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SB 102 Oregon Senate · 2025 Regular Session

Relating to Federal Home Loan Banks; and declaring an emergency.

Summary
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.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Signed into Law
May 2025
Introduced Jan 13, 2025 Signed May 19, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Enrolled · 3 edits · May 19, 2025
MINOR
The bill was finalized and enrolled after passing both legislative chambers, with minor formatting adjustments to the header and addition of official signatures. The substantive policy content regarding Federal Home Loan Bank collateral rights remains unchanged from the introduced version.
TECHNICAL

Header changed from 'Senate Bill 102' to 'Enrolled' with updated formatting and spacing

Added official signatures page with dates and signatures from legislative officers and Governor

Removed summary section that was present in the introduced version but not part of the final enacted text

Floor votes · Senate Mar 10, 2025 · House May 8, 2025

How they voted

28–0
Passed · 1 other
Total votes 29
Mar 10, 2025
D Democratic17
17 Yea
100% Yea
R Republican12
11 Yea 1
91% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
7
Committee
4
May 19, 2025
Signed into law
Governor signed.
upper
May 12, 2025
Lower · Passed
Speaker signed.
lower
May 12, 2025
Upper · Passed
President signed.
upper
May 8, 2025
Lower · Passed
Third reading. Carried by Reschke. Passed.
lower
May 5, 2025
Lower · Passed
Recommendation: Do pass.
lower
Mar 13, 2025
Committee
Referred to Commerce and Consumer Protection.
lower
Mar 11, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
Mar 10, 2025
Upper · Passed
Third reading. Carried by McLane. Passed.
upper
Mar 6, 2025
Upper · Passed
Recommendation: Do pass.
upper
Jan 17, 2025
Committee
Referred to Finance and Revenue.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.