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Oregon bankers back cleanup to bank capital and public‑fund statutes, bill would allow more state bond holdings
Summary
Bankers said House Bill 2,971 would align statutory net‑worth language with regulator metrics (tier 1 capital), remove a 20% ceiling on certain investments and clarify public‑fund eligibility for banks using the Community Bank Leverage Ratio; proponents said changes are targeted at community banks.
House Bill 2,971, sponsored by Representative Gomberg, redefines “net worth” for statutes governing depositories of public funds and modifies allowable investments for certain financial institutions.
Kevin Christiansen, government affairs director for the Oregon Bankers Association, told the Senate committee the bill is intended as a cleanup and synchronization of statute with current regulatory practice. He said…
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