Maddy summaryHB 2109 standardizes campaign finance and financial disclosure rules for local governments in Oklahoma. It requires campaign committees, municipal political committees, candidates for local office, and elected officials to file initial registrations and reports of donations/spending with the Ethics Commission - mirroring existing state-level requirements. All filings become public records and must be posted on municipal websites, with documents retained for four years. The bill applies to cities, counties, school districts, and technology center districts, ensuring consistent transparency for local elections and official financial disclosures.
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Maddy summaryHB 2109 requires local candidates, campaign committees, and elected officials in Oklahoma municipalities, counties, technology centers, and school districts to file financial disclosures and campaign contribution/expenditure reports with the Ethics Commission. It mandates that these filings - such as statements of organization and financial interest reports - become public records and be posted on municipal websites within four years of filing. The bill standardizes these requirements to align with existing state-level campaign finance rules, making local election finances more transparent for voters. It directly affects local election participants and officials who must now follow uniform disclosure procedures.
Maddy summaryHB 1170, the Oklahoma Public Finance Protection Act, requires fiduciaries managing Oklahoma's public pension plans to base all investment decisions and proxy votes solely on financial factors (like risk and return), excluding environmental, social, political, or other nonfinancial goals. It directly affects state pension fund managers, including those overseeing retirement benefits for public employees, and prohibits them from voting proxies or selecting investments to advance nonpecuniary objectives. The bill defines "nonpecuniary" factors as any consideration of environmental, social, or ideological goals, and mandates that fiduciaries must prioritize financial returns while ensuring proper diversification and investment oversight. This policy change explicitly restricts the consideration of ESG (Environmental, Social, Governance) factors in pension fund management unless they demonstrably impact financial performance.
Maddy summarySB 1095 prohibits merchants from charging network fees or interchange transaction fees on specific parts of credit card transactions in Oklahoma. It directly affects merchants processing payments for sales tax, excise tax, customer tips, and donations to 501(c)(3) nonprofit organizations. The bill bans these fees for those transaction portions, ensuring merchants cannot pass these costs to customers for these specific purposes. The law takes effect November 1, 2025. This is a concrete policy change to reduce costs for certain transaction types, not a procedural or commemorative measure.
Maddy summarySB 1095 prohibits credit card processing fees (network fees and interchange fees) on specific portions of transactions for Oklahoma merchants. It directly affects businesses that accept credit cards by eliminating these fees for: (1) amounts covering sales tax, excise tax, or customer tips, and (2) donations to 501(c)(3) nonprofit organizations. The law takes effect November 1, 2025, ensuring these transaction portions are charged at the merchant’s stated price without additional processing costs. This is a concrete policy change targeting fee structures on tax/tip and charitable transactions.
Maddy summaryHB 1577 requires Oklahoma Medicaid to cover medically necessary donor human milk-derived products (like donated breast milk) for infants under 12 months in inpatient or outpatient settings. Coverage applies when a licensed physician, physician assistant, or nurse practitioner certifies it is needed due to low birth weight (under 1,500 grams), prematurity (34 weeks or less gestation), or a specific medical condition. The Oklahoma Health Care Authority must establish quality standards for these products, provide separate reimbursement (not bundled with hospital payments), and develop implementing rules while seeking federal approval. The law takes effect November 1, 2025, directly impacting Medicaid-covered infants and healthcare providers in Oklahoma.
Maddy summaryHB 1577 requires Oklahoma Medicaid to cover medically necessary donated breast milk products for infants under 12 months old in inpatient or outpatient settings. It specifically applies to infants with birth weights under 1,500 grams, gestational age of 34 weeks or less, or certain medical conditions requiring such products, as certified by a licensed provider. The bill mandates separate reimbursement for these products (not bundled with hospital payments) and requires the Oklahoma Health Care Authority to establish quality standards and rules for coverage. The policy takes effect November 1, 2025, pending federal approval.
Maddy summaryThis bill repeals the Oklahoma Capital Investment Board and its related statutes (Sections 5085.1-5085.16 of Title 74). It eliminates the board that previously certified venture capital firms and Oklahoma business ventures eligible for a tax credit. The tax credit itself - which allows a 20% credit on investments in qualifying Oklahoma business ventures - remains in effect, but the certification process previously managed by the board is discontinued. This change affects venture capital firms and businesses seeking tax credits under the existing program.
Maddy summarySB 718 repeals Oklahoma's Capital Investment Board and related statutes (Sections 5085.1-5085.16) while updating tax credit provisions for venture capital investments. The bill maintains a 20% tax credit for investments in qualified venture capital companies that fund Oklahoma business ventures meeting specific criteria (e.g., 75% capital in-state, 50% employees/assets in Oklahoma). It removes the requirement for the Capital Investment Board to certify entities or investments, leaving the Oklahoma Tax Commission to administer the program directly. This change simplifies oversight but preserves the core tax credit mechanism for businesses seeking to expand within Oklahoma.
Maddy summaryHB 1590 creates the "Oklahoma Education Infrastructure Linked Deposit Program" to provide low-interest loans for school infrastructure projects. It directly affects charter schools and nonprofit education service entities by allowing them to apply for loans through participating banks, using state-backed deposits as a funding mechanism. The bill requires loans to be used exclusively for building construction, expansions, or HVAC systems (not general operations), with banks prioritizing schools in areas with the greatest educational needs. The State Treasurer and Board will oversee application reviews, loan approvals, and annual reporting to state leaders.