l9n/ Oregon

2021 Regular Session

House Bill 2266

Creates program through which certain lenders may, after competitive RFP process, receive award moneys to fund accounts out of which lenders may be reimbursed for principal losses incurred due to defaults on qualified loans to qualified businesses.

Became law as Chapter 676, Oregon Laws 2021, signed August 6, 2021, 207 days after it was filed. In force from August 6, 2021.

What it does

The synopsis the Legislative Assembly published with the bill.

Creates program through which certain lenders may, after competitive RFP process, receive award moneys to fund accounts out of which lenders may be reimbursed for principal losses incurred due to defaults on qualified loans to qualified businesses. Requires lender accepting award to enter into written agreement with Oregon Business Development Department and specifies certain terms of agreements. Sets forth circumstances in which lender may use for any purpose, or be required to repay, balance of award moneys. Requires department to develop and implement program to make loans to certain for-profit disadvantaged and emerging small businesses certified by Certification Office for Business Inclusion and Diversity. Sets forth loan requirements regarding maximum principal amount and term, loan documentation, collateral and use of proceeds. Requires business owner interested in applying for loan to seek assistance from technical assistance provider regarding application form and documentation and authorizes technical assistance provider to decide whether to refer application to department for approval or rejection. Establishes Disadvantaged and Emerging Small Business Loan Fund for making loans under program. 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

12 co-sponsors

Mark Meek, David Gomberg, Rachel Prusak, Janeen Sollman, Janelle Bynum, Anna Williams, Jason Kropf, Dacia Grayber, Maxine Dexter, Wlnsvey Campos, Ricki Ruiz, Courtney Neron Misslin

Its course

January 11 to September 25, 2021, 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 action24 actions on 17 days

In the House of RepresentativesJan 11 to Jun 22162 days

Waiting for a committeeJan 11 to Jan 198 days

Economic Recovery and ProsperityJan 19 to Apr 1990 days

Ways and MeansApr 19 to Jun 8 · moved on50 days

Transportation and Economic DevelopmentJun 8 to Jun 14 · moved on6 days

Ways and MeansJun 14 to Jun 206 days

In the SenateJun 22 to Jun 242 days

Waiting for a committeeJun 22 to Jun 231 day

Ways and MeansJun 23 to Jun 241 day

With the GovernorJun 24 to Aug 643 days

Votes

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

  • House of Representatives, third reading38–21

    Passed · Jun 22

  • Senate, third reading24–4

    Passed · Jun 24 · 2 present

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 19

  • House of Representatives committee amendmentAdopted

    Adopted Jun 20

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 Jan 11 – Jun 22

  1. Jan 11Introduced
  2. Jan 19Sent to Economic Recovery and Prosperity
  3. Mar 18Heard in Economic Recovery and Prosperity
  4. Apr 6Heard in Economic Recovery and Prosperity
  5. Apr 13Heard in Economic Recovery and Prosperity
  6. Apr 19Economic Recovery and Prosperity recommended it as amended, and that it go to Ways and Means
  7. Sent to Ways and Means
  8. Jun 8Sent to Transportation and Economic Development Subcommittee
  9. Jun 14Heard in Transportation and Economic Development Subcommittee
  10. Returned to Ways and Means
  11. Jun 18Heard in Ways and Means
  12. Jun 20Ways and Means recommended it as amended
  13. Jun 22Read a second time
  14. Passed the House of Representatives, 38 to 21

In the Senate Jun 23 – Jun 24

  1. Jun 23Arrived in the Senate
  2. Sent to Ways and Means
  3. Jun 24Ways and Means recommended it
  4. Read a second time
  5. Passed the Senate, 24 to 4

To the Governor Jun 25 – Sep 25

  1. Jun 25Signed in the House of Representatives
  2. Jun 26Signed in the Senate
  3. Aug 6Signed by the Governor
  4. Sep 25Became chapter 676 of Oregon Laws 2021, in force from August 6, 2021
All 24 actions, as published
  1. Jan 11First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 19Referred to Economic Recovery and Prosperity.House of Representatives
  3. Mar 18Public Hearing held.House of Representatives
  4. Apr 6Public Hearing held.House of Representatives
  5. Apr 13Work Session held.House of Representatives
  6. Apr 19Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.House of Representatives
  7. Apr 19Referred to Ways and Means by order of Speaker.House of Representatives
  8. Jun 8Assigned to Subcommittee On Transportation and Economic Development.House of Representatives
  9. Jun 14Work Session held.House of Representatives
  10. Jun 14Returned to Full Committee.House of Representatives
  11. Jun 18Work Session held.House of Representatives
  12. Jun 20Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
  13. Jun 22Second reading.House of Representatives
  14. Jun 22Rules suspended. Third reading. Carried by Lively. Passed.House of Representatives
  15. Jun 23First reading. Referred to President's desk.Senate
  16. Jun 23Referred to Ways and Means.Senate
  17. Jun 24Recommendation: Do pass the B-Eng. bill.Senate
  18. Jun 24Second reading.Senate
  19. Jun 24Rules suspended. Third reading. Carried by Beyer. Passed.Senate
  20. Jun 24Vote explanation(s) filed by Heard.Senate
  21. Jun 25Speaker signed.House of Representatives
  22. Jun 26President signed.Senate
  23. Aug 6Governor signed.House of Representatives
  24. Sep 25Chapter 676, (2021 Laws): Effective date August 06, 2021.House of Representatives