Oregon House Bill 2581 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on July 7 2017 - 100% progression
Action: 2017-07-07 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Requires person that possesses or has access to account information to report breach of security to financial institution that issued financial access device. Requires person to safeguard account information in accordance with standards that Department of Consumer and Business Services adopts by rule. Subjects person to liability to financial institution for costs financial institution incurs as consequence of breach of security if person's failure to comply with standards for safeguarding account information amounts to gross negligence. Becomes operative January 1, 2018. Declares emergency, effective on passage.

Relating to breaches of security with respect to account information associated with financial access devices; declaring an emergency.

Rep. Dan Rayfield [D]

Rep. Andy Olson [R]

Date	Chamber	Action
2017-07-07	House	In committee upon adjournment.
2017-03-27	House	Public Hearing held.
2017-01-17	House	Referred to Business and Labor.
2017-01-09	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2017R1/Measures/Overview/HB2581
Text	https://olis.oregonlegislature.gov/liz/2017R1/Downloads/MeasureDocument/HB2581/Introduced