I'm not really sure why this bill has been introduced. Is it to solve some problem? Bike theft? The licensing system will somehow curb theft... Too many bikes? At $54 per bike, people may think twice about buying a bike.
All I know, is that it would cost way more to register my bikes than my car! I guess the bill only penalizes those over 18 for not registering, so I think we can get away with not registering the boys' bikes. That said, we're still looking at $324 every two years for our bikes, and $131 for our car (and $10 of that registration fee goes to the BTA!).
So of course I'm opposed to the bill.
Read about it at BikePortland.
[Update: Jonathan Maus, the Editor of Bike Portland interviewed the primary sponsor, Rep. Wayne Krieger (R-Gold Beach). Apparently, for Representative Krieger, it's a matter of equity. If bicyclists want to be treated equally, he believes we should pay our fair share. I could agree with him, but I believe $54 per bike is too steep. Perhaps it it be a percentage of the value of the bike, or something like that.]