On January 11, 2010, Delegate Bob Marshall introduced to the Virginia General Assembly a bill, HJ62, to study whether to establish a state bank. Unfortunately, the bill was tabled in committee on January 28.
HJ62: Banks; joint subcommittee to study whether to establish those to be operated by State. Introduced By Del. Bob Marshall (R-Manassas)
Study; whether to establish a bank operated by the Commonwealth; report. Establishes a joint subcommittee to study whether to establish a bank operated by the Commonwealth. The study shall consider recommendations for legislation to establish a state owned, controlled, and operated bank.
Read about the bill here. Read the entire text here.
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Update: This from Bill Still
“Unfortunately the Delegate who proposed it, Bob Marshall, made it a House/Senate Joint Resolution. Therefore, when it was tabled by one well-placed Delegate, it couldn’t be revived as a Senate bill. Therefore it died.
Next year will be different.”
Larry
Thanks again, Larry!