l9n/ Oregon

2023 Regular Session

Senate Bill 926

Prohibits merchant service company or financing agency from retaining funds that are property of merchant for more than 10 calendar days unless merchant service company or financing agency allows merchant access to funds, including ability to withdraw funds, or merchant service company or financing agency pays merchant statutory rate of interest on balance of funds retained.

Did not become law. It stopped in the Senate's Finance and Revenue Committee on June 25, 2023. The 2023 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Prohibits merchant service company or financing agency from retaining funds that are property of merchant for more than 10 calendar days unless merchant service company or financing agency allows merchant access to funds, including ability to withdraw funds, or merchant service company or financing agency pays merchant statutory rate of interest on balance of funds retained. Punishes violation of Act as unlawful practice under Unlawful Trade Practices Act. Takes effect on 91st day following adjournment sine die.

Sponsors

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

In the Senate

In the House of Representatives

Its course

February 20 to June 25, 2023, 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 action3 actions on 3 days

In the SenateFeb 20 to Jun 25 · stopped125 days

Waiting for a committeeFeb 20 to Feb 222 days

Finance and RevenueFeb 22 to Jun 25 · stopped123 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 Senate Feb 20 – Jun 25

  1. Feb 20Introduced
  2. Feb 22Sent to Finance and Revenue
  3. Jun 25Died when the session ended
All 3 actions, as published
  1. Feb 20Introduction and first reading. Referred to President's desk.Senate
  2. Feb 22Referred to Finance and Revenue.Senate
  3. Jun 25In committee upon adjournment.Senate