Oregon House Bill 2714

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
Pending: House Economic Development, Small Business, and Trade Committee
Text: Latest bill text (Introduced) [PDF]

Tells the State Treasurer to create a program to offer loans to small businesses that cannot operate at their usual levels during an emergency. Sets out how a business will qualify for a loan. Allows bonds to fund the program. (Flesch Readability Score: 62.1). Directs the State Treasurer to develop and implement a small business support loan program that aids in supporting the economic activities of small businesses during times in which small businesses cannot conduct business activities at an ordinary or customary level because of a statewide or regional emergency or other significant disruption of business activity. Specifies the structure and funding for the program and describes features that the program must include. Specifies eligibility for small business support loans. Authorizes the State Treasurer to issue bonds to fund the program. Establishes the Small Business Support Loan Fund. Declares an emergency, effective on passage.

Relating to support loans for small business activity in this state; declaring an emergency.

Rep. Paul Evans [D]

Date	Chamber	Action
2025-01-17	House	Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
2025-01-13	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2714
Text	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2714/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83691