Bill > HB2568

This bill establishes two new subaccounts within the Consumer and Business Services Fund: the Consumer Financial Education Account and the Consumer Insurance Education Account. These accounts will be funded by civil penalties collected by the Department of Consumer and Business Services from enforcement actions related to various financial and insurance regulations, as well as potential legislative appropriations. The bill grants the Director of the Department of Consumer and Business Services the authority to designate which civil penalty moneys will be deposited into each account. The funds in these accounts will be continuously appropriated to the department specifically for consumer education purposes - financial education for the Consumer Financial Education Account and insurance education for the Consumer Insurance Education Account. The bill also maintains the existing Prescription Drug Affordability Account within the same fund, which continues to be used for implementing drug affordability provisions. Additionally, the bill makes a technical amendment to ORS 705.165 to reference the new accounts in the statute governing the disposition of departmental revenues. The overall intent is to create dedicated funding streams for consumer education using money collected from enforcement actions.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2568