SB 571 Oregon Senate · 2023 Regular Session

Relating to ABLE accounts.

Summary
Requires employer to offer contribution to ABLE account in lieu of contribution to retirement account. ] Requires employer to offer payroll deduction for ABLE account in lieu of deduction for OregonSaves account. ] Requires State Treasurer to provide information to specified individuals regarding options relating to ABLE accounts and retirement accounts. Requires State Treasurer to establish process to direct payroll deductions to ABLE account in lieu of OregonSaves account. ] Becomes operative January 1, 2025. ] Directs Oregon 529 Savings Board to provide information to designated beneficiaries of ABLE accounts regarding potential impact to benefits and services if contributions are made to workplace retirement account.
Bill status signed all 5 stages cleared
Introduction
Jan 2023
Committee Review
May 2023
Senate Passage
May 2023
House Passage
May 2023
Signed into Law
Jun 2023
Introduced Jan 9, 2023 Signed Jun 6, 2023
Floor votes · Senate Apr 11, 2023 · House May 23, 2023

How they voted

280
Passed · 1 other
Total votes 29
Apr 11, 2023
D Democratic17
16 Yea 1
94% Yea
I Independent1
1 Yea
100% Yea
R Republican11
11 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
7
Committee
4
Jun 6, 2023
Signed into law
Governor signed.
upper
May 26, 2023
Lower · Passed
Speaker signed.
lower
May 25, 2023
Upper · Passed
President signed.
upper
May 23, 2023
Lower · Passed
Third reading. Carried by Andersen. Passed.
lower
May 15, 2023
Lower · Passed
Recommendation: Do pass.
lower
Apr 14, 2023
Committee
Referred to Early Childhood and Human Services.
lower
Apr 11, 2023
Introduced
First reading. Referred to Speaker's desk.
lower
Apr 11, 2023
Upper · Passed
Third reading. Carried by Gelser Blouin. Passed.
upper
Mar 31, 2023
Upper · Passed
Recommendation: Do pass with amendments. (Printed A-Eng.)
upper
Jan 12, 2023
Committee
Referred to Labor and Business.
upper
Jan 9, 2023
Introduced
Introduction and first reading. Referred to President's desk.
upper
3 primary · 2 co-sponsors

Sponsors