Oregon Legislative Update

The 2016 Regular Session of the 78th Oregon Legislative Assembly convened today. This session is the ‘short session’ of the 78th Oregon Legislative Assembly. The Oregon State Legislature web site explains “Regular sessions convene each February and may last 160 days in odd-numbered years and 35 days in even-numbered years.” This ‘short session’ will end on March 5, 2016, or sooner. Prior to Measure 71 which passed in 2010, the Oregon Legislature met every two yearsexcept when special sessions were called.

The biggest topic on the table for discussion is an increase in the minimum wage. The Governor hopes to pass legislation in the short session that she hopes will stop potential ballot measures. The Governor is proposing a two-tier system, where minimum wage would be 15 percent higher in the Portland metropolitan area. Outside of Portland’s urban growth boundary, minimum wage would be raised to $10.25 in 2017 and increase to $13.50 by 2022. In Portland the 2017 wage would be $11.79, increasing to $15.52 by 2022. After 2022, increases would again be tied to changes in the Consumer Price Index. 

Feb 1 – First day of 2016 session
Feb 5 – First chamber deadline to post work sessions
Feb 11 – First chamber policy deadline
Feb 18 – Second chamber deadline to post work sessions
Feb 23 – Second chamber policy deadline
Mar 6 – Constitutionally mandated last day of 2016 Legislative Session

The Northwest Credit Union Association has several bills on their tracking list they will be monitoring, supporting or opposing during the legislative session. Examples are:

HB4013 – Authorizes county governing body to establish multidisciplinary elderly or vulnerable person fatality review team to assist local organizations and agencies in identifying and reviewing fatalities involving abuse or neglect of elderly or vulnerable persons. HB4020 – Provides that Oregon Growth Board, in accordance with rules adopted by board, may require that management company or state agency under contract with board invest certain amount in Oregon.

HB4021 – Requires State Treasurer to conduct study to assess viability of establishing student loan refinancing program within office of State Treasurer.

HB4094 – Exempts financial institutions that provide financial services to marijuana related businesses, researchers and laboratories from any criminal law of this state that has element that may be proven by substantiating that person provides financial services to person who lawfully possesses, delivers or manufactures marijuana or marijuana derived products. Directs Oregon Liquor Control Commission and Oregon Health Authority to provide financial institutions with information related to licensed or registered marijuana related businesses, researchers and laboratories upon re- quest. Directs Department of Consumer and Business Services to study and report on any legislation or administrative action required to facilitate financing of businesses that engage in production, processing or sale of marijuana and marijuana derived products.

HB4131 – Requires financial institutions to develop data match agreements with Department of Revenue to identify assets held at financial institutions by delinquent debtors. Creates crime of misusing information shared pursuant to data match agreements. Punishes by maximum of five years’ imprisonment, $125,000 fine, or both. Authorizes Division of Child Support of Department of Justice to enter agreements to share information relating to hiring of individuals in this state with other divisions of department or with Department of Revenue.

SB1554 – Enacts Revised Uniform Fiduciary Access to Digital Assets Act (2015). Authorizes certain fiduciaries to access electronic communications and digital assets of certain persons or decedents. Sets forth procedures for obtaining access and control of digital assets. Sets forth responsibilities of custodian of digital assets.

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

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