West Virginia House Bill 4985

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Spectrum: Moderate Partisan Bill (Republican 9-1)
Status: Introduced on January 22 2024 - 25% progression
Action: 2024-02-05 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to authorize victim restitution and creating a restitution assistance fund for victims of securities violations; create the Securities Restitution Assistance Fund; authorize the awarding of restitution in an administrative assessment; provide for the manner and procedures for applications for restitution assistance; provide the manner and procedures for the payment of restitution assistance awards; detail the situations in which restitution is prohibited; provide for subrogation; provide for a lien on recovery and refunds of excessive restitution amounts; provide for the suspension of claims; exempt the restitution awards from attachment or intercept; and authorize the Auditor to promulgate rules regarding the restitution program.

Relating to Securities Restitution Assistance Fund

Del. Eric Householder [R]	Del. Trenton Barnhart [R]	Del. Steve Westfall [R]	Del. John Hardy [R]
Del. Daniel Linville [R]	Del. Bob Fehrenbacher [R]	Del. Margitta Mazzocchi [R]	Del. Vernon Criss [R]
Del. Sean Hornbuckle [D]	Del. Larry Kump [R]

Date	Chamber	Action
2024-02-05	House	To House Finance
2024-02-05	House	With amendment, do pass, but first to Finance
2024-01-22	House	To House Judiciary
2024-01-22	House	Introduced in House
2024-01-22	House	To Judiciary then Finance
2024-01-22	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
32	4	407A	Amended Code	Citation Text
32	7	701	New Code	See Bill Text
32	7	702	New Code	See Bill Text
32	7	703	New Code	See Bill Text
32	7	704	New Code	See Bill Text
32	7	705	New Code	See Bill Text
32	7	706	New Code	See Bill Text
32	7	707	New Code	See Bill Text
32	7	708	New Code	See Bill Text
32	7	709	New Code	See Bill Text
32	7	710	New Code	See Bill Text
32	7	711	New Code	See Bill Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4985&year=2024&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4985%20intr.htm&yr=2024&sesstype=RS&i=4985
Amendment	http://www.wvlegislature.gov/legisdocs/chamber/2024/RS/com_amends/hb4985%20h%20jud%20am%20_1.htm
Supplement	http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=890993718