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HB 2348 Oregon House · 2025 Regular Session

Relating to economic development programs.

HB 2348 adjusts the selection process for two members of an economic development board by requiring them to represent different political parties. Specifically, it mandates that one member be recommended by the Senate President and the other by the House Speaker (or Minority Leader if the Speaker and President share a party). This change, found in the bill’s revised language for board composition, directly affects the governance structure of the board overseeing economic development programs. The bill does not alter program funding or operations, only the appointment mechanism for these two board positions. It became law on June 3, 2025, and takes effect January 1, 2026.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
Jun 2025
Introduced Jan 13, 2025 Signed Jun 3, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

A-Engrossed → Enrolled · 4 edits · Jun 3, 2025
MODERATE
The bill was finalized as an enrolled version, removing editorial summaries and formatting notes while keeping the core legislative text. The substantive policy changes include increasing the maximum forgivable loan amount from $250,000 to $500,000 and adding new provisions for additional loans up to $125,000 for brownfield projects that include electric vehicle charging stations or housing construction.
Scope change
The bill's scope remains focused on economic development programs, specifically brownfield remediation loans, but the financial thresholds and eligibility criteria for additional funding have been expanded.
FISCAL

Increased maximum forgivable loan amount from $250,000 to $500,000 total per project

ELIGIBILITY

Added eligibility for additional forgivable loans up to $125,000 for projects including EV charging stations or housing construction

TECHNICAL

Removed editorial summaries, readability scores, and formatting notes from the final enrolled version

REQUIREMENT

Added specific requirements for EV charging stations to be publicly accessible immediately after completion

Floor votes · Senate May 14, 2025 · House Feb 18, 2025

How they voted

28–2
Passed
Total votes 30
May 14, 2025
D Democratic18
18 Yea
100% Yea
R Republican12
10 Yea 2 Nay
83% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
8
Committee
4
Jun 3, 2025
Signed into law
Governor signed.
lower
May 29, 2025
Upper · Passed
President signed.
upper
May 28, 2025
Lower · Passed
Speaker signed.
lower
May 27, 2025
Lower · Passed
House concurred in Senate amendments and repassed bill.
lower
May 14, 2025
Upper · Passed
Third reading. Carried by Bonham. Passed.
upper
May 9, 2025
Upper · Passed
Recommendation: Do pass with amendments. (Printed A-Eng.)
upper
Feb 21, 2025
Committee
Referred to Labor and Business.
upper
Feb 20, 2025
Introduced
First reading. Referred to President's desk.
upper
Feb 18, 2025
Lower · Passed
Third reading. Carried by Isadore. Passed.
lower
Feb 7, 2025
Lower · Passed
Recommendation: Do pass.
lower
Jan 17, 2025
Committee
Referred to Economic Development, Small Business, and Trade.
lower
Jan 13, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.