l9n/ Oregon

2019 Regular Session

Senate Bill 361

Modifies prudent investor rule to allow trustee to consider settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, environmental, governance or other values or beliefs, and beneficiaries' financial needs, when making investment decisions.

Became law as Chapter 546, Oregon Laws 2019, signed July 15, 2019, 182 days after it was filed. In force from January 1, 2020.

What it does

The synopsis the Legislative Assembly published with the bill.

Modifies prudent investor rule to allow trustee to consider<b> settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, </b>environmental, <i>social and</i>] governance <i>factors of investments</i>] <b>or other values or beliefs, and beneficiaries' financial needs,</b> when making investment decisions.

Its course

January 14 to July 23, 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 action22 actions on 19 days

In the SenateJan 14 to May 29135 days

Waiting for a committeeJan 14 to Jan 162 days

JudiciaryJan 16 to Apr 579 days

RulesApr 5 to May 2853 days

In the House of RepresentativesMay 29 to Jun 1820 days

Waiting for a committeeMay 29 to Jun 46 days

RulesJun 4 to Jun 1410 days

With the GovernorJun 18 to Jul 1527 days

Votes

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

  • Senate, third reading18–10

    Passed · May 29 · 2 present

  • House of Representatives, third reading44–14

    Passed · Jun 18 · 2 present

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Apr 5

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 Jan 14 – May 29

  1. Jan 14Introduced
  2. Jan 16Sent to Judiciary
  3. Feb 4Heard in Judiciary
  4. Mar 26Heard in Judiciary
  5. Apr 5Judiciary recommended it as amended
  6. Sent to Rules
  7. May 22Heard in Rules
  8. May 28Rules recommended it
  9. Read a second time
  10. May 29Passed the Senate, 18 to 10

In the House of Representatives May 30 – Jun 18

  1. May 30Arrived in the House of Representatives
  2. Jun 4Sent to Rules
  3. Jun 10Heard in Rules
  4. Jun 13Heard in Rules
  5. Jun 14Rules recommended it
  6. Jun 17Read a second time
  7. Jun 18Passed the House of Representatives, 44 to 14

To the Governor Jun 24 – Jul 23

  1. Jun 24Signed in the Senate
  2. Jun 25Signed in the House of Representatives
  3. Jul 15Signed by the Governor
  4. Jul 23Became chapter 546 of Oregon Laws 2019
  5. In force from January 1, 2020
All 22 actions, as published
  1. Jan 14Introduction and first reading. Referred to President's desk.Senate
  2. Jan 16Referred to Judiciary.Senate
  3. Feb 4Public Hearing held.Senate
  4. Mar 26Work Session held.Senate
  5. Apr 5Recommendation: Do Pass with amendments. (Printed A-Eng.)Senate
  6. Apr 5Referred to Rules by order of the President.Senate
  7. May 22Public Hearing and Work Session held.Senate
  8. May 28Recommendation: Do pass the A-Eng. bill.Senate
  9. May 28Second reading.Senate
  10. May 29Third reading. Carried by Burdick. Passed.Senate
  11. May 30First reading. Referred to Speaker's desk.House of Representatives
  12. Jun 4Referred to Rules.House of Representatives
  13. Jun 10Public Hearing held.House of Representatives
  14. Jun 13Work Session held.House of Representatives
  15. Jun 14Recommendation: Do pass.House of Representatives
  16. Jun 17Second reading.House of Representatives
  17. Jun 18Third reading. Carried by Smith Warner. Passed.House of Representatives
  18. Jun 24President signed.Senate
  19. Jun 25Speaker signed.House of Representatives
  20. Jul 15Governor signed.Senate
  21. Jul 23Chapter 546, 2019 Laws.Senate
  22. Jul 23Effective date, January 1, 2020.Senate