Committees in both the House and Senate are considering a bill intended to make loaning to small businesses easier on community banks.
As the bills stand, most consumers would never make deposits or do other business with the state bank. It can better be understood as a banker’s bank, fortifying community bank loans.
House Bill 3452 and Senate Bill 889, are pared down versions of their original drafts, which aimed to create the country’s second state-owned bank modeled after the Bank of North Dakota. Opponents say a state bank is not necessary and would not succeed in Oregon, which differs greatly with North Dakota in economical and political climate.
What’s your position on a state-owned bank? How would a state-owned bank gel with your values?
- Barbara Dudley: Co-chair of the Oregon Working Families Party
- Linda Navarro: President and CEO of Oregon Bankers Association