Bill > HB2966

This bill establishes the State Public Finance Task Force, a 16-member group appointed by the Senate President, House Speaker, State Treasurer, and Governor, with members selected to represent diverse backgrounds and expertise in financial, governmental, and economic sectors. The task force is charged with comprehensively studying public banking and financing options in Oregon, including exploring methods of managing public funds, potential cost savings, and innovative financing strategies across areas like infrastructure development, housing, green banking, and local government projects. The task force is directed to adhere to principles that any public financing entities should be publicly controlled, save public money, stimulate economic activity, and avoid harming credit unions and community banks. By December 31, 2026, the task force must submit a final report with findings and potential legislative recommendations to the Legislative Assembly. The bill includes provisions for task force operations, member compensation, and support from state agencies. The task force is set to be repealed on January 2, 2028, and the bill includes an emergency clause making it effective immediately upon passage, with an initial appropriation of $400,000 for consulting research services and additional funding for staff support.

Budget and Finance, Business and Industry

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2966