PRIA Logo™
OregonHB 41282026 Regular SessionHouseWALLET

Relating to sale of single-family residences.

Sponsored By: Ben Bowman (Democratic), Courtney Neron Misslin (Democratic), Dacia Grayber (Democratic), Lamar Wise (Democratic), Lew Frederick (Democratic)

Became Law

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

Disclosures and penalties for investor buys

If a covered entity relies on the 90‑day listing exception, it must give the seller a completed, notarized disclosure and send a copy to the Oregon Department of Justice within three days. The Department posts these disclosures and keeps them online for at least five years. The Attorney General can investigate and sue to enforce the rules. Penalties can reach up to $250,000 for an illegal purchase and up to $10,000 for failing to file forms, plus investigation costs and attorney fees. Recovered money goes to the DOJ Protection and Education Revolving Account, and the law lets DOJ use that account to fund these enforcement cases.

Limits on large investors buying homes

The law limits when large, funded investors can buy fee title to single‑family homes. A covered entity is an institutional investor or an entity it funds. An institutional investor meets three tests: scale of ownership (2,500+ single‑family homes or 10% interests in 2,500+), serves as a fiduciary for pooled investor funds, and manages $1 billion or more in assets on any day in the current tax year. The $1 billion threshold is adjusted each year starting in 2026 using the Consumer Price Index for All Urban Consumers, West Region (All Items). A single‑family residence excludes any “middle housing” defined in ORS 197A.420. Covered entities may buy only if an exception applies, including: the home will be the owner’s principal residence; it uses government funds; it is tenant‑occupied or built for tenants; it is an off‑market sale; it is acquired by foreclosure or similar process; or it has been publicly listed for at least 90 straight days. These rules apply to offers made on or after the law’s effective date.

Sponsors & Cosponsors

Sponsors

  • Ben Bowman

    Democratic • House

  • Courtney Neron Misslin

    Democratic • Senate

  • Dacia Grayber

    Democratic • House

  • Lamar Wise

    Democratic • House

  • Lew Frederick

    Democratic • Senate

Cosponsors

  • Cyrus Javadi

    Democratic • House

  • David Gomberg

    Democratic • House

  • Deb Patterson

    Democratic • Senate

  • Hai Pham

    Democratic • House

  • James Manning Jr.

    Democratic • Senate

  • Ken Helm

    Democratic • House

  • Khanh Pham

    Democratic • Senate

  • Lesly Muñoz

    Democratic • House

  • Lisa Fragala

    Democratic • House

  • Lisa Reynolds

    Democratic • Senate

  • Mari Watanabe

    Democratic • House

  • Mark Gamba

    Democratic • House

  • Nancy Nathanson

    Democratic • House

  • Nathan Sosa

    Democratic • House

  • Rob Nosse

    Democratic • House

  • Shannon Isadore

    Democratic • House

  • Sue Rieke Smith

    Democratic • House

  • Thuy Tran

    Democratic • House

  • Tom Andersen

    Democratic • House

  • Willy Chotzen

    Democratic • House

  • Wlnsvey Campos

    Democratic • Senate

  • Zach Hudson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 114 • No: 42

House vote • 3/4/2026

House concurred in Senate amendments and repassed bill.

Yes: 38 • No: 18

Senate vote • 3/2/2026

Third reading. Carried by Neron Misslin. Passed.

Yes: 26 • No: 2

Senate vote • 2/24/2026

Housing and Development: Heard and Reported Out with Amendments

Yes: 5 • No: 0

House vote • 2/19/2026

Third reading. Carried by Bowman. Passed.

Yes: 38 • No: 16

House vote • 2/12/2026

Housing and Homelessness: Heard and Reported Out with Amendments

Yes: 7 • No: 6

Actions Timeline

  1. Chapter 64, (2026 Laws): Effective date January 1, 2027.

    4/6/2026House

  2. Governor signed.

    3/31/2026House

  3. President signed.

    3/6/2026Senate

  4. Speaker signed.

    3/5/2026House

  5. House concurred in Senate amendments and repassed bill.

    3/4/2026House

  6. Third reading. Carried by Neron Misslin. Passed.

    3/2/2026Senate

  7. Carried over to 03-02 by unanimous consent.

    2/27/2026Senate

  8. Second reading.

    2/26/2026Senate

  9. Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)

    2/25/2026Senate

  10. Public Hearing and Work Session held.

    2/24/2026Senate

  11. Referred to Housing and Development.

    2/19/2026Senate

  12. First reading. Referred to President's desk.

    2/19/2026Senate

  13. Third reading. Carried by Bowman. Passed.

    2/19/2026House

  14. Rules suspended. Carried over to February 19, 2026 Calendar.

    2/18/2026House

  15. Second reading.

    2/17/2026House

  16. Recommendation: Do pass with amendments and be printed A-Engrossed.

    2/16/2026House

  17. Work Session held.

    2/12/2026House

  18. Public Hearing held.

    2/10/2026House

  19. Referred to Housing and Homelessness.

    2/2/2026House

  20. First reading. Referred to Speaker's desk.

    2/2/2026House

Bill Text

  • Enrolled

    3/4/2026

    PDF

  • B-Engrossed

    2/25/2026

    PDF

  • Senate Amendments to A-Engrossed

    2/25/2026

    PDF

  • SHDEV Amendment -A5 (Adopted)

    2/24/2026

    PDF

  • A-Engrossed

    2/16/2026

    PDF

  • House Amendments to Introduced

    2/16/2026

    PDF

  • HHOUSH Amendment -2 (Adopted)

    2/12/2026

    PDF

  • HHOUSH Amendment -2 (Proposed)

    2/10/2026

    PDF

  • Introduced

    1/28/2026

    PDF

Related Bills

Back to State Legislation