2025 Regular SessionWest Virginia Legislature

SB850: Creating Protecting Shareholders Act

Legislative Summary

The purpose of this bill is to establish standards for a breach of fiduciary duty under the Protecting Investors Act.

Demographic Impact

Overall analysis of equity impact

Neutral
Low Confidence

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Bill History

3/20/2025
Filed for introduction
Senate
3/20/2025
To Banking and Insurance
Senate
3/20/2025
Introduced in Senate
Senate
3/20/2025
To Banking and Insurance
Senate
3/26/2025
Committee substitute reported
Senate
3/26/2025
Immediate consideration
Senate
3/26/2025
Read 1st time
Senate
3/27/2025
On 2nd reading
Senate
3/27/2025
Laid over on 2nd reading 3/27/2025
Senate
3/28/2025
Laid over on 2nd reading 3/28/2025
Senate
3/29/2025
Laid over on 2nd reading 3/29/2025
Senate
3/31/2025
Laid over on 2nd reading 3/31/2025
Senate
4/1/2025
Referred to Rules on 2nd reading
Senate

Status Information

Current Status
Introduced(3/20/2025)
Chamber
Senate

Sponsors

Republican: 2

Primary Sponsor

Tom Willis
Tom Willis
Republican

Co-Sponsors (1)

Documents

Introduced
Bill Text1/1/19706.6 KB
Comm Sub
Bill Text1/1/19706.7 KB