OregonRelating to Federal Home Loan Banks; and declaring an emergency.
What it does
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.
More detail
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.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 6Effective date, May 19, 2025.Latest
- Jun 6Chapter 102, 2025 Laws.
- May 19Governor Tina Kotek signed.Became Law
- May 12Speaker signed.Major
- May 12President signed.Major
- May 8Third reading. Carried by Reschke. Passed.Passed House
- Vote recorded Third reading. Carried by Reschke. Passed. Result: pass.Lower
- May 7Rules suspended. Carried over to May 8, 2025 Calendar.
- May 6Rules suspended. Carried over to May 7, 2025 Calendar.
- May 5Second reading.Minor
- May 5Recommendation: Do pass.Minor
- Apr 29Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Lower
- Apr 22Public Hearing held.
- Mar 13Referred to Commerce and Consumer Protection.Minor
- Mar 11First reading. Referred to Speaker's desk.Minor
- Mar 10Third reading. Carried by McLane. Passed.Passed Senate
- Vote recorded Third reading. Carried by McLane. Passed. Result: pass.Upper
- Mar 6Second reading.Minor
- Mar 6Recommendation: Do pass.Minor
- Mar 5Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Upper
- Feb 3Public Hearing held.
- Jan 17Referred to Finance and Revenue.Minor
- Jan 13Introduction and first reading. Referred to President's desk.Introduced