Virginia bills · 2026 Regular Session
Virginia HB 293
Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Dan I. Helmer (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS PASSED HOUSE
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.
Text versions
- Introduced
- Technology and Innovation Subcommittee Substitute
- Communications, Technology and Innovation Substitute
Roll-call votes
State vote data last updated Oct 16, 2026, 4:04 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Mar 9, 2026 Senate | Passed by indefinitely in Commerce and Labor | pass | Set your home in Virginia to see |
| Feb 13, 2026 House | H VOTE: | pass | Set your home in Virginia to see |
| Feb 9, 2026 House | Reported from Communications, Technology and Innovation with substitute | pass | Set your home in Virginia to see |
| Feb 4, 2026 House | Subcommittee recommends reporting with substitute | pass | Set your home in Virginia to see |
Actions
- Mar 9, 2026 · Senate
Passed by indefinitely in Commerce and Labor (15-Y 0-N) - Feb 17, 2026 · House
Fiscal Impact Statement from State Corporation Commission (HB293) - Feb 16, 2026 · Senate
Referred to Committee on Commerce and Labor - Feb 16, 2026 · Senate
Constitutional reading dispensed (on 1st reading) - Feb 13, 2026 · House
Read third time and passed House (59-Y 37-N 0-A) - Feb 12, 2026 · House
Engrossed by House - committee substitute - Feb 12, 2026 · House
committee substitute agreed to - Feb 12, 2026 · House
Read second time - Feb 11, 2026 · House
Read first time - Feb 9, 2026 · House
Committee substitute printed 26107218D-H1 - Feb 9, 2026 · House
Reported from Communications, Technology and Innovation with substitute (15-Y 7-N) - Feb 9, 2026 · House
House committee offered - Feb 4, 2026 · House
Subcommittee recommends reporting with substitute (7-Y 3-N) - Feb 4, 2026 · House
House subcommittee offered - Jan 28, 2026 · House
Fiscal Impact Statement from State Corporation Commission (HB293) - Jan 26, 2026 · House
Assigned HST sub: Technology and Innovation - Jan 9, 2026 · House
Referred to Committee on Communications, Technology and Innovation - Jan 9, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26104634D