HB 4104
Plain-language analysis
Generated analysis, not an official summary or legal advice. Confirm with linked Oregon documents.
HB 4104 appropriates $10 million to the Oregon FISH and CHIPS Fund, expands state grant and loan eligibility to businesses that have not applied for federal semiconductor aid, lowers the minimum workforce requirement from ten to five employees, extends project compliance deadlines by three years, and allows funding for site development and research across broadly defined targeted industries. The measure effectively retains and redirects state economic development capital while deferring accountability through extended timelines.
Basis: Bill text · Source: A-Engrossed
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The extension of deadlines and lowering of thresholds suggests the original 2023 CHIPS program encountered slower federal matching or project delays, prompting legislative action to retain capital and capture non-semiconductor targeted industries for economic growth.
Basis: Inferred · Source: A-Engrossed
Gain access to state capital without federal CHIPS applications; eligibility expands to firms with five or more full-time employees previously excluded by the ten-employee threshold.
Basis: Bill text · Source: A-Engrossed
Gains expanded discretionary authority to award funds across broader industries and manage extended compliance timelines, with no additional staffing costs projected.
Basis: Bill text · Source: Fiscal Impact Statement A
Provides a one-time $10 million appropriation for the 2025-27 biennium, with no ongoing fiscal impact in subsequent biennia.
Basis: Bill text · Source: Fiscal Impact Statement A
May benefit from expanded site development partnerships, authorized fund transfers to child care infrastructure, and workforce training commitments tied to new facilities.
Basis: Bill text · Source: A-Engrossed
Eligibility expands to smaller firms and non-semiconductor sectors defined by OBDD discretion, lowering barriers to entry for early-stage or specialized manufacturers.
Basis: Bill text · Source: A-Engrossed
Compliance deadlines shift by three years, reducing near-term repayment risk for slow-moving projects but deferring revenue and job creation verification.
Basis: Bill text · Source: A-Engrossed
Funds can now cover land acquisition and research rather than solely fabrication or assembly, altering how capital is deployed across the supply chain.
Basis: Bill text · Source: A-Engrossed
Zero-interest loans up to $50 million (or higher with Governor notice) become available, with repayment triggered only if permits are not filed by 2030 or revenue/job targets are missed by 2036.
Basis: Bill text · Source: A-Engrossed
Mid-sized Oregon technology firm
Secures a $45 million zero-interest loan to construct a semiconductor research campus, hires over two hundred workers above regional median wages, and generates seventy-five million dollars in state and local revenue over the agreement term, fully satisfying compliance while retaining capital for federal matching.
Basis: Inferred · Source: A-Engrossed
Speculative developer or shell entity
Uses the expanded site development allowance to acquire land in a high-cost region, delays construction past 2030 due to market shifts, triggers repayment clauses, and forces OBDD to assign ten million dollars or more in delinquent debt to the Department of Revenue, straining collection resources while leaving the site undeveloped.
Basis: Inferred · Source: A-Engrossed
The text legally permits grants and loans for broadly defined targeted industries and allows capital allocation to site development without immediate construction mandates. Weak enforcement of the demonstrated ability to finance standard could enable speculative entities to secure state capital for land banking rather than actual manufacturing, with delayed compliance deadlines masking long-term non-performance until repayment is triggered.
Sources · A-Engrossed
Extending deadlines and broadening eligibility accelerates near-term economic development opportunities but defers accountability and increases the risk of capital being tied up in speculative or stalled projects for over a decade.
Captures more businesses, including smaller firms and non-semiconductor sectors previously excluded.
Basis: Bill text · Source: A-Engrossed
Reduces immediate compliance pressure, allowing projects to align with slower federal matching or market conditions.
Basis: Bill text · Source: A-Engrossed
Supports broader tech and manufacturing sectors through flexible site development and research allowances.
Basis: Bill text · Source: A-Engrossed
Delays fiscal recovery and revenue verification, extending the period during which state capital is at risk.
