l9n/ Oregon

2013 Regular Session

Senate Bill 520

Changes amount of credit union assets that require credit union to obtain fidelity bond or irrevocable letter of credit from financial institution and amount of fidelity bond or irrevocable letter of credit required.

Became law as Chapter 480, Oregon Laws 2013, signed June 24, 2013, 132 days after it was filed. In force from January 1, 2014.

What it does

The synopsis the Legislative Assembly published with the bill.

Changes amount of credit union assets that require credit union to obtain fidelity bond or irrevocable letter of credit from financial institution and amount of fidelity bond or irrevocable letter of credit required. Provides that state credit union has powers and authorities of federal credit union, subject to certain findings of Director of Department of Consumer and Business Services. <b>Requires credit union to notify director at least 45 days before exercising power.</b> Removes power of board of directors of credit union to exercise certain functions. Increases aggregate limit on amount of loan that credit union may make to credit union member. Specifies limitations on liability of credit union director or officer under particular circumstances.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

    1 co-sponsor

    SGGCP

    Its course

    February 12 to July 2, 2013, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action27 actions on 26 days

    In the SenateFeb 12 to Apr 1562 days

    Waiting for a committeeFeb 12 to Feb 186 days

    General Government, Consumer and Small Business ProtectionFeb 18 to Apr 1051 days

    In the House of RepresentativesApr 15 to Jun 1258 days

    Waiting for a committeeApr 15 to Apr 238 days

    Business and LaborApr 23 to May 2431 days

    With the GovernorJun 12 to Jun 2412 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • Senate, third reading29–0

      Passed · Apr 15 · 1 present

    • House of Representatives, third reading59–0

      Passed · Jun 12 · 1 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Apr 10

    Text

    Each version as the Legislative Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

    In the Senate Feb 12 – Apr 15

    1. Feb 12Introduced
    2. Feb 18Sent to General Government, Consumer and Small Business Protection
    3. Mar 20Heard in General Government, Consumer and Small Business Protection
    4. Apr 5Heard in General Government, Consumer and Small Business Protection
    5. Apr 10General Government, Consumer and Small Business Protection recommended it as amended
    6. Apr 11Read a second time
    7. Apr 15Passed the Senate, 29 to 0

    In the House of Representatives Apr 16 – Jun 12

    1. Apr 16Arrived in the House of Representatives
    2. Apr 23Sent to Business and Labor
    3. May 20Heard in Business and Labor
    4. May 22Heard in Business and Labor
    5. May 24Business and Labor recommended it
    6. May 28Read a second time
    7. Jun 12Passed the House of Representatives, 59 to 0

    To the Governor Jun 17 – Jul 2

    1. Jun 17Signed in the Senate
    2. Jun 18Signed in the House of Representatives
    3. Jun 24Signed by the Governor
    4. Jul 2Became chapter 480 of Oregon Laws 2013
    5. In force from January 1, 2014
    All 27 actions, as published
    1. Feb 12Introduction and first reading. Referred to President's desk.Senate
    2. Feb 18Referred to General Government, Consumer and Small Business Protection.Senate
    3. Mar 20Public Hearing held.Senate
    4. Apr 5Work Session held.Senate
    5. Apr 10Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    6. Apr 11Second reading.Senate
    7. Apr 15Third reading. Carried by Baertschiger. Passed.Senate
    8. Apr 16First reading. Referred to Speaker's desk.House of Representatives
    9. Apr 23Referred to Business and Labor.House of Representatives
    10. May 20Public Hearing held.House of Representatives
    11. May 22Work Session held.House of Representatives
    12. May 24Recommendation: Do pass.House of Representatives
    13. May 28Second reading.House of Representatives
    14. May 29Rules suspended. Carried over to May 30, 2013 Calendar.House of Representatives
    15. May 30Rules suspended. Carried over to June 3, 2013 Calendar.House of Representatives
    16. Jun 3Rules suspended. Carried over to June 4, 2013 Calendar.House of Representatives
    17. Jun 4Rules suspended. Carried over to June 5, 2013 Calendar.House of Representatives
    18. Jun 5Rules suspended. Carried over to June 6, 2013 Calendar.House of Representatives
    19. Jun 6Rules suspended. Carried over to June 10, 2013 Calendar.House of Representatives
    20. Jun 10Rules suspended. Carried over to June 11, 2013 Calendar.House of Representatives
    21. Jun 11Rules suspended. Carried over to June 12, 2013 Calendar.House of Representatives
    22. Jun 12Third reading. Carried by Kennemer. Passed.House of Representatives
    23. Jun 17President signed.Senate
    24. Jun 18Speaker signed.House of Representatives
    25. Jun 24Governor signed.Senate
    26. Jul 2Chapter 480, 2013 Laws.Senate
    27. Jul 2Effective date, January 1, 2014.Senate