---
type: "Bill"
title: "Relating to individual development accounts."
description: "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>]."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2025R1"
identifier: "SB 465"
citation: "Oregon SB 465 (2025R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Ricki Ruiz", "Suzanne Weber"]
version_count: 5
action_count: 20
vote_count: 4
first_action: "2025-01-13T17:07:30+00:00"
last_action: "2025-05-14T17:12:20+00:00"
source: "openstates"
source_identifier: "ocd-bill/18a59423-5c21-4216-9495-aceebb993558"
source_url: "https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB465"
source_hash: "0ed7f480212438a9807ddbe92c25ac916ab1d74ed0084d465331481cb68316d3"
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 465 (2025R1) — Relating to individual development accounts.

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>].

## 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/SB465/Introduced)
2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB465/Senate%20Amendments%20to%20Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB465/A-Engrossed)
4. **SHS Amendment -1** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/26379)
5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB465/Enrolled)

## Votes

- Heard and Reported Out with Amendments — **4–0** (pass) · upper
- Heard and Reported Out — **7–0** (pass) · lower
- Third reading. Carried by Ruiz. Passed. — **54–0** (pass) · lower
- Third reading. Carried by Weber. Passed. — **30–0** (pass) · upper

## Sponsors

- Ricki Ruiz — primary (person)
- Suzanne Weber — primary (person)
- Annessa Hartman — cosponsor (person)
- Bobby Levy — cosponsor (person)
- Boomer Wright — cosponsor (person)
- Cedric Hayden — cosponsor (person)
- Cyrus Javadi — cosponsor (person)
- Deb Patterson — cosponsor (person)
- Hoa Nguyen — cosponsor (person)
- Janeen Sollman — cosponsor (person)
- Nathan Sosa — cosponsor (person)
- Virgle Osborne — cosponsor (person)

## 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 Human Services. `referral-committee`
- **2025-02-04T16:01:00+00:00** Public Hearing held.
- **2025-02-18T16:02:00+00:00** Work Session held.
- **2025-02-24T17:08:34+00:00** Recommendation: Do pass with amendments. (Printed A-Eng.) `committee-passage-favorable`
- **2025-02-25T18:32:29+00:00** Second reading. `reading-2`
- **2025-02-27T19:46:57+00:00** Third reading. Carried by Weber. Passed. `passage, reading-3`
- **2025-03-04T20:18:49+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2025-03-10T17:30:13+00:00** Referred to Early Childhood and Human Services. `referral-committee`
- **2025-04-15T15:01:00+00:00** Public Hearing held.
- **2025-04-24T15:02:00+00:00** Work Session held.
- **2025-04-25T21:41:59+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2025-04-28T18:30:19+00:00** Second reading. `reading-2`
- **2025-04-29T18:33:55+00:00** Third reading. Carried by Ruiz. Passed. `passage, reading-3`
- **2025-04-29T18:32:55+00:00** Potential conflict(s) of interest declared by Hartman.
- **2025-04-30T19:25:34+00:00** President signed. `passage`
- **2025-05-01T16:47:44+00:00** Speaker signed. `passage`
- **2025-05-08T19:17:37+00:00** Governor signed. `executive-signature`
- **2025-05-14T17:10:47+00:00** Chapter 48, 2025 Laws.
- **2025-05-14T17:12:20+00:00** 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/18a59423-5c21-4216-9495-aceebb993558`. Confidence: reported (aggregated from official Oregon legislature records).