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Oregon Legislature · HB 2971 · Chaptered (Chapter 96)

Modifies the allowable investments for certain financial institutions.

Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.

Officially: “Modifies the allowable investments for certain financial institutions.” Read the full text

2025R1 session

What it does

Digest: The Act changes how certain banks can invest money. The Act changes how public depositories compute their net worth. (Flesch Readability Score: 63.6). Modifies the allowable investments for certain financial institutions. Modifies the method of calculating the net worth of qualified depositories.
From the official legislative record, shown verbatim. Not legal advice.

Where it is

Show all 19 actions
First reading. Referred to Speaker's desk. · Jan 13, 2025

House

Referred to Commerce and Consumer Protection. · Jan 17, 2025

House

Public Hearing held. · Mar 27, 2025

House

Work Session held. · Apr 3, 2025

House

Recommendation: Do pass with amendments and be printed A-Engrossed. · Apr 9, 2025

House

Second reading. · Apr 10, 2025

House

Third reading. Carried by Gomberg. Passed. · Apr 14, 2025

House

First reading. Referred to President's desk. · Apr 15, 2025

Senate

Referred to Labor and Business. · Apr 15, 2025

Senate

Public Hearing held. · Apr 24, 2025

Senate

Work Session held. · Apr 29, 2025

Senate

Recommendation: Do pass the A-Eng. bill. · May 6, 2025

Senate

Second reading. · May 6, 2025

Senate

Carried over to 05-08 by unanimous consent. · May 7, 2025

Senate

Third reading. Carried by Taylor. Passed. · May 8, 2025

Senate

Speaker signed. · May 9, 2025

House

President signed. · May 12, 2025

Senate

Governor signed. · May 19, 2025

House

Chapter 96, (2025 Laws): Effective date January 1, 2026. · Jun 11, 2025

House

The numbers

1
sponsor on the bill

Sponsors

David Gomberg

Recorded votes

Third reading. Carried by Taylor. Passed.Senate · 2025-05-08 · Aye 26, Excused 3
Recorded voteSenate · 2025-04-29 · Aye 5
Third reading. Carried by Gomberg. Passed.House · 2025-04-14 · Aye 55, Excused 4, Excused for Business 1
Recorded voteHouse · 2025-04-03 · Excused 1, Aye 9
Roll-call results shown verbatim from the Oregon legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Chapter 96, (2025 Laws): Effective date January 1, 2026. (Jun 11, 2025).