---
type: "Bill"
title: "Relating to financial institutions."
description: "Modifies the allowable investments for certain financial institutions. Modifies the method of calculating the net worth of qualified depositories."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2025R1"
identifier: "HB 2971"
citation: "Oregon HB 2971 (2025R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["David Gomberg"]
version_count: 5
action_count: 19
vote_count: 4
first_action: "2025-01-13T16:01:32+00:00"
last_action: "2025-06-11T23:59:21+00:00"
source: "openstates"
source_identifier: "ocd-bill/49d72392-3825-46d9-90d4-1dd6630339b0"
source_url: "https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2971"
source_hash: "fa5d335c14bafc16596e63e5545126b11c824c31af5ee2d45d6c60785acb291c"
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 HB 2971 (2025R1) — Relating to financial institutions.

Modifies the allowable investments for certain financial institutions. Modifies the method of calculating the net worth of qualified depositories.

## Version chain

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

1. **House Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2971/House%20Amendments%20to%20Introduced)
2. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2971/Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2971/A-Engrossed)
4. **HCCP Amendment -1** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/27136)
5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2971/Enrolled)

## Votes

- Heard and Reported Out with Amendments — **9–0** (pass) · lower
- Heard and Reported Out — **5–0** (pass) · upper
- Third reading. Carried by Taylor. Passed. — **26–0** (pass) · upper
- Third reading. Carried by Gomberg. Passed. — **55–0** (pass) · lower

## Sponsors

- David Gomberg — primary (person)

## Timeline

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

- **2025-01-13T16:01:32+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2025-01-17T20:47:46+00:00** Referred to Commerce and Consumer Protection. `referral-committee`
- **2025-03-27T20:01:00+00:00** Public Hearing held.
- **2025-04-03T20:02:00+00:00** Work Session held.
- **2025-04-09T23:00:23+00:00** Recommendation: Do pass with amendments and be printed A-Engrossed. `committee-passage-favorable`
- **2025-04-10T17:57:09+00:00** Second reading. `reading-2`
- **2025-04-14T22:21:16+00:00** Third reading. Carried by Gomberg. Passed. `passage, reading-3`
- **2025-04-15T18:32:30+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2025-04-15T20:12:35+00:00** Referred to Labor and Business. `referral-committee`
- **2025-04-24T15:01:00+00:00** Public Hearing held.
- **2025-04-29T15:02:00+00:00** Work Session held.
- **2025-05-06T16:13:38+00:00** Recommendation: Do pass the A-Eng. bill. `committee-passage-favorable`
- **2025-05-06T18:50:01+00:00** Second reading. `reading-2`
- **2025-05-07T19:28:07+00:00** Carried over to 05-08 by unanimous consent.
- **2025-05-08T19:04:57+00:00** Third reading. Carried by Taylor. Passed. `passage, reading-3`
- **2025-05-09T18:27:29+00:00** Speaker signed. `passage`
- **2025-05-12T19:32:38+00:00** President signed. `passage`
- **2025-05-19T22:30:44+00:00** Governor signed. `executive-signature`
- **2025-06-11T23:59:21+00:00** Chapter 96, (2025 Laws): Effective date January 1, 2026.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/49d72392-3825-46d9-90d4-1dd6630339b0`. Confidence: reported (aggregated from official Oregon legislature records).