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Retail franchise agreements; governing law; competition restrictions. Provides that retail franchise agreements shall be governed by the laws of the Commonwealth and prohibits any person from offering or entering into a franchise agreement that includes competition restrictions that extend beyond termination or expiration of the franchise agreement unless such settlement is approved by a court of competent jurisdiction.
Introduced
Jan 12, 2026
Last Action
Mar 12, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Fiscal Impact Statement from State Corporation Commission (SB240)
House substitute agreed to by Senate (40-Y 0-N 0-A)
Engrossed by House - committee substitute
committee substitute agreed to
Read third time
Passed House with substitute (97-Y 0-N 0-A)
Read second time
Committee substitute printed 26108684D-H1
Reported from Labor and Commerce with substitute (22-Y 0-N)
Subcommittee recommends reporting with substitute (7-Y 0-N)
House subcommittee offered
Assigned HCL sub: Subcommittee #2
Referred to Committee on Labor and Commerce
Placed on Calendar
Read first time
Read third time and passed Senate (40-Y 0-N 0-A)
Engrossed by Senate (Voice Vote)
Read second time
Rules suspended
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Reported from Commerce and Labor (12-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (SB240)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; Offered 01-14-2026 26100824D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Fiscal Impact Statement from State Corporation Commission (SB240)
Christopher T. Head