---
type: "Bill"
title: "Relating to annuities; and prescribing an effective date."
description: "Establishes best interest standard for recommendations or sales of annuities to prospective purchasers. Specifies contents of and requirements for compliance with standard."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2023R1"
identifier: "SB 536"
citation: "Oregon SB 536 (2023R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Janeen Sollman"]
version_count: 5
action_count: 27
vote_count: 4
first_action: "2023-01-09T18:53:53+00:00"
last_action: "2023-06-14T19:00:32+00:00"
source: "openstates"
source_identifier: "ocd-bill/b1f68eb2-3956-409f-bf5a-cfc56cb28d76"
source_url: "https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB536"
source_hash: "95d56453eeee374232a388c93f61659cf731046ba7c8be1df9ecdb74d54cbc0a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---

# Oregon SB 536 (2023R1) — Relating to annuities; and prescribing an effective date.

Establishes best interest standard for recommendations or sales of annuities to prospective purchasers. Specifies contents of and requirements for compliance with standard.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB536/Introduced)
2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB536/Senate%20Amendments%20to%20Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB536/A-Engrossed)
4. **SJUD Amendment -2** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/ProposedAmendment/23538)
5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB536/Enrolled)

## Votes

- Third reading. Carried by Javadi. Passed. — **52–5** (pass) · lower
- Third reading. Carried by Sollman. Passed. — **26–3** (pass) · upper
- Heard and Reported Out — **10–0** (pass) · lower
- Heard and Reported Out with Amendments — **5–0** (pass) · upper

## Sponsors

- Janeen Sollman — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-09T18:53:53+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2023-01-13T21:33:54+00:00** Referred to Judiciary. `referral-committee`
- **2023-01-25T21:01:00+00:00** Public Hearing held.
- **2023-03-22T20:02:00+00:00** Work Session held.
- **2023-03-31T19:57:47+00:00** Recommendation: Do pass with amendments. (Printed A-Eng.) `committee-passage-favorable`
- **2023-04-03T17:34:01+00:00** Second reading. `reading-2`
- **2023-04-04T17:33:44+00:00** Carried over to 04-05 by unanimous consent.
- **2023-04-05T19:55:09+00:00** Carried over to 04-06 by unanimous consent.
- **2023-04-06T20:01:02+00:00** Carried over to 04-10 by unanimous consent.
- **2023-04-11T03:43:03+00:00** Carried over to 04-11 by unanimous consent.
- **2023-04-11T19:51:32+00:00** Third reading. Carried by Sollman. Passed. `passage, reading-3`
- **2023-04-11T20:25:54+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2023-04-14T00:26:03+00:00** Referred to Economic Development and Small Business. `referral-committee`
- **2023-04-25T20:01:00+00:00** Public Hearing held.
- **2023-05-09T20:02:00+00:00** Work Session held.
- **2023-05-10T22:39:03+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2023-05-11T19:06:41+00:00** Second reading. `reading-2`
- **2023-05-15T19:36:33+00:00** Rules suspended. Carried over to May 16, 2023 Calendar.
- **2023-05-16T19:08:21+00:00** Rules suspended. Carried over to May 17, 2023 Calendar.
- **2023-05-17T19:46:43+00:00** Rules suspended. Carried over to May 18, 2023 Calendar.
- **2023-05-18T19:29:13+00:00** Rules suspended. Carried over to May 22, 2023 Calendar.
- **2023-05-22T18:15:48+00:00** Third reading. Carried by Javadi. Passed. `passage, reading-3`
- **2023-05-24T18:17:31+00:00** President signed. `passage`
- **2023-05-25T17:14:23+00:00** Speaker signed. `passage`
- **2023-06-01T18:30:00+00:00** Governor signed. `executive-signature`
- **2023-06-14T18:51:29+00:00** Chapter 143, 2023 Laws.
- **2023-06-14T19:00:32+00:00** Effective on the 91st day following adjournment sine die.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b1f68eb2-3956-409f-bf5a-cfc56cb28d76`. Confidence: reported (aggregated from official Oregon legislature records).