VirginiaArbitration; high-volume service providers, selection of arbitrator, civil remedies.
What it does
Arbitration; high-volume arbitration service providers; selection of arbitrator; civil remedies. Requires a high-volume arbitration service provider, defined in the bill as a person or entity that administers, facilitates, or provides arbitration services in the Commonwealth and that conducts more than 100 arbitrations per year that arise from a pre-dispute arbitration agreement involving a Virginia-connected transaction, to establish and maintain certain procedures related to the selection of an arbitrator. Under the bill, a party aggrieved by a high-volume arbitration service provider that has failed to comply with such requirements may seek injunctive relief or other appropriate civil remedy or make an application with a circuit court to vacate an arbitration award in accordance with current law.
More detail
The bill also requires all high-volume arbitration service providers to report information related to certain arbitrations annually with the State Corporation Commission and permits the Commission to impose a $10,000 civil penalty per violation on high-volume arbitration service providers who fail to comply with the provisions of the bill. Finally, the bill provides that these provisions shall apply to arbitration agreements entered into on or after July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 8Acts of Assembly Chapter text (CHAP0490)Latest
- Apr 8Approved by Governor Abigail Spanberger-Chapter 490 (effective 7/1/2026)Became Law
- Mar 14Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 14Enrolled Bill communicated to Governor on March 14, 2026Minor
- Mar 12Signed by PresidentMajor
- Mar 12Signed by SpeakerMajor
- Mar 12Fiscal Impact Statement from Department of Planning and Budget (SB227)
- Mar 12Bill text as passed Senate and House (SB227ER)Major
- Mar 12EnrolledMinor
- Mar 6House amendments agreed to by Senate (40-Y 0-N 0-A)Major
- Vote recorded Concur House Amendments R. Result: pass.Upper
- Mar 4Passed House with amendments (99-Y 0-N 0-A)Major
- Vote recorded H VOTE:. Result: pass.Lower
- Vote recorded H VOTE:. Result: pass.Lower
- Mar 4Reconsideration of passage agreed to by House
- Mar 4Passed House with amendments (97-Y 0-N 0-A)Passed House
- Mar 4Engrossed by House as amended
- Mar 4committee amendments agreed toMajor
- Mar 4Read third timeMinor
- Mar 3Read second timeMinor
- Mar 2Reported from Courts of Justice with amendment(s) (22-Y 0-N)Minor
- Vote recorded Reported from Courts of Justice with amendment(s). Result: pass.Lower
- Feb 18Subcommittee recommends reporting (10-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Feb 17Assigned HCJ sub: CivilMinor
- Feb 3Referred to Committee for Courts of JusticeMinor
- Feb 3Read first timeMinor
- Feb 3Placed on Calendar
- Jan 28Fiscal Impact Statement from Department of Planning and Budget (SB227)
- Jan 27Read third time and passed Senate (38-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Jan 26Engrossed by Senate - committee substituteMajor
- Jan 26Read second timeMinor
- Jan 26Engrossed by Senate (Voice Vote)
- Jan 26Courts of Justice Substitute agreed to
- Jan 23Passed by for the day
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Jan 23Passed by for the day (Voice Vote)
- Jan 23Constitutional reading dispensed (on 1st reading) (39-Y 0-N 0-A)
- Jan 23Rules suspended
- Jan 23Committee substitute printed 26105387D-S1Major
- Jan 21Reported from Courts of Justice with substitute (14-Y 1-N)Minor
- Vote recorded Reported from Courts of Justice with substitute. Result: pass.Upper
- Jan 21Courts of Justice Substitute
- Jan 10Referred to Committee for Courts of JusticeMinor
- Jan 10Prefiled and ordered printed; Offered 01-14-2026 26100636DIntroduced