Oregon 2019 Regular Session Status: Enacted

SB 361 — Relating to the prudent investor rule.

Last action — Effective date, January 1, 2020.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 14, 2019. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 68% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 361 on the official Oregon source →

Action History

  1. Effective date, January 1, 2020.

  2. Chapter 546, 2019 Laws.

  3. Governor signed.

  4. Speaker signed.

  5. President signed.

  6. Third reading. Carried by Smith Warner. Passed.

  7. Second reading.

  8. Recommendation: Do pass.

  9. Work Session held.

  10. Public Hearing held.

  11. Referred to Rules.

  12. First reading. Referred to Speaker's desk.

  13. Third reading. Carried by Burdick. Passed.

  14. Second reading.

  15. Recommendation: Do pass the A-Eng. bill.

  16. Public Hearing and Work Session held.

  17. Referred to Rules by order of the President.

  18. Recommendation: Do Pass with amendments. (Printed A-Eng.)

  19. Work Session held.

  20. Public Hearing held.

  21. Referred to Judiciary.

  22. Introduction and first reading. Referred to President's desk.

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 90 not signed on · 24 voted No

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (90)

90 members have not signed on to this bill.

Show all 90 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third reading. Carried by Smith Warner. Passed.

Passed 44 Yea · 14 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 29602
Democrat 13100
Republican 2700
Total 441402
% of votes cast 73%23%0%3%
How each member voted (60)
Member Party Vote
Alissa Keny-Guyer — Yea
Andrea Salinas — Yea
Anna Williams — Yea
Barbara Smith Warner — Yea
Bill Post — Nay
Brad Witt — Yea
Brian Clem — Yea
Caddy McKeown — Yea
Carl Wilson — Yea
Carla Piluso — Yea
Cheri Helt — Yea
Courtney Neron — Yea
Dan Rayfield — Yea
Denyc Boles — Yea
Diego Hernandez — Yea
Duane Stark — Yea
Gary Leif — Not Voting
Greg Barreto — Nay
Jack Zika — Yea
Janelle Bynum — Yea
Jeff Barker — Yea
Jeff Reardon — Yea
Jennifer Williamson — Yea
Karin Power — Yea
Lynn Findley — Nay
Margaret Doherty — Yea
Marty Wilde — Yea
Mike Nearman — Nay
Mitch Greenlick — Yea
Paul Holvey — Yea
Rachel Prusak — Yea
Ron Noble — Nay
Sheri Schouten — Yea
Sherrie Sprenger — Nay
Teresa Alonso Leon — Yea
Tiffiny Mitchell — Yea
Tina Kotek — Not Voting
Chris Gorsek Democrat Yea
David Gomberg Democrat Yea
Janeen Sollman Democrat Yea
John Lively Democrat Yea
Julie Fahey Democrat Yea
Ken Helm Democrat Yea
Mark Meek Democrat Yea
Nancy Nathanson Democrat Yea
Pam Marsh Democrat Yea
Paul Evans Democrat Yea
Rob Nosse Democrat Yea
Sue Rieke Smith Democrat Nay
Susan McLain Democrat Yea
Tawna Sanchez Democrat Yea
Cedric Hayden Republican Nay
Christine Drazan Republican Yea
Daniel Bonham Republican Nay
David Brock Smith Republican Nay
E. Werner Reschke Republican Nay
Kim Wallan Republican Nay
Mike McLane Republican Yea
Rick Lewis Republican Nay
Shelly Boshart Davis Republican Nay

Official roll call →

Third reading. Carried by Burdick. Passed.

Passed 18 Yea · 10 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 12802
Democrat 6000
Republican 0200
Total 181002
% of votes cast 60%33%0%7%
How each member voted (30)
Member Party Vote
Alan Olsen — Not Voting
Arnie Roblan — Yea
Betsy Johnson — Yea
Bill Hansell — Nay
Brian Boquist — Nay
Chuck Riley — Yea
Chuck Thomsen — Nay
Cliff Bentz — Nay
Dallas Heard — Nay
Dennis Linthicum — Nay
Elizabeth Steiner Hayward — Yea
Ginny Burdick — Yea
Herman Baertschiger Jr. — Nay
Jackie Winters — Not Voting
Laurie Monnes Anderson — Yea
Lee Beyer — Yea
Mark Hass — Yea
Michael Dembrow — Yea
Peter Courtney — Yea
Sara Gelser — Yea
Shemia Fagan — Yea
Tim Knopp — Nay
Floyd Prozanski Democrat Yea
James Manning Jr. Democrat Yea
Jeff Golden Democrat Yea
Kathleen Taylor Democrat Yea
Lew Frederick Democrat Yea
Rob Wagner Democrat Yea
Fred Girod Republican Nay
Kim Thatcher Republican Nay

Official roll call →

Subjects

finance environment labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 361 do?
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.
What is the current status of SB 361?
This bill has been enacted into law. Introduced January 14, 2019. Enacted.
Where can I track SB 361?
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