HB 2762: International corporation agents; creating the International Corporation Agent Political Activity Oversight Act of 2025; effective date. - Oklahoma

Floor (House) → Floor (Senate) · 4 edits

MODERATE

The bill was revised from House to Senate floor versions, primarily updating formatting, dates, and committee attribution while maintaining the same substantive policy provisions. The Senate version adds a specific effective date (April 22, 2025) and adjusts the committee attribution to reflect Senate floor processing. The core policy content regarding international corporation agent oversight and filing fees remains unchanged.

Scope change

No substantive change to the bill's scope or applicability; changes are primarily procedural and formatting differences between House and Senate versions.

TECHNICAL

Header changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with updated date of April 22, 2025

Committee attribution updated from House committee substitute to Senate floor version with Woods of the Senate listed as co-sponsor

Added specific effective date of April 22, 2025 to the Senate version header

Page headers and footers updated to reflect Senate floor version formatting with different page numbering and bold face notation

House Committee Substitute → Floor (House) · 2 edits

MINOR

The bill was revised from a committee substitute version to the House floor version, primarily updating formatting and adding the Senate sponsor's name. No substantive policy changes were made to the law's content, definitions, fees, or requirements.

TECHNICAL

Header formatting was updated to reflect the House floor version with the Senate sponsor's name added.

Page numbers and document identifiers were updated to reflect the floor version.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 3 edits

MINOR

The bill text was reformatted from an enrolled final version to a proposed committee substitute version, with minor line breaks and spacing adjustments but no substantive policy changes to the legislation itself.

TECHNICAL

The document header changed from 'ENROLLED HOUSE BILL NO. 2762' to 'COMMITTEE AMENDMENT' and 'PROPOSED COMMITTEE SUBSTITUTE', indicating this is a working draft version rather than the final enrolled bill.

Line breaks and spacing were adjusted throughout the text, particularly in the definitions section and fee schedule, but the actual content and meaning remain identical.

Committee amendment metadata was added, including the sponsor name (Trey Caldwell), date (2/6/2025), and page numbering changes from the enrolled version.

Introduced → Engrossed · 6 edits · May 7, 2025

MODERATE

The bill was renamed from the 'Foreign Entity Political Activity Oversight Act' to the 'International Corporation Agent Political Activity Oversight Act' to better reflect that it regulates individuals representing foreign corporations rather than the corporations themselves. The act establishes new requirements for international corporation agents to file with the Secretary of State before advocating for foreign entities, and updates filing fees for various state services.

Scope change

The bill's scope narrowed from regulating foreign entities broadly to specifically regulating international corporation agents who represent foreign corporations or entities with majority foreign ownership.

DEFINITION

The bill title and short title changed from 'Foreign Entity' to 'International Corporation Agent' to clarify that the law applies to individuals representing foreign corporations rather than the corporations directly.

A new definition was created for 'international corporation agent' covering individuals representing foreign-owned corporations or those with 51% or greater foreign ownership interests.

REQUIREMENT

New requirements were added for international corporation agents to file a completed form with the Secretary of State and pay prescribed fees before they can advocate for foreign corporations in the state.

New provisions require the Secretary of State to develop a public filing form that includes the name of the international corporation and the time period for advocacy.

FISCAL

Section 3 was substantially rewritten to update and clarify filing fees for various Secretary of State services, including fees for reports, name reservations, certificates, and capital stock filings.

SCOPE

An exception was added for individuals covered under national security agreements with the Committee on Foreign Investments in the United States (CFIUS).

Engrossed → Enrolled (final version) · 3 edits · May 8, 2025

MINOR

The bill moved from an Engrossed version to an Enrolled (final) version with significant formatting changes and one substantive addition to the fee schedule. The final version adds a new fee for foreign corporations registering to do business in Oklahoma, while removing several other fee categories that were present in the earlier draft. The core policy provisions regarding international corporation agent oversight remain unchanged.

Scope change

The bill's scope remains the same - it regulates international corporation agents and amends Secretary of State filing fees. However, the final version adds a new fee category for foreign corporation registration.

FISCAL

Added a new fee of one-tenth of one percent of maximum capital invested (minimum $300) for issuing certificates to foreign corporations to do business in Oklahoma, with a cap at authorized capital amounts.

Removed fees for: (1) issuing extra copies of certificates, (2) issuing any other certificate, (3) receiving or indexing annual certificates of foreign corporations, (4) preclearance of documents, (5) service of process, and (6) preparing record search reports.

TECHNICAL

Changed document header from 'ENGROSSED HOUSE' to 'ENROLLED HOUSE' indicating the bill has passed both chambers and is in its final form ready for signing.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute · 3 edits

MINOR

The bill was amended to add a new provision requiring individuals to obtain a national security agreement with CFIUS before advocating for international corporations, and to update fee structures for Secretary of State services. The amendment also reorganized the document formatting and corrected the committee substitute title.

Scope change

The bill now includes a new requirement for individuals advocating for international corporations to have a CFIUS security agreement, expanding regulatory oversight on foreign corporate advocacy.

REQUIREMENT

Added requirement that individuals must have a CFIUS security agreement before advocating for international corporations or seeking state funding for them.

FISCAL

Updated Secretary of State filing fees and service charges, including new fee for certificates of conversion and reorganized fee structure for various corporate filings.

TECHNICAL

Changed document title from 'PROPOSED COMMITTEE SUBSTITUTE' to 'COMMITTEE SUBSTITUTE' and updated requirement number from 12336 to 12639.

International corporation agents; creating the International Corporation Agent Political Activity Oversight Act of 2025; effective date.

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