[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6301170,"mediaKeyId","2489947-1268e877b515cbe1840362020fed1e6a","parentId",2489947,"title","Committee passes bill to move Invest in Oklahoma to treasurer and allow up to 5% state investments in local companies","audioSeconds",646,"startMs",1159000,"endMs",1805000,"viewUrl","/Search/View?dp=1&key=2489947-1268e877b515cbe1840362020fed1e6a&start=1159&end=1805","thumbnailUrl","https://assets.pipeline.soar.com/2489947-1268e877b515cbe1840362020fed1e6a/thumbnail_1159000.jpg","articleUrl","/articles/6301170/Oklahoma/Committee-passes-bill-to-move-Invest-in-Oklahoma-to-treasurer-and-allow-up-to-5-state-investments-in-local-companies","mediaUrl","https://secure.pipeline.soar.com/6301170-ceb69f5d2737f9e1961fdb50fd10d167/orig.mp4?Expires=1775407394&Signature=a1Hl-OFR4RT5k8EOlFrJivu0ZeIOYpDiudXTDNWj1uxYg7XVyXX8JqWRxe-hutcb7REzsOdTmlrZa3MvKlWMt0~30bH67ify3KOP6TILplEVgsZAzhRU3wX2jYdBM~dUrO659-4V-oJ5g96uPFZpSULN-ivqRvlsnsntxzD7qQN~zNX-eDGkHCSEgEJDSnHnVjOp4a2NqwtP9oUrziAaux9a8oFSb2fNXuKJk5v9YJMDBssn2xWYmu1HPzU9HbPNjX0gJWFGZSfYaab1kuWSds~LnE7OELXABd01pLU5eMEGHYGm2uI2IOjBt8ONHnkhMQQievIC7INwiabCs0GUlg__&Key-Pair-Id=KUT5TJCACFTXG","author","OK State Legislature","date","2025-03-04T00:00:00Z","article","Chairwoman Thompson explained that Senate Bill 1090 transfers the Invest in Oklahoma program to the state treasurer and would permit the treasurer to allocate up to 5% of the maximum amount of funds under the treasurer's control to Invest in Oklahoma investments.

\"My goal in this is giving more opportunity and more clarity to the treasurer to invest directly in Oklahoma companies,\" Thompson said. She described the change as a measured expansion of the treasurer's investment portfolio and said the program has seen little use so far. \"No one has really used it yet. That's one reason why we are hoping to open it up to a new, just kind of expand our portfolio,\" Thompson said. The bill also requires quarterly reports and leaves the treasurer flexibility to retain investment advisers.

Several senators pressed the sponsor on oversight, conflict-of-interest safeguards and the scale of potential investments. Senator Kurt said his back-of-the-envelope math suggested the treasurer holds roughly $18 billion and that 5% could approach $900 million; Kurt said he wanted stronger protections for taxpayer money and cited past problems with another state investment board. \"We're not talking about just a little 5%. We're talking about up, close to a billion dollars,\" Kurt said and stated he would vote no today. Other senators said the authority is permissive rather than mandatory and that statutory conflict-of-interest laws remain in effect. The committee voted 7 ayes and 1 nay; the chair declared Senate Bill 1090 passed in committee.","mediaType","Video","parentTitle","Senate Economic Development, Workforce and Tourism Tuesday, Mar 4, 2025 2:23 PM - 3:02 PM","oneSentenceSummary","Chairwoman Thompson explained that Senate Bill 1090 transfers the Invest in Oklahoma program to the state treasurer and allows the treasurer to invest up to 5% of funds under the treasurer's control into Oklahoma companies.","taxTitle","2025 Legislature OK, Oklahoma","taxId",78380,"location","Oklahoma","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6301175,"Committee approves creation of housing and workforce commission; fiscal impact estimated at $175,000",574,562000,1136000,"/Search/View?dp=1&key=2489947-1268e877b515cbe1840362020fed1e6a&start=562&end=1136","https://assets.pipeline.soar.com/2489947-1268e877b515cbe1840362020fed1e6a/thumbnail_562000.jpg","/articles/6301175/Oklahoma/Committee-approves-creation-of-housing-and-workforce-commission-fiscal-impact-estimated-at-175000","https://secure.pipeline.soar.com/6301175-c2f7dbe8a32cbb7e4e547f7af7bb8848/orig.mp4?Expires=1775407394&Signature=NiB5VUbNWY7IHhIv-l~UZ-pKVr3uksP6Ng4F-9sdpONxecvHLzKAMuuB32dGkC~ot36b1oXblRktnO65ipCBzjbE0EVAYfuwtTgT5BvVxtBa16YtVUdwScf1Gec989gQPcW~cMREqk3uhDix3afUfl92~E0HIMFcoIJUg-YTodDzVqU6GK1u4TChMnqdgjmLFD5jz9ye-GxDZHQHYJBataRstVTl~GV~rt6C2rkgl-Ix0HuahwfGB47fRuLwHC4oDGAEBABlFPj37wo6eKuLHlPSlEfk67hJ1UuvWoDkRlitlYewlGNxdhJJk7~hNFsca--h8Ym7Bxn-MuYbd-2s9g__&Key-Pair-Id=KUT5TJCACFTXG","Senator Kurt told the Senate Economic Development, Workforce and Tourism Committee that Senate Bill 275 would create a commission to coordinate housing strategy with workforce and economic development and to review accountability for prior housing investments.