Basis: Bill text · Source: A-Engrossed
Expands discretionary OBDD authority to define targeted industries without statutory lists or public criteria.
Basis: Bill text · Source: A-Engrossed
Increases potential for long-term lock-up of state funds if projects fail to materialize or trigger repayment.
Basis: Bill text · Source: A-Engrossed
The current version explicitly inserts Sections 16 through 18, which appropriate $4 million from the General Fund and $6 million from the Administrative Services Economic Development Fund into the FISH & CHIPS Fund, alongside an emergency clause taking effect on passage. These provisions align with the prior A-Engrossed text but are formally codified in this amendment version. The substantive policy changes remain consistent with the A-Engrossed draft: renaming the fund, expanding eligibility to non-federal-applicant firms, lowering the employee threshold from 10 to 5, extending compliance deadlines by three years, and broadening allowable uses to site development and R&D for targeted industries.
Appropriations and emergency clause formally inserted into the enacted text structure; no substantive policy shifts from the A-Engrossed version.
Ensures funding authority and effective date are unambiguously codified in the final enrolled bill.
Sources · House Amendments to Introduced; A-Engrossed
Tradeoff: Extending deadlines and broadening eligibility accelerates near-term economic development opportunities but defers accountability and increases the risk of capital being tied up in speculative or stalled projects for over a decade.
high confidence. Analysis is grounded exclusively in the provided bill text and official legislative fiscal/staff summaries. No external speculation or unverified claims are included.
Possible effects if adopted; not current bill text.
The amendment would remove a statutory list of example industries from the bill's definition of targeted industries and appropriate $10 million ($4 million General Fund, $6 million Lottery Funds) to the Oregon Fostering Innovation Strength at Home and CHIPS Fund for the 2025-27 biennium. If adopted, it would immediately expand the Oregon Business Development Department's authority to award grants and loans to qualifying non-semiconductor businesses while increasing administrative and compliance obligations.
Basis: Stakeholder claim · Sources: Amendment -1 — proposed amendment; Fiscal Impact Statement A
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The amendment likely aims to grant the Oregon Business Development Department broader administrative discretion to define eligible sectors without statutory constraints, while pairing that flexibility with immediate funding to activate an expanded economic development program.
Basis: Inferred · Sources: Amendment -1 — proposed amendment; Staff Measure Summary A
Gain eligibility for state grants and loans if designated as a targeted industry by OBDD, provided they have at least five Oregon employees and can finance/operate a facility for manufacturing, research, or site development.
Basis: Inferred · Sources: Introduced; Staff Measure Summary A
Receives $10 million in new funding and expanded authority to define targeted industries, requiring immediate development of application processes, review criteria, and compliance monitoring within the 2025-27 biennium.
Basis: Inferred · Sources: Fiscal Impact Statement A; Staff Measure Summary A
Fund the $10 million appropriation from General Fund and Lottery sources with no guaranteed revenue impact, bearing the risk of unrecouped funds if projects fail to meet job or revenue thresholds.
Basis: Inferred · Sources: Fiscal Impact Statement A; IS_Impact HB 4104 1
Eligibility expands beyond semiconductor-focused firms to any sector OBDD designates as targeted, lowering the employee threshold to five and permitting use of funds for site development, research and development, and workforce partnerships. Immediate deployment requires OBDD to establish application workflows, review panels, and compliance tracking within the current biennium. Repayment obligations, prevailing wage requirements, and state/local revenue or job creation commitments remain enforceable under existing statutory provisions.
Basis: Inferred · Sources: Amendment -1 — proposed amendment; Introduced; Fiscal Impact Statement A
Emerging cross-sector industries and regional economies
OBDD rapidly identifies a high-growth sector such as battery materials or advanced agriculture technology, awards grants to five qualifying firms that meet the expanded eligibility criteria, and catalyzes a statewide supply chain that generates over $50 million in long-term state revenue and thousands of permanent full-time jobs exceeding regional median wages.
