05/28/25

The Ohio Bankers League (OBL) continues to stay engaged at the Statehouse as lawmakers work toward finalizing the state operating budget (HB 96) by the June 30 deadline. OBL has been actively advocating for the inclusion of a fix to the Homebuyer Plus Program, which would clarify the tax treatment of ineligible withdrawals and provide a 60-day grace period for replacing funds. The Senate is expected to release its substitute budget in early June, with a vote slated by mid-month.

In addition to the budget, several bills are under close watch. SB 135 proposes reforms to foreclosure and estate sale procedures, while OBL is pushing back on a proposed amendment that would require lenders to reimburse private selling officers for cancelled sales. SB 157 would further reduce the statute of limitations for contract enforcement, though existing carveouts for banking contracts remain intact. SB 30, requiring retail merchants to accept cash, and companion bills HB 1/SB 88 restricting foreign ownership of land near critical infrastructure, are also advancing. Meanwhile, HB 257 proposes new consumer protections around medical debt, and SB 192 has started a conversation regarding a new rural housing infrastructure program that could be added to the Ohio budget bill.

On the political front, Ohio’s 2026 gubernatorial race is beginning to take shape with AG Dave Yost dropping out and speculation growing around possible runs by Sherrod Brown and Tim Ryan. The state will also undergo another round of redistricting this year, and a proposed constitutional amendment to eliminate property taxes has entered the signature-gathering phase, drawing bipartisan opposition.

Finally, bankers are encouraged to attend OBL’s Day at the Capitol on June 3 to engage directly with legislators on top issues, including credit union access to public funds, credit card legislation, and housing policy. A related Ohio BankPac fundraiser will be held May 30 at Muirfield Village in conjunction with the Memorial Tournament.

OBL remains committed to advancing pro-banking policies and keeping members informed during this critical legislative window. If you have any feedback or questions regarding any of the items mentioned in this article, please contact the OBL Government Relations Team.