Oregon Legislature Adjourns

The Oregon legislature adjourned Monday after a session that had lawmakers working over the July 4 holiday weekend in order to beat the July 13 constitutional deadline for “Sine Die.”

In the past week, the House and Senate approved at least half-dozen final bills, including a budget reconciliation measure. The legislature did not reach a “grand deal” on corporate tax increases. All bills that did not pass out of committee officially died, and would have to be reintroduced in a future session.

As is tradition, the Senate President and Speaker of the House, simultaneously gaveled the session to a close. The session ended on its 154th day.

“We got the people’s work done,” said Sen. Peter Courtney in a written statement. “We finished on time. We balanced the budget. We made a record investment in our schools. We had our victories. We suffered some defeats. We represented the people well.”

Courtney was most pleased with the largest funding increase for K-12 schools in history—$6.55 billion in the 2013-2015 biennium. Combined with $200 million in savings and the Public Employees Retirement System (PERS), K-12 schools will have $6.75 billion in resources.

The 2013 session will be considered one of the most successful in history for credit unions.

Details of successes include:

SB520 – Moving the Charter Forward

Oregon Governor John Kitzhaber signed SB520, a bill to update the Oregon Credit Union Act on June 24, 2013. The Northwest Credit Union Association (NWCUA) backed bill was the result of recommendations by the Oregon State Model Act Subcommittee, chaired by Scott Burgess, president/CEO of Rivermark Community Credit Union and will make several changes to the Oregon Credit Union Act. The Act will take effect January 1, 2014.

Protecting Consumer Choice and Preserving the Credit Union Charter

This legislative session the Oregon Bankers Association put together a targeted anti-credit union effort, based on the work done by an anti-credit union task force established last summer. The bank lobby supported three anti-credit union bills in the Oregon Legislature (HB2484, 2485, and 2486) aimed at taxing many credit unions and implementing new burdensome regulations. Not one of their bills received a hearing in the Oregon Legislature even after some editorials called for at least a hearing.

“The Northwest Credit Union Association would like to thank all of our advocates for their tireless work this legislative session,” said Pamela Leavitt, NWCUA policy advisor for Oregon advocacy and grassroots.

The Oregon Legislature will convene in February, 2014, for a short, 35-day session.

 

Questions? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

Posted in Advocacy News.