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HR 83

Commending Edward Joseph Face.

2026 Regular Session Introduced by Jason Ballard and 48 co-sponsors

Honors Edward Face for 46 years shaping Virginia banking regulation, consumer protection, and interagency collaboration, with best wishes for retirement.

Bill text as passed House (HR83ER)
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WeVote Research Nonpartisan
Bill Summary · HR 83

Summary of House Resolution 83 (2026) — Virginia

Purpose

  • HR 83 commends Edward Joseph Face on the occasion of his retirement from the Virginia State Corporation Commission’s Bureau of Financial Institutions, honoring his 46 years of public service, including 28 years as commissioner.

Key Provisions and Provisions Changes

  • The resolution:
    • Publicly recognizes and commends Edward Joseph Face for his career and contributions.
    • Notes his leadership and impact on consumer protection, regulation, and coordination within Virginia’s banking and financial regulatory framework.
    • Highlights his roles in promoting the dual banking system and cross-agency collaboration, including service as chair of the Conference of State Banking Supervisors (2006–2007) and involvement with groups such as the FFIEC Bank Secrecy Act Advisory Group.
    • Acknowledges his foundational work with the American Association of Residential Mortgage Regulators and the Nationwide Multistate Licensing System for mortgage originators.
    • Regards him as the longest-serving commissioner in the agency’s history and emphasizes his influence on Virginia consumers and the Commonwealth’s banking community.

Who/What Is Affected

  • Individual: Edward Joseph Face (retirement from the Bureau of Financial Institutions, State Corporation Commission).
  • The Virginia banking and financial regulatory community is recognized for his contributions; no new regulatory authority, powers, or funding are created or altered by this resolution.

Procedural and Timeline Aspects

  • Introduction and Consideration:
    • Introduced and presented February 6, 2026. Resolution was taken up for immediate consideration on February 9, 2026. Engrossed and agreed to by the House by voice vote on February 9, 2026. Passed the House on February 9, 2026 (HR83ER indicates the engrossed/engrossed version).
  • Final Action:
    • The resolution proposes the Clerk of the House to prepare a copy for presentation to Edward Face as an expression of admiration, gratitude, and best wishes for retirement.

Notable Details

  • The resolution enumerates Face’s career milestones, including:
    • Examining banks, thrifts, and credit unions starting in 1979.
    • Promotion to deputy commissioner in 1993 and commissioner in 1997.
    • Oversight of more than 35,000 financial institutions across various sectors (state-chartered banks, savings institutions, credit unions, trust companies, consumer finance, mortgage lenders/brokers).
  • It emphasizes his role in consumer protection, stability of deposits, and interagency/regulatory collaboration at both state and national levels.

Bottom Line

  • HR 83 is a formal, ceremonial resolution honoring a long-serving Virginia regulator, acknowledging his contributions to consumer protection, banking regulation, and interagency collaboration, and extending best wishes for a fulfilling retirement. No policy changes or fiscal implications are attached.

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

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