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HR 2049

Celebrating the life of Wallace B. Millner III.

2026, 1st Special Session Introduced by Betsy Carr and 4 co-sponsors

Virginia House resolution honors Wallace B. Millner III for his impact in finance and the arts, memorializing his life and contributions.

Bill text as passed House (HR2049ER)
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Bill Summary · HR 2049

Summary of Bill HR 2049 (2026 Special Session I, Virginia)

Title

Celebrating the life of Wallace B. Millner III

Purpose and Intent

  • This bill is a House of Delegates resolution to publicly honor and memorialize Wallace B. Millner III, highlighting his achievements in banking, his service in the United States Army, and his work as a sculptor and arts advocate in the Richmond, Virginia area.
  • The resolution publicly expresses the House’s sadness at his passing and extends respect for his contributions to finance, nonprofit leadership, and the arts.

Key Provisions

  • The resolution documents Millner’s biography and notable accomplishments, including:
    • Professional career in finance and investing, including leadership roles such as vice chair of Signet Bank (1997) and involvement in the spin-off that led to Capital One Financial Corporation.
    • Founding director of MCG Capital Corporation in Arlington.
    • Leadership and engagement with professional and trade organizations (Richmond Society of Financial Analysts, Financial Analysts Federation, Association for Investment Management and Research, Bankers Roundtable).
    • Post-retirement career as a sculptor and artist, producing bronze sculptures and photorealistic paintings; exhibitions in Richmond, New York City, Maine, Mississippi, and the British West Indies.
    • Arts leadership roles: president of the Richmond Symphony, chair of the Richmond Symphony Foundation, and service as a director for the Virginia Museum of Fine Arts Foundation, 1708 Gallery, and the Virginia Center for the Creative Arts.
    • Volunteer and philanthropic involvement with nonprofit organizations.
    • Strong ties to Davidson College, including service on its Board of Visitors and Board of Trustees.
  • Personal details included:
    • Passed away on March 31, 2026.
    • Born in North Carolina; spent part of youth in Turkey; military service in Turkey near Ankara; recipient of the Army Commendation Medal.
    • Education: Davidson College (undergraduate) and an MBA from the University of North Carolina.
    • Family: survived by wife Tina (nearly 17 years of marriage), two sons (Wallace and Christopher) and their families, two stepsons (Gordon and Burke) and their families, and other relatives and colleagues.

Who is Affected

  • The primary effect is ceremonial: recognition by the Virginia House of Delegates.
  • The bill serves as an official expression of respect and remembrance for Millner’s legacy in finance, the arts, and civic leadership.
  • No regulatory, fiscal, or policy changes are enacted; the resolution has symbolic and commemorative value.

Procedural and Timeline Details

  • Session: 2026 Special Session I.
  • Prefiled and introduced on April 23, 2026.
  • Offered as House Resolution No. 2049 (HR 2049).
  • Sponsored (primary) by additional co-sponsor Betsy Carr.
  • No fiscal impact or implementation timeline is present; the resolution is a formal recognition to be presented to Millner’s family.

Bottom Line

HR 2049 is a ceremonial House of Delegates resolution honoring Wallace B. Millner III for his dual impact as a financier and as a noted artist and arts leader in Virginia. It memorializes his life, career, and community contributions and conveys the legislature’s condolences to his family.

Compiled from official sources — confirm details with the bill’s official record.

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