Treasury Transparency Bill (HB4115-3)

Treasury Transparency Bill

(HB4115-3)

Our Treasury Transparency bill HB4115-3 passed the Oregon State House and then ran out of time to be considered by the Senate during the short 2022 Feb-March session. The original bill language is here.


Transparency from the Treasury is the first step in addressing the risks of climate change to Oregonians. Evaluating the climate risk of investments is crucial in order to make a plan to address those risks. Divest Oregon continues to pursue the goals of the bill through other avenues.

The bill was written to mandate that the Treasury disclose all of the assets they manage; prior to the drafting of this bill the Oregon Treasury did not list public equity nor fixed assets investments on their website. 

After we filed a public records request AND got a bill submitted to the legislature, the Treasury posted the investments in the two missing asset classes. Victory!

Information on private equity holdings are shielded by listing just huge funds rather than the specific investments. Private equity assets are exempted from disclosure to the public by existing Oregon statute. We chose to amend the bill to reflect that statutory protection rather than have it killed outright.

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