The House Appropriations Committee advanced two bills unanimously — one clarifying eligibility for Virginia's state-facilitated retirement savings program and one removing the Selective Service registration requirement for state financial aid — before receiving a briefing from Secretary of Finance Mark D. Sickles on Virginia's economic and revenue conditions, including the fiscal impact of federal workforce reductions.
+ 2 more actions
“The bill has no cost to the state as it affects the private sector and any administrative cost to Commonwealth Savers plan can be absorbed within their current resources.”
+ 4 more quotes
Subscribe to see all key actions, controversies, quotes, and what's next.
Sign in to subscribeTo the House Appropriations Committee meeting at this time. We'll do the roll call, please. Okay. Thank you. Clerk, please close the roll. I think we have a few items on our agenda. We have two bills to report to receive reports on and then we will hear from Secretary of Finance. Andrea. Yes, sir. One bill. Yours, Sir. House Bill 176. This is with regard to the state facilitated IRA savings program. The bill clarifies certain eligibility requirements were for Retire path, the program that's administered by Commonwealth Savers Plan. The bill has no cost to the state as it affects the private sector and any administrative cost to Commonwealth Savers plan can be absorbed within their current resources. Happy to answer any questions. Thank you. Because this bill did not go to subcommittee. Came straight to full members, do you have any questions in regards to HB176? Okay, if not, then we're gonna allow for the public to speak. Generally, we do not receive public comments in full committee. But because I repeat that again, because we did not have this bill to go to sub. We do have someone to speak. So please. Thank you, Mr. Chair…
Subscribe to unlock the full transcript, summary, and search across all Virginia committee hearings.
Sign in to subscribe