Virginia Senate Bill 1597 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2019 - 25% progression, died in chamber
Action: 2019-01-31 - Incorporated by Finance
Text: Latest bill text (Prefiled) [HTML]

Research and development in the Commonwealth. Makes several changes related to the funding and oversight of research and development initiatives in the Commonwealth. The bill codifies the existing Virginia Biosciences Health Research Corporation (VBHRC) and brings it under the authority of the Innovation and Entrepreneurship Investment Authority (IEIA). The bill also creates a new Capital Research Investment Advisory Committee (Investment Committee), and an accompanying nonstock, nonprofit corporation under the IEIA, to oversee early and seed-stage venture capital investments. The Virginia Research Investment Committee (VRIC) would provide guidance to the IEIA and the Investment Committee. The Board membership of the IEIA is expanded to include the chairman of the VRIC and the VBHRC. Finally, the bill directs the Secretaries of Commerce and Trade and Education to convene a stakeholder group to review a recent technology report and make recommendations concerning the allocation of resources related to research, development, and commercialization.

Research and development; changes related to the funding and oversight of initiatives.

Sen. Richard Saslaw [D]

2019-01-31 - Senate - Senate: Incorporated by Finance (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-21 - Senate - Senate: Rereferred from Commerce and Labor (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-01-31	Senate	Incorporated by Finance
2019-01-21	Senate	Rereferred to Finance
2019-01-21	Senate	Rereferred from Commerce and Labor (13-Y 0-N)
2019-01-09	Senate	Referred to Committee on Commerce and Labor
2019-01-09	Senate	Prefiled and ordered printed; offered 01/09/19 19102131D

Chapter	Article	Section	Citation Type	Statute Text
2	2	204	(n/a)	See Bill Text
2	2	2220	(n/a)	See Bill Text
2	2	2220.2	(n/a)	See Bill Text
2	2	2232.1	(n/a)	See Bill Text
23	1	3132	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+SB1597
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1597+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+S02V0040+SB1597
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+S05V0255+SB1597