Create the small defense business linked deposit program

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill establishes a Small Defense Business Linked Deposit Program that allows the state treasurer to place up to 12% of Ohio’s investment portfolio into special deposits with eligible credit unions or lending institutions. Those institutions must then lend the deposited amount to qualified Ohio‑based defense firms at a reduced rate, and the program keeps borrower information confidential. It aims to spur job creation and growth in the state’s defense sector without charging fees for loan applications.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Senate Financial Institutions, Insurance and Technology: S. B. No. 160, S. B. No. 175, Sub. H. B. No. 220, S. B. No. 338, S. B. No. 336, S. B. No. 256, Am. H. B. No. 332, Am. H. B. No. 21, Trevor Black - Banking Commission, Tracey Craig - Banking Commission, Chauncey Cochran - Bureau of Workers' Compensation Board of Directors, Peggy Griffith - Bureau of Workers' Compensation Board of Directors, David Johnson - Bureau of Workers' Compensation Board of Directors
  Senate Financial Institutions, Insurance and Technology · Jun 9, 2026
• Senate Financial Institutions, Insurance and Technology: S. B. No. 343, S. B. No. 227, S. B. No. 337, S. C. R. No. 14, S. R. No. 261, Am. H. B. No. 332, S. B. No. 160, Am. H. B. No. 21
  Senate Financial Institutions, Insurance and Technology · May 12, 2026
• House Small Business: H. B. No. 332, H. B. No. 568, H. B. No. 615
  House Small Business · Feb 17, 2026
• House Small Business: H. B. No. 268, H. B. No. 332
  House Small Business · Oct 21, 2025
• House Small Business: H. B. No. 268, H. B. No. 332
  House Small Business · Oct 14, 2025

History

1. Mar 4, 2026Referred to committee
2. Feb 26, 2026Introduced
3. Feb 25, 2026Passed
4. Feb 18, 2026Reported - Amended
5. Jun 11, 2025Referred to committee
6. Jun 3, 2025Introduced

Sponsors

• Ty Mathews (R) · sponsor
• David Thomas
• Josh Williams
• Kellie Deeter
• Mark Hiner
• Tex Fischer
• Ty D. Mathews

Bill text

Opens the legislature’s own copy.

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