SB 561 is sponsored by Mike Oliverio (Republican), Ben Queen (Republican), Jay Taylor (Republican), Mike Woelfel (Democrat), and Anne B. Charnock (Republican).

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West Virginia 2025 Regular Session Status: Enacted Bipartisan · 4 R · 1 D cosponsors

SB 561 — Relating to Uniform Special Deposits Act

Last action August 08, 2025 — Chapter 40, Acts, Regular Session, 2025

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Introduced
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In Committee
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Passed Senate
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Passed House of Delegates
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To Executive
6
Enacted

This bill has been enacted into law. Introduced February 20, 2025. Enacted.

Signed by Governor Patrick Morrisey (Republican) on August 08, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 96% · high confidence

Enacted

Current position in the legislative process.
5 sponsors

1 primary, 4 co-sponsors signed on.
Bipartisan support

Sponsored across 2 parties (4 R · 1 D) — cross-party backing.
Cleared a recorded vote

Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

33 added · 14 removed

Plain-language change summary

The changes to Bill SB 561 include the removal of the introductory language indicating the bill's introduction date and committee referral. Instead, the finalized version confirms that the bill has passed as of April 11, 2025, and will go into effect 90 days later, on July 10, 2025. This shift emphasizes that the bill is now officially enacted, making it clear when the new provisions will take effect, which is important for anyone impacted by the changes in the law.

WEST VIRGINIA LEGISLATURE REGULAR SESSION ~~Introduced~~Enrolled Senate Bill 561 B YSENATORS OLIVERI, QUEEN, AYLOR, WOELFEL,AND CHARNOCK ~~[Introduced~~[Passed ~~February~~April ~~20,~~11, 2025;

~~referred~~in toeffect ~~the~~90 ~~Committee~~days onfrom ~~Banking~~passage ~~and~~(July ~~Insurance]~~10, ~~Intr~~2025)] Enr SB 561 AAN ~~BILL~~ACT to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §31A-9-1, §31A-9-2, §31A-9-3, §31A-9-4, §31A-9-5, §31A-9-6, §31A-9-7, §31A-9-8, §31A-9-9, §31A-9-10, §31A-9-11, §31A-9-12, §31A-9-13, §31A-9-14, §31A-9- 15, and §31A-9-16, relating to the Uniform Special Deposits Act;

~~Intr~~Enr SB 561 (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, trust company, and a bank as defined in §31A- 1-2 of this code.

or ~~Intr~~Enr SB 561 (ii) If the bank has not established and maintained reasonable compliance with a routine described in subparagraph (i) of this paragraph or otherwise exercised due diligence, implied knowledge of the fact that would have come to the attention of an individual to whom the bank has assigned responsibility for the special deposit.

or ~~Intr~~Enr SB 561 (E) Hold margin, other cash collateral, or funds that support the orderly functioning of financial market infrastructure or the performance of an obligation with respect to the infrastructure.

~~Intr~~Enr SB 561 (1) A right or obligation relating to a deposit other than a special deposit under this article;

~~Intr~~Enr SB 561 (3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

Payment to the beneficiary making the election under this subsection discharges ~~Intr~~Enr SB 561 the bank's obligation to pay a beneficiary and does not constitute an accord and satisfaction with respect to another person obligated to the beneficiary.

and ~~Intr~~Enr SB 561 (3) Gives the bank a reasonable opportunity to act on the process.

~~Intr~~Enr SB 561 §31A-9-12.

~~Intr~~Enr SB 561 (c) A bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.

10Enr SB 561 The Clerk of the Senate and the Clerk of the House of Delegates hereby certify that the foregoing bill is correctly enrolled.

...............................................................

Clerk of the Senate ...............................................................

Clerk of the House of Delegates Originated in the Senate.

In effect 90 days from passage.

...............................................................

President of the Senate ...............................................................

Speaker of the House of Delegates __________ The within is ................................................

this the...........................................

Day of ..........................................................................................................., 2025.

.............................................................

