Transcript Highlights:

• yards, spotters in utilities, you got meter readers, utility maintenance tech that don't directly control
• But this covers things such as clarifying shareholder agreements, making sure that they're enforceable
• even if they give authority to the shareholders that are normally under the Province of directors.
• But when you say strengthen shareholder agreements or improved shareholder agreements, I mean That's

Bills: HB3081, HB3127, HB3128, HB3498, HB2035

Keywords: fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance, workforce development, economic competitiveness, task force, apprenticeships, training programs, training barriers, business growth, industry coordination, business entities, corporation law

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options

Summary: The committee met with a quorum present and heard several bills, mostly business, licensing, and economic development measures. HB 1277, presented by Rep. Hill, updated OESC job-search requirements and added flexibility for rural residents; it passed 8-0. SB 1217, an OREC request bill presented by Rep. Osborne, would allow a person to tour a house without first signing a contract with a real estate agent; after questions about federal real estate settlement issues and buyer-agent compensation, it passed 7-1. SB 1826 would eliminate the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act and passed 8-0. SB 1824 updated the Oklahoma General Corporation Act as a mirror to a House bill and passed 8-0. SB 1813 would allow the governor to enter athletic trainer licensure compacts with other jurisdictions and passed 7-1. SB 1326 modernized self-storage facility operations and passed 7-0. The committee then took up SB 1937, the Taxpayer Dollars Protect Workers Act, which would condition economic development incentives on labor-practice requirements intended to preserve secret-ballot organizing, employee privacy, and employer rights. Rep. Blancett raised concerns that the bill could harm the film, entertainment, and Olympic-related industries and undermine economic diversification, while Rep. Lepak argued it was aimed at preventing coercive organizing tactics and said similar measures had passed in other states. After a brief debate, the bill passed 5-1-2. Finally, SB 1641, requiring an email address in LLC articles of organization filed with the Secretary of State, passed unanimously. The committee then adjourned.

Transcript Highlights:

• The bill strongly urges that, except in very limited circumstances, the boards should maintain control
• In Title 70, Section 17-106.1, this is the definition of maximizing shareholder value, so we are aligning
• local factors that they know about, they would still have to vote in a way that's solely about shareholder
• from that, but it wants our boards that oversee our pension systems to maintain that authority and control

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Summary: The Senate Committee on Retirement and Insurance met and first passed House Bill 3057, which removes obsolete statutorily required reports identified in a Loft review to streamline agency reporting requirements. Senator Kirt asked whether any agency functions were being eliminated, and Senator Rader said some reporting-related functions would no longer be required, citing the organized retail crime task force final report as an example. The bill passed 7-0. The committee then unanimously confirmed Marla Tharp to another four-year term on the Board of Trustees of the Teachers’ Retirement System of Oklahoma, with members discussing her service, the system’s unfunded liability, and her long career in school administration. After that, House Bill 3279 passed 9-0. That measure raises the conflict-of-interest certification threshold to contracts of $25,000 or more, bars involved officers or employees from taking jobs with the winning contractor for one year, and clarifies that another person may sign for a director. Senators asked how broadly the restriction applies and whether the change addressed existing loopholes. House Bill 4428 also passed, 7-2, after debate and amendment. The bill directs pension boards and proxy advisors to focus on pecuniary factors in investment and proxy voting decisions, while limiting reliance on non-pecuniary considerations unless they affect financial risk or return. Amendments added language requiring entities to be headquartered and operate in the United States and aligned the bill’s investment-purpose language with existing statute. Senator Kirt opposed the measure, arguing it could unduly limit long-term considerations and proxy voting. Finally, House Bill 3420 passed 8-0. Described as part of a bipartisan effort informed by the state auditor and Loft, it makes several changes to the Oklahoma Central Purchasing Act, including limiting pilot procurement testing to one year, removing flex benefit plan acquisitions from certain bidding exemptions, clarifying that professional services need not be bid, and posting sole-source and sole-brand reports on the OMES website instead of sending them to legislative leadership. Senators questioned several deletions and additions, and the author said the bill was intended to clean up procurement rules and reduce opportunities for waste or abuse.

