Oregon · 2025 Regular Session · Bill
SB 781: Relating to the acquisition of bank assets by a credit union.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 781 is a bill introduced in the Oregon Senate on January 13, 2025. According to its official title, it concerns: Relating to the acquisition of bank assets by a credit union. Primary sponsor: Todd Nash (Republican), Bobby Levy (Republican). Most recent recorded action (June 28, 2025): In committee upon adjournment.
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.
Provides that if a credit union acquires assets of a banking institution, receipts from the business portfolio acquired from the bank remain subject to the corporate excise tax and corporate activity tax.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Todd Nash | Primary sponsor | Republican | Senate | 29 |
| Bobby Levy | Primary sponsor | Republican | House | 58 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- In committee upon adjournment.
- Public Hearing held.
- Referred to Finance and Revenue.
- Introduction and first reading. Referred to President's desk.