Oregon Senate Bill 361 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Passed on August 8 2019 - 100% progression
Action: 2019-08-08 - Effective date, January 1, 2020.
Text: Latest bill text (Enrolled) [PDF]

Modifies prudent investor rule to allow trustee to consider settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, environmental, governance or other values or beliefs, and beneficiaries' financial needs, when making investment decisions. Modifies prudent investor rule to allow trustee to consider settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, environmental, social and] governance factors of investments] or other values or beliefs, and beneficiaries' financial needs, when making investment decisions.

Relating to the prudent investor rule.

No sponsor information available at this time.

2019-06-18 - House - House Third Reading (Y: 44 N: 14 NV: 0 Abs: 2) [PASS]
2019-06-13 - House - House Committee Do Pass the A-Eng bill (Y: 4 N: 1 NV: 0 Abs: 2) [PASS]
2019-05-29 - Senate - Senate Third Reading (Y: 18 N: 10 NV: 0 Abs: 2) [PASS]
2019-05-22 - Senate - Senate Committee Do pass the A-Eng bill (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]
2019-03-26 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 4 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-08-08	Senate	Effective date, January 1, 2020.
2019-08-08	Senate	Chapter 546, 2019 Laws.
2019-07-23	Senate	Effective date, January 1, 2020.
2019-07-23	Senate	Chapter 546, 2019 Laws.
2019-07-15	Senate	Governor signed.
2019-06-25	House	Speaker signed.
2019-06-24	Senate	President signed.
2019-06-18	House	Third reading. Carried by Smith Warner. Passed. Ayes, 44; Nays, 14--Barreto, Bonham, Boshart Davis, Findley, Hayden, Lewis, Nearman, Noble, Post, Reschke, Smith DB, Smith G, Sprenger, Wallan; Excused, 1--Leif; Excused for Business of the House, 1--Speaker Kotek.
2019-06-17	House	Second reading.
2019-06-14	House	Recommendation: Do pass.
2019-06-13	House	Work Session held.
2019-06-10	House	Public Hearing held.
2019-06-04	House	Referred to Rules.
2019-05-30	House	First reading. Referred to Speaker's desk.
2019-05-29	Senate	Third reading. Carried by Burdick. Passed. Ayes, 18; Nays, 10--Baertschiger Jr, Bentz, Boquist, Girod, Hansell, Heard, Knopp, Linthicum, Thatcher, Thomsen; Excused, 2--Olsen, Winters.
2019-05-28	Senate	Second reading.
2019-05-28	Senate	Recommendation: Do pass the A-Eng. bill.
2019-05-22	Senate	Public Hearing and Work Session held.
2019-04-05	Senate	Referred to Rules by order of the President.
2019-04-05	Senate	Recommendation: Do Pass with amendments. (Printed A-Eng.)
2019-03-26	Senate	Work Session held.
2019-02-04	Senate	Public Hearing held.
2019-01-16	Senate	Referred to Judiciary.
2019-01-14	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SB361
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB361/Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB361/Senate%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB361/A-Engrossed
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SB361/Enrolled
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/28382
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/29671
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/Measures/MeasureVotes?id=470162
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/29955
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/Measures/MeasureVotes?id=476042