[{"_1":2,"_111":-5,"_112":-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",[32,76,88,99],{"_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",6299903,"mediaKeyId","2495061-49f4ddacd7eb00b48b33d8f93bc6d970","parentId",2495061,"title","Committee approves transfer of Invest Oklahoma program to treasurer and allows up to 5% state investment in Oklahoma companies","audioSeconds",675,"startMs",811000,"endMs",1486000,"viewUrl","/Search/View?dp=1&key=2495061-49f4ddacd7eb00b48b33d8f93bc6d970&start=811&end=1486","thumbnailUrl","https://assets.pipeline.soar.com/2495061-49f4ddacd7eb00b48b33d8f93bc6d970/thumbnail_811000.jpg","articleUrl","/articles/6299903/Oklahoma/Committee-approves-transfer-of-Invest-Oklahoma-program-to-treasurer-and-allows-up-to-5-state-investment-in-Oklahoma-companies","mediaUrl","https://secure.pipeline.soar.com/6299903-a3f03e8e3ae3df62f9ca1debce9aca3e/orig.mp4?Expires=1775544982&Signature=hOoKLqizs~ZM4musxore3yhp8KhjS~pUwoHZksulpdC3CjVyQSuK1usDsrdqUdBSQQWfNv9wcUV6FbBZf9Qslf0O~UXnVr8zAH6xv31bvfPaHqN1MxOmLMDbonZ4lVWjJcqkSpqQIzjz5H8~yI9oPX5k0ad93~9AzLTqfOa8KDWNfeoKFabZCJHeneWqwGtbEF7bMhHV5pkKdz-7Wn6k~3EV-WCvUMjGT8uu7zmgKQ~RYOZvcgzd7w9aOCzIgYWeh8D-nxLwVwSsQw7sGh7x3DL3bupokMpvIfqcwRImxnDp6DIjm7L2NV-IZncWWF3W5rj7gA72QrFhI0WVFwCIHg__&Key-Pair-Id=KUT5TJCACFTXG","author","Oklahoma Legislature ","date","2025-03-04T00:00:00Z","article","Chairwoman Thompson explained Senate Bill 1090 would transfer the Invest Oklahoma program to the state treasurer, adjust the Cash Management and Investment Oversight Commission’s composition and reporting, and allow the treasurer to invest up to 5% of the maximum amount of funds under the treasurer’s control into the Invest Oklahoma program.

“Senate Bill 1090 transfers the Invest Oklahoma program to the treasurer, make[s] some changes to the cash management investment oversight commission, and allows the state treasurer to invest up to 5% of the max amount of funds under his control…to invest in Oklahoma program,” Chairwoman Thompson said when she presented the bill.

Questions from senators focused on the scope of the change, reporting frequency, oversight membership, conflict-of-interest safeguards and the scale of money that 5% could represent. Senator Kurt asked about monitoring and whether advisers would be retained; Thompson said the bill allows the treasurer flexibility to retain advisers but does not mandate it. On conflict-of-interest language removed from the oversight membership list, Thompson said existing state statutes already prohibit illegal conflicts and would be enforced.

Senator Kirk and others pressed for protections for taxpayer funds and pointed to past state programs where returns or oversight were problematic. Kirk estimated — based on the treasurer’s holdings cited in committee — that 5% could equal around $900 million and said that risk justified tighter safeguards; committee members asked the sponsor to explore additional statutory safeguards.

After debate, the committee approved the bill and the clerk announced 7 ayes and 1 nay. Chairwoman Thompson closed by urging support, calling it “a really, really great opportunity to bring more working capital to Oklahoma” and to help small businesses.

