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
Chaptered (Chapter 48) (latest official status) · May 14, 2025
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
0
sponsors on the bill
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: Chaptered (Chapter 48) · effective Jan 1, 2026.