Why 4/5: Establishes a new state entity and funding mechanism for clean energy and emissions reduction, indicating a significant long-term policy shift.
This bill creates the Virginia Clean Energy Innovation Bank to provide grants, loans, and other financing for clean energy and greenhouse gas reduction projects. The bank will strategically deploy public funds to accelerate the development and implementation of environmentally beneficial initiatives across the state.
Update
Conferees appointed by Senate
Update
Senate Conferees: Surovell, Roem, French
Update
Conferees appointed by House
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House Conferees: Lopez, Herring, Bloxom
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Conference Report released
Cleared committee (favorable)
Conference report agreed to by Senate (39-Y 0-N 0-A)
Cleared committee (favorable)
Conference report agreed to by House (63-Y 34-N 0-A)
Enrolled
Enrolled
Passed a chamber
Bill text as passed Senate and House (SB225ER)
This bill has passed its votes and is headed to the Governor's desk. You still have a say — the Governor's office reads messages before deciding whether to sign.
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Summarized from the official bill text (“Virginia Clean Energy Innovation Bank; created, report, membership.”) · Read the actual bill →
Passed a chamber
Signed by President
Passed a chamber
Signed by Speaker
Enrolled
Enrolled Bill communicated to Governor on March 31, 2026
Sent to the Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
Update
Fiscal Impact Statement from Department of Planning and Budget (SB225)
Line-item veto
Governor's recommendation received by Senate