Kurt said the commission would examine outcomes for investments such as the $215,000,000 committed to the housing stability program and would help communities plan housing to match workforce needs. \"Our state has a huge housing shortage, estimated over 77,000 units for our current population,\" Kurt said, and the commission would \"review outcomes and accountability for investments we've already made, like the $215,000,000 towards the housing stability program.\" He told members he had recently received a fiscal-impact estimate of $175,000 for establishing the commission.

Committee members asked how the commission would respect local decision-making and how it would set priorities across diverse communities. Kurt said the commission would not be a one-size-fits-all, and that local governments would \"lead on what their priorities are.\" Senator Guthrie urged caution because of the fiscal impact and recommended assembling the commission and gathering input before committing funds; Guthrie said he would vote no today but might support a revised version later. After discussion, the committee recorded eight ayes and one nay; the chair declared the bill passed in committee.","Senate Bill 275, to establish a commission linking housing strategy to workforce and economic development, passed the committee after debate about fiscal impact and local control. The committee recorded eight ayes and one nay.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6301180,"Committee OKs actuarial study on statewide paid family leave funded by Partnership for School Readiness",196,358000,554000,"/Search/View?dp=1&key=2489947-1268e877b515cbe1840362020fed1e6a&start=358&end=554","https://assets.pipeline.soar.com/2489947-1268e877b515cbe1840362020fed1e6a/thumbnail_358000.jpg","/articles/6301180/Oklahoma/Committee-OKs-actuarial-study-on-statewide-paid-family-leave-funded-by-Partnership-for-School-Readiness","https://secure.pipeline.soar.com/6301180-8f9f6c69ef79af5640e1095a5110d2fd/orig.mp4?Expires=1775407394&Signature=D7bXOoT6ih7fMJ3D4Q-nithjxdRM2KAvnCQOfdopg~qQcKAfZWfKYMNlYtqkaKNhEgkBBZaFaLJMtZH01c3d2PxVFJ3geCDDAQA2YDwUI3DpSIyS~UuYdu4xxYNQYObzqBx0EnA4uD0HUZHV8yFJq48QYva2nJ00CHcCQFf76Mt1QO9N80XL60J-PUxZ5bJp7PAAfFO6TmtIRI~6hbWzBxjcolq~AWBMfVpn5IY0wDPShon-08RnvWBHqdjhiyedqWBnrq6uuZdVrP2UOWRkE9GZ8HibtghAV9Dv9BbdKLCDvsorpWFJbpAzzRfcA1evshWynkxnYkqRi3iZJm3MuQ__&Key-Pair-Id=KUT5TJCACFTXG","Senator Dossett asked the Senate Economic Development, Workforce and Tourism Committee on Thursday to strike the bill's title and substitute the Oklahoma Partnership for School Readiness as the affected agency for Senate Bill 254, which the committee approved.