Governor 11

Latest

WEST VIRGINIA LEGISLATURE REGULAR SESSION ~~Introduced~~ Senate Bill 561 B YSENATORS OLIVERI, QUEEN, AYLOR, WOELFEL,AND CHARNOCK ~~[Introduced~~ ~~February~~ ~~20,~~ 2025;

WEST VIRGINIA LEGISLATURE REGULAR SESSION Enrolled Senate Bill 561 B YSENATORS OLIVERI, QUEEN, AYLOR, WOELFEL,AND CHARNOCK [Passed April 11, 2025;

~~referred~~ to ~~the~~ ~~Committee~~ on ~~Banking~~ ~~and~~ ~~Insurance]~~ ~~Intr~~ SB 561 A ~~BILL~~ to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §31A-9-1, §31A-9-2, §31A-9-3, §31A-9-4, §31A-9-5, §31A-9-6, §31A-9-7, §31A-9-8, §31A-9-9, §31A-9-10, §31A-9-11, §31A-9-12, §31A-9-13, §31A-9-14, §31A-9- 15, and §31A-9-16, relating to the Uniform Special Deposits Act;

in effect 90 days from passage (July 10, 2025)] Enr SB 561 AN ACT to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §31A-9-1, §31A-9-2, §31A-9-3, §31A-9-4, §31A-9-5, §31A-9-6, §31A-9-7, §31A-9-8, §31A-9-9, §31A-9-10, §31A-9-11, §31A-9-12, §31A-9-13, §31A-9-14, §31A-9- 15, and §31A-9-16, relating to the Uniform Special Deposits Act;

~~Intr~~ SB 561 (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, trust company, and a bank as defined in §31A- 1-2 of this code.

Enr SB 561 (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, trust company, and a bank as defined in §31A- 1-2 of this code.

or ~~Intr~~ SB 561 (ii) If the bank has not established and maintained reasonable compliance with a routine described in subparagraph (i) of this paragraph or otherwise exercised due diligence, implied knowledge of the fact that would have come to the attention of an individual to whom the bank has assigned responsibility for the special deposit.

or Enr SB 561 (ii) If the bank has not established and maintained reasonable compliance with a routine described in subparagraph (i) of this paragraph or otherwise exercised due diligence, implied knowledge of the fact that would have come to the attention of an individual to whom the bank has assigned responsibility for the special deposit.

or ~~Intr~~ SB 561 (E) Hold margin, other cash collateral, or funds that support the orderly functioning of financial market infrastructure or the performance of an obligation with respect to the infrastructure.

or Enr SB 561 (E) Hold margin, other cash collateral, or funds that support the orderly functioning of financial market infrastructure or the performance of an obligation with respect to the infrastructure.

~~Intr~~ SB 561 (1) A right or obligation relating to a deposit other than a special deposit under this article;

Enr SB 561 (1) A right or obligation relating to a deposit other than a special deposit under this article;

~~Intr~~ SB 561 (3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

Enr SB 561 (3) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

Payment to the beneficiary making the election under this subsection discharges ~~Intr~~ SB 561 the bank's obligation to pay a beneficiary and does not constitute an accord and satisfaction with respect to another person obligated to the beneficiary.

Payment to the beneficiary making the election under this subsection discharges Enr SB 561 the bank's obligation to pay a beneficiary and does not constitute an accord and satisfaction with respect to another person obligated to the beneficiary.

and ~~Intr~~ SB 561 (3) Gives the bank a reasonable opportunity to act on the process.

and Enr SB 561 (3) Gives the bank a reasonable opportunity to act on the process.

~~Intr~~ SB 561 §31A-9-12.

Enr SB 561 §31A-9-12.

~~Intr~~ SB 561 (c) A bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.

Enr SB 561 (c) A bank that pays the remaining balance as provided under subsection (b) of this section has no further obligation with respect to the special deposit.

Enr SB 561 The Clerk of the Senate and the Clerk of the House of Delegates hereby certify that the foregoing bill is correctly enrolled.

...............................................................

Clerk of the Senate ...............................................................

Clerk of the House of Delegates Originated in the Senate.

In effect 90 days from passage.

...............................................................

President of the Senate ...............................................................

Speaker of the House of Delegates __________ The within is ................................................

this the...........................................

Day of ..........................................................................................................., 2025.

.............................................................

