Oklahoma legislation · 2026 Regular Session
Oklahoma HB1170: Public finance; Public Finance Protection Act; terms; standard of care; nonpecuniary factors; vote; authority; proxy votes; Attorney General; immunity; indemnification; severability; codification.
Status: In committee, May 4, 2026
What the bill says
From the engrossed text, April 22, 2026:
SENATE FLOOR VERSION April 21, 2026 AS AMENDED ENGROSSED HOUSE BILL NO. 1170 By: Lepak of the House and Daniels and Jett of the Senate [ public finance - fiduciary's standard of care - nonpecuniary factors - authority - proxy votes - notice - Attorney General - immunity - indemnification - severability - codification ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 9101 of Title 62, unless there is created a duplication in numbering, reads as follows: This act shall be known and may be cited as the "Oklahoma Public Finance Protection Act". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 9102 of Title 62, unless there is created a duplication in numbering, reads as follows: As used in the Oklahoma Public Finance Protection Act: 1. "Fiduciary" means a person who, with respect to a pension benefit plan: SENATE FLOOR VERSION - HB1170 SFLR Page (Bold face denotes Committee Amendments) a. exercises any discretionary authority or discretionary control respecting management of such plan or exercises any authority or control respecting management or disposition of its assets, b. renders investment advice for a fee or other compensation, direct or …
Sponsors
- Micheal Bergstrom (R, SD-001)
- Roland Pederson (R, SD-019)
- Casey Murdock (R)
- David Bullard (R, SD-006)
- Darrell Weaver (R, SD-024)
- George Burns (R, SD-005)
- Warren Hamilton (R, SD-007)
- Shane Jett (R)
- Tom Woods (R, SD-004)
- Todd Gollihare (R, SD-012)
- Jerry Alvord (R, SD-014)
- Ronald Stewart (D, HD-073)
Latest actions
- : Coauthored by Senator Guthrie, McIntosh, Logan, Frix, Wingard, Deevers, Sacchieri, Grellner, Standridge, Prieto, Bullard, Weaver, Murdock, Hines, Hamilton, Bergstrom, Pederson, Gollihare, Woods, Burns, Reinhardt
- : Coauthored by Senator Thompson
- : Coauthored by Senator Seifried
- : Coauthored by Senator Alvord
- : Coauthored by Senator Stewart
- : Placed on General Order
- : Title stricken
- : Reported Do Pass as amended Retirement and Government Resources committee; CR filed
- : Coauthored by Senator Jett
- : Second Reading referred to Retirement and Government Resources
Votes
- Senate Retirement & Government Resources Committee (April 21, 2026): 6 yea, 2 nay, passed
- Third Reading (March 25, 2026): 51 yea, 42 nay, passed
- Floor Vote (March 25, 2026): 63 yea, 30 nay, failed
- Government Oversight Committee (March 4, 2025): 12 yea, 3 nay, passed
- Banking, Financial Services and Pensions Committee (February 19, 2025): 7 yea, 1 nay, passed
Common questions
- What is HB1170?
- HB1170 is a bill in the Oklahoma Legislature (2026 Regular Session): Public finance; Public Finance Protection Act; terms; standard of care; nonpecuniary factors; vote; authority; proxy votes; Attorney General; immunity; indemnification; severability; codification.
- What is the status of HB1170?
- In committee as of May 4, 2026. Latest action: Coauthored by Senator Guthrie, McIntosh, Logan, Frix, Wingard, Deevers, Sacchieri, Grellner, Standridge, Prieto, Bullard, Weaver, Murdock, Hines, Hamilton, Bergstrom, Pederson, Gollihare, Woods, Burns, Reinhardt (May 4, 2026).
- Who sponsored HB1170?
- Micheal Bergstrom (R, SD-001), with 11 co-sponsors.
- Where is the official record for HB1170?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB1170&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.