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Virginia Clean Energy Innovation Bank; established; report. Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. An advisory board consisting of nonlegislative citizen members and ex officio members shall oversee the Bank and provide recommendations related to the Bank and its effectiveness. The bill contains provisions for (i) the powers and duties of the Bank, (ii) lending practices, (iii) a strategic plan, (iv) an investment strategy, (v) public outreach requirements, (vi) audits, and (vii) reporting requirements.
Introduced
Jan 10, 2026
Last Action
Mar 14, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Conference report agreed to by House (63-Y 34-N 0-A)
Conference report agreed to by Senate (39-Y 0-N 0-A)
Conference Report released
Senate Conferees: Surovell, Roem, French
Senate acceded to request Block Vote (40-Y 0-N 0-A)
Conferees appointed by Senate
House Conferees: Lopez, Herring, Bloxom
Conferees appointed by House
House insisted on substitute
Fiscal Impact Statement from Department of Planning and Budget (SB225)
House requested conference committee
House substitute rejected by Senate
committee substitute rejected
Passed House with substitute (63-Y 34-N 0-A)
Engrossed by House - committee substitute
committee substitute agreed to
Committee substitute reconsidered
Reconsideration of passage agreed to by House
Passed House (61-Y 34-N 0-A)
Read third time
Read second time
Reported from Appropriations (15-Y 7-N)
Reported from Labor and Commerce with substitute and referred to Appropriations (15-Y 7-N)
Committee substitute printed 26109084D-H1
Referred from Health and Human Services and referred to Labor and Commerce (Voice Vote)
Fiscal Impact Statement from Department of Planning and Budget (SB225)
Referred to Committee on Health and Human Services
Read first time
Placed on Calendar
Senator Surovell Amendment agreed to
Reading of amendment waived (Voice Vote)
Finance and Appropriations Substitute agreed to
Read third time and passed Senate Block Vote (40-Y 0-N 0-A)
Constitutional reading dispensed Block Vote (on 3rd reading) (40-Y 0-N 0-A)
Rules suspended
Engrossed by Senate - committee substitute as amended
Floor offered Finance and Appropriations Substitute
Read second time
Constitutional reading dispensed (on 1st reading) (40-Y 0-N 0-A)
Passed by for the day
Passed by for the day (Voice Vote)
Rules suspended
Committee substitute printed 26107397D-S1
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB225)
Rereferred from General Laws and Technology to Finance and Appropriations (14-Y 0-N)
Prefiled and ordered printed; Offered 01-14-2026 26100610D
Referred to Committee on General Laws and Technology
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Conference report agreed to by House (63-Y 34-N 0-A)
Scott A. Surovell