The committee also discussed reporting changes from monthly to quarterly and whether elected officials replacing appointed financial experts on oversight would affect expertise; the sponsor said the bill provides for fiduciary advisers and that statutes already address conflicts.","mediaType","Video","parentTitle","Economic Development, Workforce and Tourism REVISED - Mar 4, 2025","oneSentenceSummary","Chairwoman Thompson explained Senate Bill 1090 would transfer the Invest Oklahoma program to the state treasurer, adjust oversight membership and allow the treasurer to invest up to 5% of funds under management in 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},6299907,"Committee creates housing-workforce commission; bill moves forward after debate on scope and fiscal impact",588,212000,800000,"/Search/View?dp=1&key=2495061-49f4ddacd7eb00b48b33d8f93bc6d970&start=212&end=800","https://assets.pipeline.soar.com/2495061-49f4ddacd7eb00b48b33d8f93bc6d970/thumbnail_212000.jpg","/articles/6299907/Oklahoma/Committee-creates-housing-workforce-commission-bill-moves-forward-after-debate-on-scope-and-fiscal-impact","https://secure.pipeline.soar.com/6299907-071843fc31814443a7389f1c35510001/orig.mp4?Expires=1775544982&Signature=kp9rCjnH2H3Woqkj9pzy3u7CFJNcJOVqKFmEdQgr2lotaTQ4mEttiWo9bobie0lWZAwqrKL4QqBxekK8KUSRFuTvFA6ppj2ZXbIsPZ8LskwDDAA6D7zEeivrJaPmCQcI2qFWutyqcD238TtPq5P1j-mRg8166MJosf2~SUlyvbQHrpYnOsS0Y8~0SR8k-umporWhPhPH1UBDZPBu~06qr4hmr2-Bel76ue4Ywc3Mrs1fFc4vyp7PHW7nLNdcWnXIlC4FuKrLmzz1Jjxe1XubEiqcxGqvLCdZ48RLifVQHmtA7qnXs7Dmkwp~yBUBHmSUXN~Xzryo00oyb~oZSQbvcg__&Key-Pair-Id=KUT5TJCACFTXG","Senator Kurt presented the committee substitute for Senate Bill 275, which would create a commission to coordinate leadership, planning and accountability on housing as it relates to workforce and economic development and place that commission under the Workforce Commission.

Kurt said the commission would review outcomes and accountability for past investments, citing the state’s $215,000,000 contribution to the housing stability program, and told members the state faces an estimated shortage of more than 77,000 housing units. “Our state has a huge housing shortage, estimated over 77,000 units for our current population,” Kurt said, adding that the commission would help align housing and workforce strategies.

Kurt told the committee he had originally planned to locate the commission under the Oklahoma Housing Finance Agency but later moved it under the Workforce Commission to better coordinate housing and workforce compensation. He said a fiscal impact estimate recently arrived at roughly $175,000 and that he would continue discussions with the Workforce Commission director and the appropriations chair about that number.

During debate, Senator Gillespie asked whether the bill would preempt municipal zoning. Kurt said the purpose was coordination and local leadership would continue to set priorities; “we're not doing a 1 size fits all solution,” Kurt said. Senator Guthrie and others urged attention to local input and to keep early work low-cost, while Senator Woods asked how veterans’ representation would be selected; Kurt said gubernatorial appointments and representation would focus on those who work with populations facing housing challenges.

The committee granted due pass and the clerk’s roll call yielded 8 ayes and 1 nay; the committee chair declared Senate Bill 275 passed. Kurt said he planned continued work on implementation details and fiscal questions before the bill advances further.","Senate Bill 275 would place a new housing leadership commission under the Workforce Commission to coordinate housing and workforce policy; committee approved the bill 8–1 after debate about fiscal impact (estimated $175,000) and local authority concerns.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6299912,"Committee approves actuarial study to estimate cost of statewide paid family leave",0,1373000,"/Search/View?dp=1&key=2495061-49f4ddacd7eb00b48b33d8f93bc6d970&start=1373&end=1373","https://assets.pipeline.soar.com/2495061-49f4ddacd7eb00b48b33d8f93bc6d970/thumbnail_1373000.jpg","/articles/6299912/Oklahoma/Committee-approves-actuarial-study-to-estimate-cost-of-statewide-paid-family-leave","https://secure.pipeline.soar.com/6299912-699a1979a88da98b2139068da1d5457f/orig.mp4?Expires=1775544982&Signature=nDHEauBk5dzxDtmAH-cr79~fXoLufIX2wOCCKA80z007o5thSn1u0JgEbbXyyCJGBLxtVr59ec0HQJjsayrMoaNA41x5bu9eq1J7-TWAuUzTquxzjK-Y5alFtgp846yxZbKsVMjUYI3A9rrwpLceMSsGFt0pSIxs6bCtgqvGpfKlm3fc4SIAjzlwVuvvuqNoRhRdHm0PxMB4sEJf5rkvwWvxHbSHsYuJRz8k3I1V6f5-TxwcRkg-9GVBiLBLAoerf8TGSe0u5mxYkXNJfSNCurq6ea54ZOB9KccrVICmMhv7ara1iQ9QRGAnM2lT9AU0li4bq9aqX4TwBVYIDquKyA__&Key-Pair-Id=KUT5TJCACFTXG","Senator Dossett told the Senate Economic Development, Workforce and Tourism Committee on a request to strike title and asked for a due-pass recommendation on Senate Bill 254, which would name the Oklahoma Partnership for School Readiness as the affected agency and authorize an actuarial study of a statewide paid family leave medical program.