Basis: Inferred · Sources: Fiscal Impact Statement A; Introduced
State treasury and program integrity
OBDD designates a politically connected but economically marginal sector as targeted, awards funds to businesses that fail to meet job or revenue thresholds, and lacks capacity to enforce repayment clauses, resulting in a net loss of $10 million with minimal economic return and delayed workforce development.
Basis: Inferred · Sources: Fiscal Impact Statement A; Introduced
The statute grants administrative discretion without explicit guardrails on how targeted industries are selected or verified, creating opportunities for misclassification of federal assistance status or relaxation of compliance standards if monitoring resources are insufficient.
Sources · Amendment -1 — proposed amendment; Introduced
The measure trades statutory specificity and predictable industry targeting for administrative flexibility and immediate funding, potentially accelerating cross-sector innovation while increasing the risk of misallocated resources or weakened oversight.
Faster deployment of capital to emerging sectors with high growth potential; broader economic reach beyond semiconductor manufacturing; adaptive policy that allows OBDD to respond to market shifts without legislative amendment.
Basis: Inferred · Source: Staff Measure Summary A
Reduced legislative guardrails on sector selection; higher administrative and compliance burden for OBDD to monitor expanded eligibility; increased risk of funds flowing to lower-impact projects if repayment enforcement or revenue tracking is insufficient.
Basis: Inferred · Sources: Fiscal Impact Statement A; Introduced
high confidence. Analysis is grounded in the explicit text of the proposed amendment, official fiscal and staff summaries, and current bill provisions. No speculative litigation, sponsor motive, or external event claims are included.
If adopted, the amendment would appropriate $10 million ($4 million General Fund and $6 million Lottery Funds) to the Oregon Fostering Innovation Strength at Home and CHIPS Fund for the 2025-27 biennium and remove statutory examples of eligible industries, granting the Oregon Business Development Department broader discretion to define targeted sectors without legislative approval.
Basis: Inferred · Sources: Amendment -1 — proposed amendment; Fiscal Impact Statement A
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
Removing enumerated industry examples from the statutory definition likely aims to give the Oregon Business Development Department flexibility to reallocate funds toward emerging or shifting economic sectors without requiring future legislative amendments.
Basis: Inferred · Source: Introduced
Receives $10 million in new funding for the 2025-27 biennium and gains expanded statutory discretion to define eligible industries, increasing administrative oversight responsibilities.
Basis: Inferred · Sources: Amendment -1 — proposed amendment; Fiscal Impact Statement A
Gain eligibility for state grants or zero-interest loans if they meet the revised covered entity criteria (including a lowered threshold of five Oregon employees) and have not applied for federal semiconductor assistance.
Basis: Inferred · Sources: Staff Measure Summary A; Introduced
Experience a one-time $4 million outlay and a $6 million allocation from the Administrative Services Economic Development Fund, with no ongoing fiscal impact beyond the biennium.
Basis: Inferred · Source: Fiscal Impact Statement A
The Oregon Business Development Department must establish expenditure limitations to properly budget the deposited funds, though existing department resources can absorb the programmatic workload.
Basis: Inferred · Source: Fiscal Impact Statement A
Businesses may apply for up to $50 million in grants or zero-interest loans (up to 10 years) for site development, research and development, or workforce partnerships, with compliance tied to state and local revenue generation ($1.25 million to $1.5 million per $1 million awarded) or job creation commitments.
Basis: Inferred · Source: Introduced
The emergency declaration triggers immediate effect upon passage, accelerating fund deployment and application windows.
Basis: Inferred · Source: Amendment -1 — proposed amendment
State Economy and High-Growth Firms
The department rapidly directs the full $10 million to a single high-impact semiconductor or advanced manufacturing facility that creates thousands of permanent jobs and generates substantial long-term tax revenue, successfully leveraging state funds to secure additional private investment.
