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Bill stalled by Republican walkout in Salem has broad support but may run out of time before it makes it in and out of Ways and Means and to a floor vote.

COURTESY: OREGON ENTREPRENEURS NETWORK - Entrepreneurs gathered in Portland  in January to discuss alternative sources of investment, which HB 4033 would encourge.

Like a lot of other legislation, House Bill 4033 is stalled until Republicans in Salem gets back to work. The bill is designed to make access to capital easier for rural and minority entrepreneurs. Proponents are trying to advance three concepts: Loan loss reserve, a study o fwhat entrepreneurs need, and adding money to the Oregon Growth Fund. https://pamplinmedia.com/but/239-news/450371-366764-hb-4033-time-to-update-our-approach-to-economic-development

4033 passed out of the House Rules Committee 7-0 on Fri 21st Feb. It is now waiting to be scheduled to Ways and Means to see if it could be funded. (Even during a walkout the Legislature can have committee meetings because they only require a simple majority.) It is considered a priority for House Democrats. If it makes it out of Way and Means it would need to be voted on in both chambers. Although the bill has broad support, time is against it.


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