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Civil litigation; suspension bonds and irrevocable letters of credit upon appeal. Increases the cap currently in place for suspension bonds and irrevocable letters of credit for appellants during the pendency of an appeal of a civil action from $25 million to $100 million. The bill also requires, beginning April 1, 2031, and at each five-year interval ending on April 1 thereafter, this monetary cap to be adjusted to reflect the change in the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics of the U.S. Department of Labor.
Introduced
Jan 14, 2026
Last Action
Mar 12, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Senate amendment agreed to by House (63-Y 35-N 0-A)
Blank Action
Passed Senate with amendment (39-Y 1-N 0-A)
Engrossed by Senate as amended
Senator Surovell Amendment agreed to
Reading of amendment not waived
Reconsideration of Senate passage rejected by Senate (40-Y 0-N 0-A)
Defeated by Senate (17-Y 23-N 0-A)
Read third time
Rules suspended
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Reported from Courts of Justice (9-Y 6-N)
Referred to Committee for Courts of Justice
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (69-Y 28-N 0-A)
Engrossed by House - committee substitute
committee substitute agreed to
Read second time
Read first time
Committee substitute printed 26107507D-H1
Reported from Courts of Justice with substitute (17-Y 5-N)
House subcommittee offered
Subcommittee recommends reporting with substitute (9-Y 1-N)
Assigned HCJ sub: Civil
Referred to Committee for Courts of Justice
Prefiled and ordered printed; Offered 01-14-2026 26104801D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Senate amendment agreed to by House (63-Y 35-N 0-A)
Phil M. Hernandez