Oregon Legislative Update: First Deadline in Oregon Capitol Reached

The Oregon Legislature last week hit its first critical deadline, marking the halfway point of the 78th legislative session. As of April 22nd, 1,070 bills have been introduced in the Senate and 1,683 bills in the House. 

Several bills are considered “dead” because they didn’t pass out of committee and were not moved to a committee that remains open.  The NWCUA-priority bills affecting credit unions have already passed their houses of origin and will continue through the legislative process.

The bills the NWCUA was tracking that are now considered dead include:

  • HB2221 – Modifies laws regarding powers of attorney.
  • HB2542 – Includes accrued paid vacation and personal business leave in definition of “compensation” for purposes of wage claims.
  • HB2580 – Prohibits merchant from requiring statement of account as condition for cardholder to obtain refund of amount in payment card transaction.
  • HB2646 – Makes failure of employer to grant employee unpaid parental leave to attend certain school-related activities unlawful employment practice.
  • HB2663 – Requires financial institutions to permit individual convicted of crime to access banking and financial services.
  • HB2780 – Provides that escrow agent or other person that engages in real estate closing escrow may not accept funds, property or documents if principal to real estate closing escrow is 65 years of age or older and selling price of property is more than 20 percent below appraised or assessed value and if escrow agent or other person reasonably believes that principal does not understand nature or terms of transaction.
  • HB2909 – Prohibits person from sending to consumer check, draft, payment instrument or other negotiable instrument that is with, part of or related to solicitation for or offer of credit or loan, unless the consumer previously requested or consented to receive check, draft, payment instrument or other negotiable instrument.
  • HB3238 – Directs Department of Justice to study and report on barriers to extending credit to marijuana operations that are not criminal under state law.
  • SB15 – Provides that court may not issue warrant or impose sanction of confinement for contempt that results from defendant’s failure to comply with judgment debtor examination or written interrogatories.
  • SB276 – Applies licensing requirements and other obligations on buy-here-pay-here lenders that are similar to requirements to which payday lenders and title lenders are subject.

You can stay connected with the issues that are most important to you by using Oregon Legislative Information System (OLIS), a new bill-tracking system available online. OLIS provides up-to-date information on every bill and legislative committee, even testimony presented by citizens. To access OLIS, go to www.leg.state.or.us or simply type “Oregon Legislature” into your online search engine.

Retirement Bill

Senator Beyer, Eugene, who Chairs the Senate Business and Transportation Committee is working to pass a retirement savings bill. 

The Senator said of the bill: “We are working to pass legislation that will secure retirement savings for the many working Oregonians who currently lack access to retirement plans through their workplace. Half of Oregonians have less than $25,000 in retirement savings and 460,000 Oregonians lack access to any saving mechanism. Many small business owners want to provide retirement savings to their employees as a benefit in order to attract highly skilled workers. Unfortunately, many small businesses can’t afford it. When savings programs are available to employees, 75% participate compared to the 4.5% that save for retirement without a savings program. House Bill 2960 would establish the Oregon Retirement Savings Board, which would develop and make available a retirement savings plan for all Oregonians lacking access to a plan at their workplace.”

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

 

Posted in Advocacy News.