The study, Dossett said, would be conducted by a qualified third party and paid from funds already identified in the Partnership for School Readiness budget. “The Partnership for School Readiness, who has the funds available to conduct an actuarial study with a qualified third party,” Dossett said, adding later that “it'll cost somewhere between $60,000 and $70,000.”

Dossett told members that the study would provide a cost estimate only and would not require the Legislature to adopt 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. He said the actuarial result would inform future legislative decisions.

Chairwoman Thompson granted the request to strike title and the committee voted to give the bill a due pass recommendation. The clerk called the roll; Senate Bill 254 received 7 ayes and 0 nays and was declared passed.

The bill’s sponsor and staff said the Partnership for School Readiness’ budget contains the funds needed to complete the study. No changes to law or implementation were adopted as part of the committee action; the committee approved only the study funding and referral.","The Senate Economic Development, Workforce and Tourism Committee voted to pass Senate Bill 254, directing the Oklahoma Partnership for School Readiness to pay for an actuarial study on the potential cost of a statewide paid family leave program; estimated study cost is $60,000–$70,000.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6299896,"Senate bill 1095 laid over after sponsor cites stakeholder disputes and reports 'gross business practices'",61,1491000,1552000,"/Search/View?dp=1&key=2495061-49f4ddacd7eb00b48b33d8f93bc6d970&start=1491&end=1552","https://assets.pipeline.soar.com/2495061-49f4ddacd7eb00b48b33d8f93bc6d970/thumbnail_1491000.jpg","/articles/6299896/Oklahoma/Senate-bill-1095-laid-over-after-sponsor-cites-stakeholder-disputes-and-reports-gross-business-practices","https://secure.pipeline.soar.com/6299896-340d0cd60b15ba41f327a88c806e73f9/orig.mp4?Expires=1775544982&Signature=oqnfsTs7biqKj8ssacJEGy35cs3bytM4LZwH4~6cIk9IxryM4pKv49LvKavf221GHVUL2vGiIFBlBDNiQ3xymQuBQatziCpsz2dGZufrzYGyN330o~IS2q3Z7VYgvwpDtq6o2HwvyoLmmmwY3kcSAGZLgP8F8yb2OccYZSZKwoxU9cQwLzYRm9BUf1lwvMGuI1~hugFen15iDGo2RpEfiCtEZL8vpWmiLDiOFEVt0V~CJcPRiNQtEDiFW7fcItWZkzX86LDJ7MsoFtwcCzPNFUm-bEL9qYlZFuf7qlkYA0fnWtpwxKgfpMVLXiKvhDjCUhGDSvAa3u9jgoVAWPZG6w__&Key-Pair-Id=KUT5TJCACFTXG","A sponsor addressed the committee regarding Senate Bill 1095 and announced the bill would be laid over, citing disputes among stakeholders and what the sponsor called “gross business practices.”

“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,” the sponsor said. The sponsor added that they had intended to work with stakeholders and strike title but now want additional time to resolve concerns, and warned against pressuring committee members.

The chair acknowledged the request and announced Senate Bill 1095 is laid over. No formal votes on the underlying policy were taken during the hearing, and the sponsor said they would reconvene stakeholders to try to address the issues before returning the bill to committee.","Senate Bill 1095 was laid over at the committee’s request after the sponsor said recent stakeholder conduct and alleged bullying merited delay; the sponsor said parties would be reconvened to try to resolve issues.","actionData","errors"]

Article not found

Committee approves transfer of Invest Oklahoma program to treasurer and allows up to 5% state investment in Oklahoma companies

Committee creates housing-workforce commission; bill moves forward after debate on scope and fiscal impact

Committee approves actuarial study to estimate cost of statewide paid family leave

Senate bill 1095 laid over after sponsor cites stakeholder disputes and reports 'gross business practices'