---
type: "Bill"
title: "Relating to Federal Home Loan Banks; and declaring an emergency."
description: "Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding. Requires a receiver to comply with provisions of this Act with respect to claims against the insurer-member. Requires a Federal Home Loan Bank that exercises a right to collateral to repurchase any outstanding capital stock that exceeds the amount of Federal Home Loan Bank stock that the insurer-member must hold as a minimum investment, subject to certain determinations. Prohibits a receiver from voiding the transfer of, or obligation to transfer, moneys or property under the terms of a Federal Home Loan Bank security agreement. Declares an emergency, effective on passage."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2025R1"
identifier: "SB 102"
citation: "Oregon SB 102 (2025R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 2
action_count: 21
vote_count: 4
first_action: "2025-01-13T17:07:30+00:00"
last_action: "2025-06-06T21:02:48+00:00"
source: "openstates"
source_identifier: "ocd-bill/b4e49dd9-7ae1-4fbe-9ce5-3ba65d2cf042"
source_url: "https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB102"
source_hash: "7d0154d9d94bc2bc5daa7699e6e45b5a4db5730a0d16ae188cd68bb2868e019f"
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 102 (2025R1) — Relating to Federal Home Loan Banks; and declaring an emergency.

Provides that a court may not stay or prohibit a Federal Home Loan Bank from exercising rights to collateral pledged by an insurer-member that is subject to a delinquency proceeding. Requires a receiver to comply with provisions of this Act with respect to claims against the insurer-member. Requires a Federal Home Loan Bank that exercises a right to collateral to repurchase any outstanding capital stock that exceeds the amount of Federal Home Loan Bank stock that the insurer-member must hold as a minimum investment, subject to certain determinations. Prohibits a receiver from voiding the transfer of, or obligation to transfer, moneys or property under the terms of a Federal Home Loan Bank security agreement. Declares an emergency, effective on passage.

## 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/2025R1/Downloads/MeasureDocument/SB102/Introduced)
2. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB102/Enrolled)

## Votes

- Heard and Reported Out — **8–0** (pass) · lower
- Third reading. Carried by Reschke. Passed. — **53–0** (pass) · lower
- Heard and Reported Out — **5–0** (pass) · upper
- Third reading. Carried by McLane. Passed. — **29–0** (pass) · upper

## Timeline

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

- **2025-01-13T17:07:30+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2025-01-17T22:13:22+00:00** Referred to Finance and Revenue. `referral-committee`
- **2025-02-03T16:16:00+00:00** Public Hearing held.
- **2025-03-05T16:02:00+00:00** Work Session held.
- **2025-03-06T18:23:05+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2025-03-06T18:55:18+00:00** Second reading. `reading-2`
- **2025-03-10T18:25:01+00:00** Third reading. Carried by McLane. Passed. `passage, reading-3`
- **2025-03-11T18:58:11+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2025-03-13T22:15:18+00:00** Referred to Commerce and Consumer Protection. `referral-committee`
- **2025-04-22T20:01:00+00:00** Public Hearing held.
- **2025-04-29T20:02:00+00:00** Work Session held.
- **2025-05-05T17:11:57+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2025-05-05T18:28:07+00:00** Second reading. `reading-2`
- **2025-05-06T19:41:47+00:00** Rules suspended. Carried over to May 7, 2025 Calendar.
- **2025-05-07T19:49:38+00:00** Rules suspended. Carried over to May 8, 2025 Calendar.
- **2025-05-08T19:19:13+00:00** Third reading. Carried by Reschke. Passed. `passage, reading-3`
- **2025-05-12T19:32:38+00:00** President signed. `passage`
- **2025-05-12T21:47:11+00:00** Speaker signed. `passage`
- **2025-05-19T21:56:32+00:00** Governor signed. `executive-signature`
- **2025-06-06T20:52:38+00:00** Chapter 102, 2025 Laws.
- **2025-06-06T21:02:48+00:00** Effective date, May 19, 2025.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b4e49dd9-7ae1-4fbe-9ce5-3ba65d2cf042`. Confidence: reported (aggregated from official Oregon legislature records).