Environment
Mixed / Neutral
50%
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
StateOregonIntroduced
HB 4116: Relating to consumer finance loans; and prescribing an effective date.
Nathan Sosa
HB 4116 status: Introduced — Chapter 113, (2026 Laws): Effective date June 5, 2026 (updated Apr 13, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
70OUT OF 100
Score:70/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 65/100
Earlier scoring method. Reanalyze to use the sector calculation.
Constitutionality95%
Bipartisan60%
Public opinion75%
Bill summary
Declares that this state does not want the amendments set forth in section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 to apply to consumer finance loans made in this state. Specifies persons to whom the consumer finance laws of this state apply and circumstances in which the laws apply. Specifies the requirements for an application for a license to make consumer finance loans in this state. Takes effect on the 91st day following adjournment sine die.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
55%
Benefits
- Strengthens state usury protections for residents
- Increases regulatory oversight of consumer lenders
Risks
- Potential reduction in availability of certain high-risk credit products
- Higher compliance costs for financial institutions operating in Oregon
Society
Positive outlook
70%
Benefits
- Prevents predatory lending practices by opting out of federal rate preemption
- Centralizes consumer protection authority under state law
Risks
- Possible reduction in short-term credit access for underbanked populations
Technology Industry
Not scored in this analysis.
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Civic Accountability
Not scored in this analysis.
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Public Health & Safety
Not scored in this analysis.
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03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Analysis based on abstract; full regulatory text for new licensing requirements not reviewed
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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