Technology

HB 1203, the Strategic Bitcoin Reserve Act, would allow Oklahoma's State Treasurer to invest up to 10% of specific state funds (General Fund, Revenue Stabilization Fund, and Constitutional Reserve Fund) in Bitcoin or digital assets with a $500 billion+ market cap, plus approved stablecoins. The bill requires all digital assets to be held through secure custody solutions meeting strict security standards, including multi-party governance and encrypted storage in geographically diverse facilities. It also mandates that taxes paid in Bitcoin be converted to U.S. currency and transferred to the State General Fund, and permits state retirement funds to hold digital assets under similar secure custody rules. The act applies directly to state treasury operations, retirement funds, and tax collection processes. The bill was introduced in 2025 but failed in committee in April 2025.

HB 1982 updates Oklahoma school contracting rules for electronic educational materials. It requires vendors to guarantee materials are ready for immediate use at delivery, provide free replacements for defects within seven days, and supply updates/support within seven days of a school's notification. The bill also mandates that electronic files for textbooks must be in formats compatible with federal accessibility standards (like Braille conversion), ensuring materials can be adapted for students with disabilities. These rules apply to digital textbooks, software, and online learning tools purchased by school districts, effective July 1, 2025.

HB 1012, the Oklahoma Computer Data Privacy Act, establishes new rights for Oklahoma consumers regarding their personal data collected by businesses. It directly affects for-profit businesses (excluding ISPs acting as such) that gather consumer information, requiring them to provide clear privacy disclosures, allow consumers to request access or deletion of their data, and enable opting out of data sales. Key mechanisms include mandating businesses to verify consumer requests, disclose data practices online, prohibit discrimination for exercising privacy rights, and impose civil penalties for violations. The law empowers the Oklahoma Attorney General to enforce these provisions and collect penalties into a dedicated state fund. It aligns with federal privacy laws but prioritizes the strongest consumer protections when conflicts arise.