Governor 11

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View plain text versions (2)

Enrolled Enrolled Version pdf
Introduced Introduced Version Current pdf

Action History

August 08, 2025
Chapter 40, Acts, Regular Session, 2025
April 30, 2025
Approved by Governor 4/30/2025
April 17, 2025
To Governor 4/17/25
April 12, 2025
Approved by Governor 4/30/2025 - Senate Journal
April 12, 2025
To Governor 4/17/25 - Senate Journal
April 12, 2025
House Message received
April 11, 2025
Communicated to Senate
April 11, 2025
Completed legislative action
April 11, 2025
Passed House (Roll No. 509)
April 11, 2025
Read 3rd time
April 11, 2025
On 3rd reading, Special Calendar
April 10, 2025
Read 2nd time
April 10, 2025
On 2nd reading, Special Calendar
April 09, 2025
Read 1st time
April 09, 2025
Immediate consideration
April 09, 2025
Do pass
March 12, 2025
To House Finance
March 12, 2025
To Finance
March 12, 2025
Introduced in House
March 12, 2025
House received Senate message
March 11, 2025
Ordered to House
March 11, 2025
Passed Senate (Roll No. 94)
March 11, 2025
Read 3rd time
March 11, 2025
On 3rd reading
March 10, 2025
Read 2nd time
March 10, 2025
On 2nd reading
March 07, 2025
Read 1st time
March 07, 2025
On 1st reading
March 06, 2025
Reported do pass
February 20, 2025
To Banking and Insurance
February 20, 2025
Introduced in Senate
February 20, 2025
To Banking and Insurance
February 20, 2025
Filed for introduction

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 4 co-sponsors · 147 not signed on

Sponsors (1)

Mike Oliverio Republican

Co-sponsors (4)

Ben Queen Republican
Jay Taylor Republican
Mike Woelfel Democrat
Anne B. Charnock Republican

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSAGE

April 11, 2025

Passed 99 Yea · 0 Nay · 1 Other

Party	Yea	Nay	Present	Not Voting
Republican	84	0	0	1
Democrat	9	0	0	0
Unaffiliated	6	0	0	0
Total	99	0	0	1
% of votes cast	99%	0%	0%	1%

How each member voted (100)

Member	Party	Vote
Kump	—	Yea
Flanigan	—	Yea
Linville	—	Yea
Steele	—	Yea
Devault	—	Yea
Clark, T	—	Yea
Anitra Hamilton	Democrat	Yea
Evan Hansen	Democrat	Yea
Hollis Lewis	Democrat	Yea
John Williams	Democrat	Yea
Kayla Young	Democrat	Yea
Mike Pushkin	Democrat	Yea
Rick Garcia	Democrat	Yea
Sean Hornbuckle	Democrat	Yea
Shawn Fluharty	Democrat	Yea
Adam Burkhammer	Republican	Yea
Adam Vance	Republican	Yea
Andy Shamblin	Republican	Yea
Betsy Kelly	Republican	Yea
Bill Ridenour	Republican	Yea
Bob Fehrenbacher	Republican	Yea
Bryan Smith	Republican	Yea
Bryan Ward	Republican	Yea
Carl "Bill" Roop	Republican	Yea
Carl Martin	Republican	Yea
Charles Sheedy	Republican	Yea
Chris Phillips	Republican	Yea
Christopher W. Toney	Republican	Yea
Chuck Horst	Republican	Yea
Clay Riley	Republican	Yea
D. Rolland Jennings	Republican	Yea
Dana Ferrell	Republican	Yea
Dave Foggin	Republican	Yea
David Cannon	Republican	Yea
David Green	Republican	Not Voting
David McCormick	Republican	Yea
Dean Jeffries	Republican	Yea
Doug Smith	Republican	Yea
Elias Coop-Gonzalez	Republican	Yea
Eric Brooks	Republican	Yea
Erica Moore	Republican	Yea
Evan Worrell	Republican	Yea
Gary G. Howell	Republican	Yea
Geno Chiarelli	Republican	Yea
George Miller	Republican	Yea
George Street	Republican	Yea
Henry Dillon	Republican	Yea
Ian T. Masters	Republican	Yea
James Robert "JB" Akers II	Republican	Yea
Jarred Cannon	Republican	Yea
Jeff Campbell	Republican	Yea
Jeff Eldridge	Republican	Yea
Jeffrey Stephens	Republican	Yea
Jim Butler	Republican	Yea
Jimmy Willis	Republican	Yea
Joe Ellington	Republican	Yea
Joe Funkhouser	Republican	Yea
Joe Parsons	Republican	Yea
Joe Statler	Republican	Yea
John Paul Hott	Republican	Yea
Jonathan Kyle	Republican	Yea
Jonathan Pinson	Republican	Yea
Jordan Bridges	Republican	Yea
Jordan Maynor	Republican	Yea
Josh Holstein	Republican	Yea
Kathie Hess Crouse	Republican	Yea
Keith Marple	Republican	Yea
Laura Kimble	Republican	Yea
Lisa White	Republican	Yea
Lori Dittman	Republican	Yea
Margitta Mazzocchi	Republican	Yea
Mark Dean	Republican	Yea
Mark Zatezalo	Republican	Yea
Marshall W. Clay	Republican	Yea
Marty Gearheart	Republican	Yea
Matthew Rohrbach	Republican	Yea
Michael Amos	Republican	Yea
Michael Hite	Republican	Yea
Michael Hornby	Republican	Yea
Mickey Petitto	Republican	Yea
Pat McGeehan	Republican	Yea
Patrick Lucas	Republican	Yea
Phil Mallow	Republican	Yea
Ray Canterbury	Republican	Yea
Rick Hillenbrand	Republican	Yea
Roger Hanshaw	Republican	Yea
Roy Cooper	Republican	Yea
Ryan Browning	Republican	Yea
S. Chris Anders	Republican	Yea
Sarah Drennan	Republican	Yea
Scot C. Heckert	Republican	Yea
Stanley Adkins	Republican	Yea
Trenton Barnhart	Republican	Yea
Tresa Howell	Republican	Yea
Tristan Leavitt	Republican	Yea
Vacant1	Republican	Yea
Vernon Criss	Republican	Yea
Walter Hall	Republican	Yea
Wayne Clark	Republican	Yea
William Anderson	Republican	Yea

