Fabio
83 lines
5.0 KiB
Markdown
83 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Relating to the prudent investor rule."
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description: "Modifies prudent investor rule to allow trustee to consider<b> settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, </b>environmental, <i>social and</i>] governance <i>factors of investments</i>] <b>or other values or beliefs, and beneficiaries' financial needs,</b> when making investment decisions."
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jurisdiction: "us/states/or"
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legislature: "Oregon Legislative Assembly"
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session: "2019 Regular Session"
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identifier: "SB 361"
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citation: "Oregon SB 361 (2019 Regular Session)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 5
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action_count: 22
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vote_count: 5
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first_action: "2019-01-14T15:33:37+00:00"
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last_action: "2019-07-23T17:39:36+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/dbac520d-e4a8-499a-a403-26928828782c"
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source_url: "https://olis.leg.state.or.us/liz/2019R1/Measures/Overview/SB361"
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source_hash: "2cfd9221a8cf01fd61a70cbcb1b44313b460e59aace8ed1b8b7c6c416f889da8"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-or"]
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---
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# Oregon SB 361 (2019 Regular Session) — Relating to the prudent investor rule.
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Modifies prudent investor rule to allow trustee to consider<b> settlor's or beneficiaries' personal values, including settlor's or beneficiaries' desire to engage in sustainable or socially responsible investment strategies aligning with settlor's or beneficiaries' social, </b>environmental, <i>social and</i>] governance <i>factors of investments</i>] <b>or other values or beliefs, and beneficiaries' financial needs,</b> when making investment decisions.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/SB361/Introduced)
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2. **Senate Amendments to Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/SB361/Senate Amendments to Introduced)
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3. **A-Engrossed** (committee substitute) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/SB361/A-Engrossed)
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4. **SJUD Amendment -1** (committee substitute) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/ProposedAmendment/14524)
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5. **Enrolled** (enrolled) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/SB361/Enrolled)
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## Votes
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- Third reading. Carried by Burdick. Passed. — **18–10** (pass) · upper
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- Third reading. Carried by Smith Warner. Passed. — **44–14** (pass) · lower
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- Heard and Reported Out — **4–1** (pass) · upper
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- Heard and Reported Out — **4–1** (pass) · lower
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- Heard and Reported Out with Amendments — **4–3** (pass) · upper
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-01-14T15:33:37+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
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- **2019-01-16T17:20:23+00:00** Referred to Judiciary. `referral-committee`
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- **2019-03-26T15:02:00+00:00** Work Session held.
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- **2019-04-05T21:20:49+00:00** Recommendation: Do Pass with amendments. (Printed A-Eng.)
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- **2019-04-05T21:20:50+00:00** Referred to Rules by order of the President. `referral-committee`
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- **2019-05-22T20:02:00+00:00** Public Hearing and Work Session held.
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- **2019-05-28T15:49:02+00:00** Recommendation: Do pass the A-Eng. bill. `committee-passage-favorable`
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- **2019-05-28T18:19:22+00:00** Second reading. `reading-2`
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- **2019-05-29T18:28:33+00:00** Third reading. Carried by Burdick. Passed. `passage, reading-3`
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- **2019-05-30T16:46:08+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
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- **2019-06-04T23:08:18+00:00** Referred to Rules. `referral-committee`
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- **2019-06-10T22:01:00+00:00** Public Hearing held.
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- **2019-06-13T22:32:00+00:00** Work Session held.
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- **2019-06-14T21:20:14+00:00** Recommendation: Do pass. `committee-passage-favorable`
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- **2019-06-18T03:26:31+00:00** Second reading. `reading-2`
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- **2019-06-18T21:52:10+00:00** Third reading. Carried by Smith Warner. Passed. `passage, reading-3`
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- **2019-06-24T22:53:53+00:00** President signed. `passage`
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- **2019-06-25T15:12:43+00:00** Speaker signed. `passage`
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- **2019-07-15T16:31:00+00:00** Governor signed. `executive-signature`
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- **2019-07-23T17:36:36+00:00** Chapter 546, 2019 Laws.
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- **2019-07-23T17:39:36+00:00** Effective date, January 1, 2020.
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- **2019-02-04T17:01:00+00:00** Public Hearing held.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/dbac520d-e4a8-499a-a403-26928828782c`. Confidence: reported (aggregated from official Oregon legislature records).
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