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OR HJR7

Joint Resolution

Official Source

Status

Failed

6/27/2025

Primary Sponsor

Paul Evans

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Amends Article XI, Section 1 of the Oregon Constitution to create an explicit exception allowing the State of Oregon to own or operate a bank
  • Current constitutional language prohibits the Legislative Assembly from establishing or incorporating any bank or banking company
  • Adds new subsection clarifying that the existing banking restriction does not apply to state-owned or state-operated banks
  • Requires voter approval at the next regular general election before the constitutional amendment takes effect
  • Sponsored by Representative Evans and filed as a presession measure for the 2025 Regular Session

Legislative Description

Proposing an amendment to the Oregon Constitution relating to banks.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Rules1/17/2025

Full Bill Text

No bill text available