Basis: Inferred · Source: Fiscal Impact Statement A
State Treasury and Fund Recipients
A business with minimal Oregon operations (meeting only the five-employee threshold) secures a large grant for speculative research and development, fails to meet revenue or job thresholds by 2036, triggers repayment liability, and forces the Department of Revenue to pursue collection against an insolvent entity, leaving the fund depleted without economic returns.
Basis: Inferred · Source: Introduced
The statutory removal of industry examples combined with a low employee threshold creates discretion that could be exploited if oversight standards are not strictly applied.
Sources · Amendment -1 — proposed amendment; Introduced
The measure trades statutory specificity and legislative control over industry definitions for administrative flexibility and accelerated economic development funding. Upsides include faster adaptation to market shifts and expanded access to state capital for qualifying businesses. Downsides involve reduced transparency, potential misallocation of public funds away from originally intended sectors, and increased reliance on agency discretion without clear performance guardrails.
Faster adaptation to market shifts and expanded access to state capital for qualifying businesses.
Basis: Inferred · Source: Staff Measure Summary A
Reduced transparency, potential misallocation of public funds away from originally intended sectors, and increased reliance on agency discretion without clear performance guardrails.
Basis: Inferred · Source: Amendment -1 — proposed amendment
high confidence. Analysis is grounded in the explicit amendment text, official fiscal impact statements, and staff measure summaries. Inferences are clearly labeled and bounded to statutory language.
18 records currently loaded
Records available in the current snapshot.
Earliest loaded signal
Introduced bill text posted
Posted Jan 28, 2026, 3:25 PM PST
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Selected document summary
Substantial replacement
What the document says to change
delete lines 13 through 24 and insert:
No deeper official pre-number history was found.
Chief sponsors: Senator Janeen Sollman, Senator Mark Meek, Representative Daniel Nguyen
Regular sponsors: Representative Tom Andersen, Representative Matt Bunch, Representative Shannon Isadore, Representative Cyrus Javadi, Representative Bobby Levy, Representative Sue Rieke Smith, Representative Lamar Wise, Senator Anthony Broadman, Senator Lew Frederick, Senator Deb Patterson
Records already listed in Activity are not repeated here.
Official origin records are incomplete; missing facts are not inferred.
Yex Labs LLC should monitor this measure because the supplied artifact supports small-business incentives, grants, and tax policy and a plausible but not yet specific effect.
68% confidence · deterministic fallback
18 events
Full timeline
18 entries shown.
In committee upon adjournment.
House Amendments to Introduced bill text posted
Referred to Ways and Means by prior reference.
Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.
Work Session held.
Work Session
Heard and Reported Out with Amendments · Agenda item 3 · Room HR F · Authorizes Oregon CHIPS Fund grants and loans to businesses that are eligible for federal semiconductor financial assistance under the CHIPS Act but have not applied for it.
IS_Impact HB 4104 1
Revenue Impact Statement
Amendment -1 adopted
Public Hearing held.
Public Hearing
Heard · Agenda item 3 · Room HR F · Authorizes Oregon CHIPS Fund grants and loans to businesses that are eligible for federal semiconductor financial assistance under the CHIPS Act but have not applied for it.
Amendment -1 proposed
Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
First reading. Referred to Speaker's desk.
industries” and appropriates $10 million to the FISH & CHIPS Fund. BACKGROUND: Senate Bill 4 (2023) directed Business Oregon to award grants and make loans from the Oregon
tor companies applying for federal CHIPS and Science Act resources. Pursuant to SB 4, any money remaining in the CHIPS Fund reverted to the General Fund on June 30,
poses, including workforce, the CHIPS Child Care Fund and the General Fund. Per SB 4 (2023), any unallocated balance in the CHIPS fund reverted to the General Fund
“Authorizes Oregon CHIPS Fund grants and loans to businesses that are eligible for federal semiconductor financial assistance under the CHIPS Act but have not applied for it.”
Confirm with the official record.
Supplemental, source-linked analysis from project researchers and community contributors. It is separate from Oregon's official record.