Commending Edward Joseph Face.
Senate Resolution 37 is a ceremonial resolution commending Edward Joseph Face upon his retirement from the Virginia State Corporation Commission’s Bureau of Financial Institutions. The resolution recognizes his 46 years of service to the Commonwealth, including 28 years as commissioner, and recounts his career progression from examiner to deputy commissioner to commissioner. It highlights his long tenure and the historical context of his early work in an era of manual banking examinations.
The resolution also praises Face’s leadership in regulating and supervising Virginia’s financial institutions, including banks, credit unions, trust companies, consumer finance companies, and mortgage lenders and brokers. It credits him with advancing consumer protection, supporting the dual banking system, and helping coordinate state and federal banking oversight. The resolution further notes his role in founding the American Association of Residential Mortgage Regulators and his contribution to the creation of the Nationwide Multi-State Licensing System for mortgage originators.
SR37 does not change Virginia law or create new regulatory requirements. Instead, it is a formal expression of appreciation by the Senate and directs the Clerk to present a copy of the resolution to Face. Its practical effect is symbolic, honoring a longtime public servant and acknowledging his influence on financial regulation and consumer protection in the Commonwealth.
The general sentiment surrounding the resolution is strongly positive and respectful. The Senate unanimously or near-unanimously agreed to the measure, and the text itself is laudatory throughout, emphasizing Face’s reliability, leadership, and service to Virginia consumers and the banking community. Because the resolution is commemorative rather than substantive, there is no evident policy dispute in the available record.
There is little to no contention associated with SR37. The only potentially notable themes are the resolution’s praise for state banking regulation, mortgage oversight, and the dual banking system, but these are presented as accomplishments rather than debated issues. No committee debate or opposing votes are provided, and the bill appears to have moved as a noncontroversial honorary resolution.
SR37 has no direct impact on Virginia statutes, agency powers, or regulated parties. It is a commemorative Senate resolution that formally recognizes Edward Joseph Face’s retirement and service, and its only operative provision is to direct the Clerk of the Senate to prepare a copy for presentation. The resolution may have symbolic significance for the State Corporation Commission, the Bureau of Financial Institutions, and the state banking community, but it does not amend or enact law.
The sentiment is overwhelmingly favorable. The resolution is written in praise of Face’s long public service, leadership in financial regulation, and contributions to consumer protection and banking supervision. The available voting history shows passage by the Senate without any recorded opposition, and there are no committee transcripts indicating controversy or disagreement.
There is no meaningful contention reflected in the bill text or available legislative history. Because SR37 is a commendation resolution, it does not raise policy questions or fiscal concerns. Any references to banking regulation, mortgage licensing, or consumer protection are celebratory and descriptive rather than disputed, and no lawmakers are shown taking opposing positions.