Relating to Oregon financial institutions that receive funds from the Troubled Asset Relief Program; declaring an emergency.
Catchline/Summary:
Directs specified interim legislative committees to review operations of specified financial institutions that receive funds from Troubled Asset Relief Program to ensure institutions meet goals and obligations of program.Creates Task Force on Oversight of Financial Institutions Receiving Funds from the Troubled Asset Relief Program. Provides that task force shall evaluate need for regulation of operations of financial institutions licensed, certified or chartered in this state that receive funds from program.]
Directs specified interim legislative committees to review operations of specified financial institutions that receive funds from Troubled Asset Relief Program to ensure institutions meet goals and obligations of program.
Sunsets task force] on date of convening of next regular biennial legislative session.
Declares emergency, effective on passage.
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HB 2784 Senate Committee On Business and Transportation
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