VOTE:NO
Died In Committee on 06-26-21
Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/HB2161
Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2021R1/Committees/HERP/Overview
This bill creates a study of laws focused on supporting the long-term economic success of those who experience systemic economic disadvantages in business creation, as well as access to traditional capital and wealth creation redistributing wealth to small businesses owned by members of minorities. It is at the request of Governor Kate Brown.
Personal Choice and Responsibility
Oregon’s population is 85.06% white. So this bill represents 15% of the total population. How much does the 85% have to give through taxes, jobs, opportunities, businesses because government is picking winners and losers?
Fiscal Responsibility
HB 2161 is suppose to bridge the gap of the economic inequities in historically-underserved and marginalized communities through establishing new programs at Business Oregon.
Limited Government
Promoting economic development and empowerment through grounding racial justice and providing access to capital specifically for businesses owned by people of color, and underserved entrepreneurs, build equitable access to capital, reduce barriers posed by collateral requirements, and enhance efforts to enable mobility and opportunity towards a safe, secure, and resilient quality of life for the underprivileged in Oregon. At what point do we get to “reverse discrimination?” The majority of bills introduced have some overriding benefit or handout to the ‘underprivileged’ to such an extent that socialism has taken over.
What’s the buzz?