KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB3250 • 2025

Prohibits the Oregon Investment Council, the State Treasurer and managers from considering nonfinancial factors when directing or managing the investment of the Public Employees Retirement Fund.

Prohibits the Oregon Investment Council, the State Treasurer and managers from considering nonfinancial factors when directing or managing the investment of the Public Employees Retirement Fund.

Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Reschke
Last action
2025-06-27
Official status
In House Committee
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. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-01-24 House

    Referred to Emergency Management, General Government, and Veterans.

  3. 2025-01-21 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act says that persons who invest PERS moneys may not consider factors that do not relate to financial risk or return. (Flesch Readability Score: 61.4).
Prohibits the Oregon Investment Council, the State Treasurer and managers from considering nonfinancial factors when directing or managing the investment of the Public Employees Retirement Fund.
Relating to: Relating to consideration of nonfinancial factors in managing state investments.
Current location: In House Committee