OR SB571 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 14 2023 - 100% progression
Action: 2023-06-14 - Effective date, January 1, 2024.
Text: Latest bill text (Enrolled) [PDF]

Summary

Directs Oregon 529 Savings Board to provide information to designated beneficiaries of ABLE accounts regarding potential impact to benefits and services if contributions are made to workplace retirement account. Requires employer to offer contribution to ABLE account in lieu of contribution to retirement account.] Requires employer to offer payroll deduction for ABLE account in lieu of deduction for OregonSaves account.] Requires State Treasurer to provide information to specified individuals regarding options relating to ABLE accounts and retirement accounts. Requires State Treasurer to establish process to direct payroll deductions to ABLE account in lieu of OregonSaves account.] Becomes operative January 1, 2025.] Directs Oregon 529 Savings Board to provide information to designated beneficiaries of ABLE accounts regarding potential impact to benefits and services if contributions are made to workplace retirement account.

Tracking Information

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Title

Relating to ABLE accounts.

Sponsors


Roll Calls

2023-05-23 - House - House Third Reading (Y: 43 N: 0 NV: 0 Abs: 17) [PASS]
2023-05-10 - House - House Committee Do Pass the A-Eng bill (Y: 6 N: 0 NV: 0 Abs: 4) [PASS]
2023-04-11 - Senate - Senate Third Reading (Y: 29 N: 0 NV: 0 Abs: 1) [PASS]
2023-03-28 - Senate - Senate Committee Do pass with amendments. (Printed A-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-06-14SenateEffective date, January 1, 2024.
2023-06-14SenateChapter 156, 2023 Laws.
2023-06-06SenateGovernor signed.
2023-05-25HouseSpeaker signed.
2023-05-25SenatePresident signed.
2023-05-23HouseThird reading. Carried by Andersen. Passed. Ayes, 43; Excused, 1--Evans; Excused for Business of the House, 16--Boshart Davis, Conrad, Cramer, Diehl, Elmer, Helfrich, Javadi, Mannix, Morgan, Nathanson, Nguyen D, Owens, Ruiz, Sanchez, Wallan, Speaker Rayfield.
2023-05-22HouseRules suspended. Carried over to May 23, 2023 Calendar.
2023-05-18HouseRules suspended. Carried over to May 22, 2023 Calendar.
2023-05-17HouseRules suspended. Carried over to May 18, 2023 Calendar.
2023-05-16HouseRules suspended. Carried over to May 17, 2023 Calendar.
2023-05-15HouseSecond reading.
2023-05-15HouseRecommendation: Do pass.
2023-05-10HouseWork Session held.
2023-05-08HousePublic Hearing held.
2023-04-13HouseReferred to Early Childhood and Human Services.
2023-04-11HouseFirst reading. Referred to Speaker's desk.
2023-04-11SenateGelser Blouin, Patterson declared potential conflict of interest.
2023-04-11SenateThird reading. Carried by Gelser Blouin. Passed. Ayes, 29; Excused, 1--Gorsek.
2023-04-10SenateCarried over to 04-11 by unanimous consent.
2023-04-06SenateCarried over to 04-10 by unanimous consent.
2023-04-05SenateCarried over to 04-06 by unanimous consent.
2023-04-04SenateCarried over to 04-05 by unanimous consent.
2023-04-03SenateSecond reading.
2023-03-31SenateRecommendation: Do pass with amendments. (Printed A-Eng.)
2023-03-28SenatePublic Hearing and Work Session held.
2023-01-19SenatePublic Hearing held.
2023-01-12SenateReferred to Labor and Business.
2023-01-09SenateIntroduction and first reading. Referred to President's desk.

Oregon State Sources

TypeSource
Summaryhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB571
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB571/Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB571/Senate%20Amendments%20to%20Introduced
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB571/A-Engrossed
Texthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB571/Enrolled
Amendmenthttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/23279
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/76695
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/77288
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/66524
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/76698
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/76811
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/258705
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/258657
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/267783
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/267410
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/272809
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/273030
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/CommitteeMeetingDocument/273085
Supplementhttps://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/79406
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/CommitteeReports/MajorityReport/34838
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/MeasureVotes?id=572406
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/CommitteeReports/MajorityReport/35720
Roll Callhttps://olis.oregonlegislature.gov/liz/2023R1/Measures/MeasureVotes?id=581410

Bill Comments

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