l9n/ Oregon

2019 Regular Session

House Bill 3169

Provides that banking institutions and credit unions may organize as limited charter cannabis financial institutions.

Did not become law. It stopped in the House of Representatives's Economic Development Committee on June 30, 2019. The 2019 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Provides that banking institutions and credit unions may organize as limited charter cannabis financial institutions. Requires limited charter cannabis financial institutions to adopt policies and practices allowing them to comply with certain federal law. Prohibits such institutions from transacting business with financial institutions other than limited charter cannabis financial institutions. Prohibits limited charter cannabis financial institutions from offering checking services other than issuance of special purpose checks that may be used only for specified purposes. Prohibits limited charter cannabis financial institutions from investing assets except for certain specified investments. Requires Director of Department of Consumer and Business Services to adopt rules to carry out provisions of Act and to ensure safe and sound operation of limited charter cannabis financial institutions. Authorizes director to limit powers of such institutions.

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

2 co-sponsors

Ken Helm, Julie Fahey

Its course

February 28 to June 30, 2019, 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 action4 actions on 4 days

In the House of RepresentativesFeb 28 to Jun 30 · stopped122 days

Waiting for a committeeFeb 28 to Mar 55 days

Economic DevelopmentMar 5 to Jun 30 · stopped117 days

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 28 – Jun 30

  1. Feb 28Introduced
  2. Mar 5Sent to Economic Development
  3. Mar 25Heard in Economic Development
  4. Jun 30Died when the session ended
All 4 actions, as published
  1. Feb 28First reading. Referred to Speaker's desk.House of Representatives
  2. Mar 5Referred to Economic Development with subsequent referral to Revenue.House of Representatives
  3. Mar 25Public Hearing held.House of Representatives
  4. Jun 30In committee upon adjournment.House of Representatives