Official roll call →

Passage

March 11, 2025

Passed 33 Yea · 0 Nay · 1 Other

Party	Yea	Nay	Present	Not Voting
Republican	28	0	0	1
Unaffiliated	3	0	0	0
Democrat	2	0	0	0
Total	33	0	0	1
% of votes cast	97%	0%	0%	3%

How each member voted (34)

Member	Party	Vote
STUART	—	Yea
BOLEY	—	Yea
MR PRESIDENT	—	Yea
Joey Garcia	Democrat	Yea
Mike Woelfel	Democrat	Yea
Amy Grady	Republican	Yea
Anne B. Charnock	Republican	Yea
Ben Queen	Republican	Not Voting
Bill Hamilton	Republican	Yea
Brian Helton	Republican	Yea
Charles H. Clements	Republican	Yea
Chris Rose	Republican	Yea
Craig A. Hart	Republican	Yea
Darren Thorne	Republican	Yea
Eric Tarr	Republican	Yea
Glenn Jeffries	Republican	Yea
Jack Woodrum	Republican	Yea
Jason Barrett	Republican	Yea
Jay Taylor	Republican	Yea
Laura Wakim Chapman	Republican	Yea
Mark R. Maynard	Republican	Yea
Mike Azinger	Republican	Yea
Mike Oliverio	Republican	Yea
Patricia Rucker	Republican	Yea
Patrick Martin	Republican	Yea
Robbie Morris	Republican	Yea
Rollan A. Roberts	Republican	Yea
Rupie Phillips	Republican	Yea
Ryan Weld	Republican	Yea
Scott Fuller	Republican	Yea
T. Kevan Bartlett	Republican	Yea
Tom Takubo	Republican	Yea
Tom Willis	Republican	Yea
Vince Deeds	Republican	Yea

Official roll call →

Subjects

taxation finance

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 561?: SB 561 is sponsored by Mike Oliverio (Republican), Ben Queen (Republican), Jay Taylor (Republican), Mike Woelfel (Democrat), and Anne B. Charnock (Republican).
What is the current status of SB 561?: This bill has been enacted into law. Introduced February 20, 2025. Enacted.
Where can I track SB 561?: Track SB 561 free on One Click Politics — get push/email alerts when it moves.

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At a glance

Identifier: SB 561
Jurisdiction: West Virginia
Session: 2025 Regular Session
Type: Bill
Introduced: February 20, 2025
Status: Enacted
Prime sponsor: Mike Oliverio

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