Dossett said the Partnership will use existing budget dollars to hire a qualified third party to perform an actuarial study estimating what it would cost the state to implement a statewide paid family leave medical program. \"We've got the Partnership for School Readiness, who has the funds available to conduct an actuarial study with a qualified third party,\" Dossett said. \"It'll cost somewhere between $60,000 and $70,000 and, as I stated, the Partnership for School Readiness has already found those dollars in its budget.\"

Dossett emphasized the study would provide information for future legislative decisions but would not commit the Legislature to creating a paid family leave program. \"Whether or not we have a paid family leave program in the state of Oklahoma will still be entirely up to us,\" Dossett said. \"The Legislature must make any future decisions about that.\"

Committee members raised no substantive objections after questions from Chairwoman Thompson. The committee recorded seven ayes and zero nays on the committee action to pass the bill as amended; the clerk read the roll listing Senators Fricks, Gillespie, Goodwin, Green, Kurt, Vice Chair Coleman and Chairwoman Thompson as voting aye. The chair declared Senate Bill 254 passed by the committee.","The Senate Economic Development, Workforce and Tourism Committee approved Senate Bill 254 to fund an actuarial study of a potential statewide paid family leave medical program, with costs covered from the Oklahoma Partnership for School Readiness' existing budget.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6301165,"Sponsor lays over Senate Bill 1095 after citing business-practice concerns",41,1817000,1858000,"/Search/View?dp=1&key=2489947-1268e877b515cbe1840362020fed1e6a&start=1817&end=1858","https://assets.pipeline.soar.com/2489947-1268e877b515cbe1840362020fed1e6a/thumbnail_1817000.jpg","/articles/6301165/Oklahoma/Sponsor-lays-over-Senate-Bill-1095-after-citing-business-practice-concerns","https://secure.pipeline.soar.com/6301165-939ddf46f47770c6bb81fd4fe2bda54d/orig.mp4?Expires=1775407394&Signature=f-5zBehqhqA7UudOFbQJlyRALO-s~nmvQee-zGUWeX3w5n6TH0iIiG00RgBVJUhOY9CkHrfyK~WSH9HRjjPz7xaLwARwerVgOpQZqVaZvZ5oVZ-6SbNIE2MicAbJO4iEPQlWOrJatcmI6lyO2gdNvwNaFN9WC4Emfte8OowV42JZws-2Wvrwhps8Fr~ywAl6RYQYqG2NJiwfPCzohBPgyeDnsrOxIMH4ZqEJ5vv3CyAl-lAkxPnN8CFfr3pytCyAzRAcb0fZc3lfg1dYJ0hY0z52TEgfzU3JSdRk-uvK8PzYdF4cM7DV1wjq3aVTdH1W5fNBjpn--x87ORi8DzJ~DQ__&Key-Pair-Id=KUT5TJCACFTXG","Chairwoman Thompson told the committee she intended to work with stakeholders to revise Senate Bill 1095 and laid the bill over after raising concerns about recent \"gross business practices\" involving parties interested in the legislation.

\"I have been made aware that there has been some quite honestly, gross business practices. And so I just wanted to let you all know that I am going to lay this bill over,\" Thompson said. She described her usual approach of partnering with stakeholders and said she would \"circle up\" to make the bill right before bringing it back. The chair formally laid Senate Bill 1095 over and returned the chair.","Senate Bill 1095 was laid over by the committee after the sponsor cited recent revelations of questionable business practices and said she would work with stakeholders to resolve issues.","actionData","errors"]

Article not found

Committee passes bill to move Invest in Oklahoma to treasurer and allow up to 5% state investments in local companies

Committee approves creation of housing and workforce commission; fiscal impact estimated at $175,000

Committee OKs actuarial study on statewide paid family leave funded by Partnership for School Readiness

Sponsor lays over Senate Bill 1095 after citing business-practice concerns