Removes the annual cap on matching funds that an individual development account holder may accrue.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “Removes the annual cap on matching funds that an individual development account holder may accrue.” Read the full text
2025R1 session
What it does
Digest: The Act removes the annual cap on matching funds for IDA holders and creates a cap on total matching funds. (Flesch Readability Score: 71.2). Removes the annual cap on matching funds that an individual development account holder may accrue. Establishes a cap on total matching funds that the account holder may accrue. [<i>Provides for the modification of the cap to account for effects of inflation.</i>].
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 20 actions
Introduction and first reading. Referred to President's desk. · Jan 13, 2025
Senate
Referred to Human Services. · Jan 17, 2025
Senate
Public Hearing held. · Feb 4, 2025
Senate
Work Session held. · Feb 18, 2025
Senate
Recommendation: Do pass with amendments. (Printed A-Eng.) · Feb 24, 2025
Senate
Second reading. · Feb 25, 2025
Senate
Third reading. Carried by Weber. Passed. · Feb 27, 2025
Senate
First reading. Referred to Speaker's desk. · Mar 4, 2025
House
Referred to Early Childhood and Human Services. · Mar 10, 2025
House
Public Hearing held. · Apr 15, 2025
House
Work Session held. · Apr 24, 2025
House
Recommendation: Do pass. · Apr 25, 2025
House
Second reading. · Apr 28, 2025
House
Potential conflict(s) of interest declared by Hartman. · Apr 29, 2025
House
Third reading. Carried by Ruiz. Passed. · Apr 29, 2025
House
President signed. · Apr 30, 2025
Senate
Speaker signed. · May 1, 2025
House
Governor signed. · May 8, 2025
Senate
Chapter 48, 2025 Laws. · May 14, 2025
Senate
Effective date, January 1, 2026. · May 14, 2025
Senate
The numbers
12
sponsors on the bill
Sponsors
Suzanne WeberRicki RuizDeb PattersonJaneen SollmanBobby LevyVirgle OsborneBoomer WrightCedric HaydenAnnessa HartmanCyrus JavadiHoa NguyenNathan Sosa
Recorded votes
Third reading. Carried by Ruiz. Passed.House · 2025-04-29 · Aye 54, Excused 5, Excused for Business 1
Recorded voteHouse · 2025-04-24 · Aye 7, Excused 2
Third reading. Carried by Weber. Passed.Senate · 2025-02-27 · Aye 30
Recorded voteSenate · 2025-02-18 · Aye 4, Excused 1
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: Effective date, January 1, 2026. (May 14, 2025).