l9n/ Oregon

2018 Regular Session

House Bill 4159

Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may elect to have moneys in member's individual accounts deposited into approved investment option.

Became law as Chapter 118, Oregon Laws 2018, signed April 13, 2018, 64 days after it was filed. In force from April 13, 2018.

What it does

The synopsis the Legislative Assembly published with the bill.

Directs Public Employees Retirement Board to adopt rules providing that, if Oregon Investment Council invests assets of individual account program in multiple risk categories depending on characteristics of individual member, member of individual account program may <i>direct investment of individual accounts in any risk category or with other assets of Public Employees Retirement Fund</i>]<b> elect to have moneys in member's individual accounts deposited into approved investment option</b>. <b>Directs office of State Treasurer to review legal and fiduciary standards. Provides that if office of State Treasurer determines that standards prohibit implementation of Act, board may not adopt rules to implement Act.</b> Declares emergency, effective on passage.

Sponsors

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

In the House of Representatives

    1 co-sponsor

    HRULES

    In the Senate

      1 co-sponsor

      Betsy Johnson

      Its course

      February 8 to April 18, 2018, 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 action22 actions on 13 days

      In the House of RepresentativesFeb 8 to Mar 121 days

      Waiting for a committeeFeb 8 to Feb 80 days

      Business and LaborFeb 8 to Feb 157 days

      Ways and MeansFeb 15 to Feb 19 · moved on4 days

      General GovernmentFeb 19 to Feb 26 · moved on7 days

      Ways and MeansFeb 26 to Mar 13 days

      In the SenateMar 1 to Mar 21 day

      Waiting for a committeeMar 1 to Mar 10 days

      Ways and MeansMar 1 to Mar 21 day

      With the GovernorMar 2 to Apr 1342 days

      Votes

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

      • House of Representatives, third reading59–0

        Passed · Mar 1 · 1 present

      • Senate, third reading27–0

        Passed · Mar 2 · 3 present

      Amendments

      Each amendment offered, and what became of it.

      • House of Representatives committee amendmentAdopted

        Adopted Feb 15

      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 House of Representatives Feb 8 – Mar 1

      1. Feb 8Introduced
      2. Sent to Business and Labor
      3. Feb 12Heard in Business and Labor
      4. Feb 14Heard in Business and Labor
      5. Feb 15Business and Labor recommended it as amended, and that it go to Ways and Means
      6. Sent to Ways and Means
      7. Feb 19Sent to General Government Subcommittee
      8. Feb 26Heard in General Government Subcommittee
      9. Returned to Ways and Means
      10. Feb 28Heard in Ways and Means
      11. Mar 1Ways and Means recommended it
      12. Read a second time
      13. Passed the House of Representatives, 59 to 0

      In the Senate Mar 1 – Mar 2

      1. Mar 1Arrived in the Senate
      2. Sent to Ways and Means
      3. Mar 2Ways and Means recommended it
      4. Read a second time
      5. Passed the Senate, 27 to 0

      To the Governor Mar 6 – Apr 18

      1. Mar 6Signed in the House of Representatives
      2. Mar 8Signed in the Senate
      3. Apr 13Signed by the Governor
      4. Apr 18Became chapter 118 of Oregon Laws 2018, in force from April 13, 2018
      All 22 actions, as published
      1. Feb 8First reading. Referred to Speaker's desk.House of Representatives
      2. Feb 8Referred to Business and Labor.House of Representatives
      3. Feb 12Public Hearing held.House of Representatives
      4. Feb 14Work Session held.House of Representatives
      5. Feb 15Recommendation: Do pass with amendments, be printed A-Eng and be referred to Ways and Means.House of Representatives
      6. Feb 15Referred to Ways and Means by order of Speaker.House of Representatives
      7. Feb 19Assigned to Subcommittee On General Government.House of Representatives
      8. Feb 26Work Session held.House of Representatives
      9. Feb 26Returned to Full Committee.House of Representatives
      10. Feb 28Work Session held.House of Representatives
      11. Mar 1Recommendation: Do pass.House of Representatives
      12. Mar 1Second reading.House of Representatives
      13. Mar 1Rules suspended. Third reading. Carried by Williamson. Passed.House of Representatives
      14. Mar 1First reading. Referred to President's desk.Senate
      15. Mar 1Referred to Ways and Means.Senate
      16. Mar 2Recommendation: Do pass the A-Eng. bill.Senate
      17. Mar 2Second reading.Senate
      18. Mar 2Rules suspended. Third reading. Carried by Manning Jr. Passed.Senate
      19. Mar 6Speaker signed.House of Representatives
      20. Mar 8President signed.Senate
      21. Apr 13Governor signed.House of Representatives
      22. Apr 18Chapter 118, (2018 Laws): Effective date April 13, 2018.House of Representatives