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HB1853

Lawyers; client accounts.

Status:
Passed

Chief Patron:
Rip Sullivan (D)

Session:
2021 Regular Session

Summary

As Passed Both Chambers. Lawyers; client accounts.

Repeals the provision prohibiting the Supreme Court of Virginia from adopting a disciplinary rule requiring that lawyers deposit client funds in an interest-bearing account. The bill provides that any rule promulgated by the Supreme Court of Virginia requiring attorney participation in the Interest on Lawyers Trust Accounts (IOLTA) program clearly state that an attorney or law firm has no responsibility to remit interest earned to the IOLTA program. (Less)

  • Bill History

  • 01/07/2021 - House: Prefiled and ordered printed; offered 01/13/21 21100869D
  • 01/07/2021 - House: Referred to Committee for Courts of Justice
  • 01/12/2021 - House: Impact statement from DPB (HB1853)
  • 01/14/2021 - House: Assigned Courts sub: Civil
  • 01/15/2021 - House: Subcommittee recommends reporting (8-Y 0-N)
  • 01/20/2021 - House: Reported from Courts of Justice (18-Y 3-N)
  • 01/21/2021 - House: Read first time
  • 01/22/2021 - House: Read second time and engrossed
  • 01/25/2021 - House: Read third time and passed House (68-Y 32-N)
  • 01/25/2021 - House: VOTE: Passage (68-Y 32-N)
  • 01/26/2021 - Senate: Constitutional reading dispensed
  • 01/26/2021 - Senate: Referred to Committee on the Judiciary
  • 02/05/2021 - Senate: Continued to 2021 Sp. Sess. 1 in Judiciary (14-Y 0-N)
  • 02/17/2021 - Senate: Reported from Judiciary (9-Y 5-N)
  • 02/19/2021 - Senate: Constitutional reading dispensed (32-Y 0-N)
  • 02/22/2021 - Senate: Read third time
  • 02/22/2021 - Senate: Passed by for the day
  • 02/23/2021 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/23/2021 - Senate: Read third time
  • 02/23/2021 - Senate: Amendment #1 by Senator Stuart withdrawn
  • 02/23/2021 - Senate: Reading of amendment waived
  • 02/23/2021 - Senate: Amendment #2 by Senator Stuart agreed to
  • 02/23/2021 - Senate: Engrossed by Senate as amended
  • 02/23/2021 - Senate: Passed Senate with amendment (36-Y 3-N)
  • 02/24/2021 - House: Placed on Calendar
  • 02/24/2021 - House: Senate amendment agreed to by House (63-Y 35-N)
  • 02/24/2021 - House: VOTE: Adoption (63-Y 35-N)   Close Floor Vote
  • 02/26/2021 - House: Enrolled
  • 02/26/2021 - House: Bill text as passed House and Senate (HB1853ER)
  • 02/26/2021 - House: Impact statement from DPB (HB1853ER)
  • 02/26/2021 - House: Signed by Speaker
  • 02/27/2021 - Senate: Signed by President
  • 03/01/2021 - House: Enrolled Bill communicated to Governor on March 1, 20201
  • 03/01/2021 - Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
  • 03/24/2021 - Governor: Approved by Governor-Chapter 342 (effective 7/1/21)
  • 03/24/2021 - Governor: Acts of Assembly Chapter text (CHAP0342)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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