Transcript Highlights:

• The bill strongly urges that, except in very limited circumstances, the boards should maintain control
• This is the definition of maximizing shareholder value.
• local factors that they know about, they would still have to vote in a way that's solely about shareholder
• of that, but it wants our boards to look over our pension systems to maintain that authority and control

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Bills: SB 312, SB 945, SB 946, SB 1367, SB 1861, SB 2044, SB 2337, SB 2403, SB 2819, SJR 54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Bills: HB3147, HB4453, HB3369, HB3660, HB3498, HB3260, HB3081, HB3127, HB3673, HB2293, HB3545, HB3546, HB2035

Keywords: special license plates, Route 66, Oklahoma, funding, community support, health care, transparency, primary care, cost analysis, insurance, all payer claims database, spending benchmarks, HB3369, food truck, food truck fire suppression, mobile food establishment, mobile food preparation vehicle, mobile food vendor, automatic fire extinguishing system, fire suppression

Transcript Highlights:

• Control the convention, it doesn't say that you can't.
• Constitution are designed to control Congress.
• brought to heel, for the false dichotomy of either an out-of-control...
• Control, federal government, or a convention.
• We have no control over other states. That's where I was going with that. For Mr.

Bills: SB 312, SB 945, SB 946, SB 1367, SB 1861, SB 2044, SB 2337, SB 2403, SB 2819, SJR 54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• subpoena in a manner specified in the subpoena that are in the recipient's possession, custody, or control

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Summary: The Senate Committee on State Affairs was called to order and a roll call showed most members present, with one absent. The chair explained that the committee had arranged witnesses for a later meeting but had received responses from some parties declining to testify, prompting Senator Bettencourt to offer a written motion for subpoenas. The motion authorized the committee chair, under Senate Rule 11.20, to issue subpoenas to BlackRock, State Street, or other financial services companies affecting Texas public pension investments, along with their subsidiaries, affiliates, officers, employees, agents, or representatives. The subpoenas would require testimony and production of records concerning investment practices, the impact on Texas public pension funds, and any investments intended to further political or social causes. Members discussed the importance of obtaining testimony and the limited but necessary use of subpoena power. The committee then voted, with 10 ayes, no nays, and one absent, to adopt the motion. With no further business, the committee recessed until the call of the chair, planning to return after the local calendar.

Transcript Highlights:

• Senate Bill 945 is about insurance-specific cases of shareholder actions.
• Both of these companies, the two primary proxy advisory firms that control 95% of the market, are foreign-controlled
• Boards are held accountable by shareholders.
• are foreign-controlled and claim that they are making recommendations to their clients based on shareholder
• are foreign controlled and claim that they are making recommendations to their clients based on shareholder

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Summary: The committee heard Senate Bill 945, 946, 2044, 2819, 2403, 2337, and 312, with all bills left pending after testimony. SB 945 would restrict insurance companies from denying or limiting coverage based on oil and gas activity or ESG-related goals, and supporters argued it would protect Texas energy producers from politically motivated shareholder activism and insurance discrimination. SB 946 would bar creditors from using social credit, ESG, DEI, or religious/political affiliation as a basis for denying or limiting credit; witnesses said it would prevent viewpoint-based financial discrimination and protect access to capital for Texas businesses. SB 2337 would require proxy advisory firms to disclose when recommendations are based on non-financial factors or when they give conflicting advice to different clients; supporters said the measure would increase transparency and curb ESG-driven influence over shareholder voting. SB 312 would direct public retirement systems to focus on financial returns rather than social or political objectives, with the author saying the bill responds to activist pressure on pensions and would reinforce fiduciary duty. The committee also took up election and ethics measures. SB 2044 would strengthen electioneering restrictions for publicly funded education institutions and personnel, prohibiting use of official resources to promote political agendas; testimony focused on alleged school district electioneering in bond and tax elections. SB 2819 would prohibit county elections administrators from holding certain officer positions appointed by elected officials, addressing potential conflicts of interest. SB 2403, the Texas Ethics Commission sunset bill, would restructure complaint handling with a three-tier violation system, risk-based complaint prioritization, longer response times, bipartisan preliminary review panels, and expanded hearing options; members discussed amendments aimed at dismissing minor complaints, clarifying categories, and adjusting lobbying and penalty provisions, but the amendments were withdrawn during committee consideration. Across the ESG and finance bills, invited witnesses from the American Energy Institute, Heartland Impact, Consumers Research, ADF Action, Texas Civil Justice League, and related groups generally supported the measures, arguing that banks, insurers, proxy advisors, and asset managers have used ESG or reputational-risk standards to discriminate against energy, agriculture, firearms, and religious organizations. No opposition testimony was presented in the excerpt, and the committee closed public testimony on each bill and left them pending.

