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HB2081 • 2025

Directs the Oregon Investment Council and the State Treasurer to take certain actions to manage the risks of climate change to the Public Employees Retirement Fund.

Directs the Oregon Investment Council and the State Treasurer to take certain actions to manage the risks of climate change to the Public Employees Retirement Fund.

Labor
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action
2025-07-25
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-07-25 House

    Chapter 433, (2025 Laws): Effective date September 26, 2025.

  2. 2025-06-26 House

    Governor signed.

  3. 2025-06-18 House

    Speaker signed.

  4. 2025-06-18 Senate

    President signed.

  5. 2025-06-16 Senate

    Third reading. Carried by Meek. Passed. Ayes, 18; Nays, 10--Bonham, Girod, Hayden, Linthicum, McLane, Nash, Robinson, Smith DB, Starr, Thatcher; Excused, 2--Gorsek, Weber.

  6. 2025-06-12 Senate

    Carried over to 06-16 by unanimous consent.

  7. 2025-06-11 Senate

    Carried over to 06-12 by unanimous consent.

  8. 2025-06-10 Senate

    Carried over to 06-11 by unanimous consent.

  9. 2025-06-09 Senate

    Carried over to 06-10 by unanimous consent.

  10. 2025-06-05 Senate

    Recommendation: Do pass the A-Eng. bill.

  11. 2025-06-05 Senate

    Second reading.

  12. 2025-06-02 Senate

    Work Session held.

  13. 2025-05-19 Senate

    Public Hearing held.

  14. 2025-05-05 Senate

    First reading. Referred to President's desk.

  15. 2025-05-05 Senate

    Referred to Finance and Revenue.

  16. 2025-05-01 House

    Third reading. Carried by Grayber. Passed. Ayes, 36; Nays, 18--Boice, Breese-Iverson, Cate, Diehl, Drazan, Edwards, Elmer, Harbick, Helfrich, Levy B, Lewis, Mannix, Osborne, Owens, Scharf, Wallan, Wright, Yunker; Excused, 4--Boshart Davis, Helm, Nguyen H, Skarlatos; Excused for Business of the House, 2--McIntire, Reschke.

  17. 2025-04-30 House

    Second reading.

  18. 2025-04-29 House

    Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.

  19. 2025-04-29 House

    Subsequent referral to Ways and Means rescinded by order of the Speaker.

  20. 2025-04-24 House

    Work Session held.

  21. 2025-04-22 House

    Public Hearing held.

  22. 2025-01-17 House

    Referred to Revenue with subsequent referral to Ways and Means.

  23. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

<b>Digest: The Act requires the OIC and the State Treasurer to take actions to manage climate risks to the PERS fund. (Flesch Readability Score: 76.5).</b>
[<i>Digest: The Act directs the LRO to study the state financial system. (Flesch Readability Score: 72.6).</i>]
[<i>Requires the Legislative Revenue Officer to study the state financial system. Directs the Legislative Revenue Officer to submit findings to the interim committees of the Legislative Assembly related to revenue not later than December 1, 2026.</i>]
<b>Directs the Oregon Investment Council and the State Treasurer to take certain actions to manage the risks of climate change to the Public Employees Retirement Fund.
Takes effect on the 91st day following adjournment sine die.</b>
Relating to: Relating to state finance; and prescribing an effective date.
Current location: Chapter Number Assigned