Hayes, Jr.

  • Democratic
  • lower
  • 77
Cosponsor

Steve E. Heretick

  • Democratic
  • lower
  • 79
Cosponsor

Patrick A. Hope

  • Democratic
  • lower
  • 47
Cosponsor

Chris L. Hurst

  • Democratic
  • lower
  • 12
Cosponsor

Jerrauld C. "Jay" Jones

  • Democratic
  • lower
  • 89
Cosponsor

Mark L. Keam

  • Democratic
  • lower
  • 35
Cosponsor

Kaye Kory

  • Democratic
  • lower
  • 38
Cosponsor

Paul E. Krizek

  • Democratic
  • lower
  • 44
Cosponsor

Mark H. Levine

  • Democratic
  • lower
  • 45
Cosponsor

Alfonso H. Lopez

  • Democratic
  • lower
  • 49
Cosponsor

Michael P. Mullin

  • Democratic
  • lower
  • 93
Cosponsor

Kenneth R. Plum

  • Democratic
  • lower
  • 36
Cosponsor

Sam Rasoul

  • Democratic
  • lower
  • 11
Cosponsor

Danica A. Roem

  • Democratic
  • lower
  • 13
Cosponsor

Ibraheem S. Samirah

  • Democratic
  • lower
  • 86
Cosponsor

Mark D. Sickles

  • Democratic
  • lower
  • 43
Cosponsor

Luke E. Torian

  • Democratic
  • lower
  • 52
Cosponsor

Kathy K.L. Tran

  • Democratic
  • lower
  • 42
Cosponsor

Vivian E. Watts

  • Democratic
  • lower
  • 39
Cosponsor

Votes


Actions


Apr 06, 2020

Office of the Governor

Approved by Governor-Chapter 673 (effective 7/1/20)

Mar 17, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2020

House

Enrolled Bill communicated to Governor on March 17, 2020

Mar 12, 2020

House

Enrolled

Senate

Signed by President

House

Signed by Speaker

House

Impact statement from DPB (HB55ER)

Mar 05, 2020

Senate

Committee amendment agreed to

Senate

Read third time

Senate

Reading of amendment waived

Senate

Engrossed by Senate as amended

Senate

Passed Senate with amendment (28-Y 12-N)

Senate

Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)

Senate

Passed Senate with amendment (25-Y 14-N 1-A)

House

Senate amendment agreed to by House (61-Y 31-N)

House

VOTE: Adoption (61-Y 31-N)

Mar 04, 2020

Senate

Constitutional reading dispensed (40-Y 0-N)

Mar 02, 2020

Senate

Reported from Commerce and Labor with amendment (14-Y 1-N)

Feb 04, 2020

Senate

Constitutional reading dispensed

Senate

Referred to Committee on Commerce and Labor

Feb 03, 2020

House

Read third time and passed House (62-Y 36-N)

House

VOTE: Passage (62-Y 36-N)

Jan 31, 2020

House

Read second time and engrossed

Jan 30, 2020

House

Read first time

Jan 28, 2020

House

Reported from Labor and Commerce (10-Y 8-N)

Jan 14, 2020

House

Impact statement from DPB (HB55)

Nov 30, 2019

House

Referred to Committee on Labor and Commerce

House

Prefiled and ordered printed; offered 01/08/20 20100832D

Bill Text

Bill Text Versions Format
Impact statement from DPB (HB55) HTML
Bill text as passed House and Senate (HB55ER) HTML
Acts of Assembly Chapter text (CHAP0673) HTML

Related Documents

Document Format
Amendment: HB55ASE HTML
Amendment: HB55AS HTML

Sources

Data on Open States is updated nightly from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.