l9n/ Oregon

2025 Regular Session

Senate Bill 102

Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding.

Became law as Chapter 102, Oregon Laws 2025, signed May 19, 2025, 126 days after it was filed. In force from May 19, 2025.

What it does

The synopsis the Legislative Assembly published with the bill.

Digest: The Act makes changes to laws about home loans and lender collateral. (Flesch Readability Score: 67.7). Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding. Requires a receiver to comply with provisions of this Act with respect to claims against the insurer-member. Requires a Federal Home Loan Bank that exercises a right to collateral to repurchase any outstanding capital stock that exceeds the amount of Federal Home Loan Bank stock that the insurer-member must hold as a minimum investment, subject to certain determinations. Prohibits a receiver from voiding the transfer of, or obligation to transfer, moneys or property under the terms of a Federal Home Loan Bank security agreement. Declares an emergency, effective on passage.

Its course

January 13 to June 6, 2025, 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 action21 actions on 17 days

In the SenateJan 13 to Mar 1056 days

Waiting for a committeeJan 13 to Jan 174 days

Finance and RevenueJan 17 to Mar 648 days

In the House of RepresentativesMar 10 to May 859 days

Waiting for a committeeMar 10 to Mar 133 days

Commerce and Consumer ProtectionMar 13 to May 553 days

With the GovernorMay 8 to May 1911 days

Votes

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

  • Senate, third reading29–0

    Passed · Mar 10 · 1 present

  • House of Representatives, third reading53–0

    Passed · May 8 · 7 present

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 13 – Mar 10

  1. Jan 13Introduced
  2. Jan 17Sent to Finance and Revenue
  3. Feb 3Heard in Finance and Revenue
  4. Mar 5Heard in Finance and Revenue
  5. Mar 6Finance and Revenue recommended it
  6. Read a second time
  7. Mar 10Passed the Senate, 29 to 0

In the House of Representatives Mar 11 – May 8

  1. Mar 11Arrived in the House of Representatives
  2. Mar 13Sent to Commerce and Consumer Protection
  3. Apr 22Heard in Commerce and Consumer Protection
  4. Apr 29Heard in Commerce and Consumer Protection
  5. May 5Commerce and Consumer Protection recommended it
  6. Read a second time
  7. May 8Passed the House of Representatives, 53 to 0

To the Governor May 12 – Jun 6

  1. May 12Signed in the Senate
  2. Signed in the House of Representatives
  3. May 19Signed by the Governor
  4. Jun 6Became chapter 102 of Oregon Laws 2025
  5. In force from May 19, 2025
All 21 actions, as published
  1. Jan 13Introduction and first reading. Referred to President's desk.Senate
  2. Jan 17Referred to Finance and Revenue.Senate
  3. Feb 3Public Hearing held.Senate
  4. Mar 5Work Session held.Senate
  5. Mar 6Recommendation: Do pass.Senate
  6. Mar 6Second reading.Senate
  7. Mar 10Third reading. Carried by McLane. Passed.Senate
  8. Mar 11First reading. Referred to Speaker's desk.House of Representatives
  9. Mar 13Referred to Commerce and Consumer Protection.House of Representatives
  10. Apr 22Public Hearing held.House of Representatives
  11. Apr 29Work Session held.House of Representatives
  12. May 5Recommendation: Do pass.House of Representatives
  13. May 5Second reading.House of Representatives
  14. May 6Rules suspended. Carried over to May 7, 2025 Calendar.House of Representatives
  15. May 7Rules suspended. Carried over to May 8, 2025 Calendar.House of Representatives
  16. May 8Third reading. Carried by Reschke. Passed.House of Representatives
  17. May 12President signed.Senate
  18. May 12Speaker signed.House of Representatives
  19. May 19Governor signed.Senate
  20. Jun 6Chapter 102, 2025 Laws.Senate
  21. Jun 6Effective date, May 19, 2025.Senate