Oregon · 2025 Regular Session · Bill
SB 465: Relating to individual development accounts.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 465 is a bill introduced in the Oregon Senate on January 13, 2025. According to its official title, it concerns: Relating to individual development accounts. Primary sponsor: Suzanne Weber (Republican), Ricki Ruiz (Democratic). It lists 10 additional sponsors. Most recent recorded action (May 14, 2025): Effective date, January 1, 2026.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Removes the annual cap on matching funds that an individual development account holder may accrue. Establishes a cap on total matching funds that the account holder may accrue. [<i>Provides for the modification of the cap to account for effects of inflation.</i>].
Sponsors
Sponsors by party (alphabetical): Democratic 6 · Republican 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Suzanne Weber | Primary sponsor | Republican | Senate | 16 |
| Ricki Ruiz | Primary sponsor | Democratic | House | 50 |
| Annessa Hartman | Co-sponsor | Democratic | House | 40 |
| Cedric Hayden | Co-sponsor | Republican | Senate | 6 |
| Cyrus Javadi | Co-sponsor | Democratic | House | 32 |
| Bobby Levy | Co-sponsor | Republican | House | 58 |
| Hoa Nguyen | Co-sponsor | Not applicable (committee) | — | — |
| Virgle Osborne | Co-sponsor | Republican | House | 2 |
| Deb Patterson | Co-sponsor | Democratic | Senate | 10 |
| Janeen Sollman | Co-sponsor | Democratic | Senate | 15 |
| Nathan Sosa | Co-sponsor | Democratic | House | 30 |
| Boomer Wright | Co-sponsor | Republican | House | 9 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Effective date, January 1, 2026.
- Chapter 48, 2025 Laws.
- Governor signed.
- Speaker signed.
- President signed.
- Third reading. Carried by Ruiz. Passed.
- Potential conflict(s) of interest declared by Hartman.
- Second reading.
- Recommendation: Do pass.
- Work Session held.
- Public Hearing held.
- Referred to Early Childhood and Human Services.
Showing 12 most recent of 20 actions. Full history