Transcript Highlights:

• Control the convention. It doesn't say that you can't.
• Whose power and control exceed anything ever imagined by the framers of the Constitution.
• Our out-of-control national government.
• brought to heel, for the false dichotomy of either an out-of-control. ...control federal government,
• We have no control over other states. That's where I was going with that. Thank you, Mr.

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• Both of these companies the two primary proxy advisory firms that control 95% of the market are foreign-controlled
• their clients based on shareholder value.
• They can control thousands or millions of shares in a company.
• proposals or shareholder value and their fiduciary duty.
• are being challenged by activist shareholders.

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• subpoena in a manner specified in the subpoena that are in the recipient's possession, custody, or control

Bills: SB312, SB945, SB946, SB1367, SB1861, SB2044, SB2337, SB2403, SB2819, SJR54

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• So I guess the best analogy would be shareholders to a corporation.
• If you take a shareholder vote, you register your vote, you can proxy on paper.

Bills: HB168, HB220, SB187, SB270, SB265, SB220, SB242, SB277

Keywords: loitering, mask policies, school safety, crime prevention, public health, board appointments, governor authority, multi-member boards, state governance, legislative authority, Alabama Business and Nonprofit Entities Code, Title 10A, corporate governance, nonprofit governance, business corporations, nonprofit corporations, LLC, limited liability company, partnership, limited partnership

Transcript Highlights:

• House Bill 4428 is, and as well as 4429, are both Related to shareholder proxy advisors, so 4428 says

Bills: HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020

Keywords: credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals

Transcript Highlights:

• <00:03:18.560> and each other how the shareholders and each other how the shareholders and
• <00:04:23.919> or an emergency this is how shareholders or an emergency this is how shareholders
• are approved by the shareholders are approved by the shareholders themselves<00:09:19.480> they
• <00:10:36.079> even something arises the shareholders even something arises the shareholders
• <01:34:37.480> for the fiscal control for the fiscal control for us<01:34:39.320> represent

Bills: HF747, HF360

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, trusts, Uniform Trust Code, probate, estate planning, trust protector, directed trust, investment trust advisor, distribution trust advisor, excluded fiduciary, decanting, power of appointment, revocable trust, irrevocable trust, uneconomic trust, rule against perpetuities

Bills: HB2436, HB2438, HB2532, HB2566

Keywords: arts integration, fine arts education, public schools, cultural education, student engagement, school coordinators, Hawaii education, Hawaii Cultural Trust, income tax credit, arts funding, cultural preservation, charitable contributions, HB2532, Hawaiian flag, Ka Hae Hawaiʻi, flag display, condominium, condo association, planned community association, cooperative housing corporation

Summary: The committee on Culture and the Arts heard several measures related to arts funding, administration, and access. Testimony was largely supportive across the agenda. For HB 2218 and HB 1815, the State Foundation on Culture and the Arts supported the bills, and members discussed transition timing and administrative support, including the need for an additional year in one measure and a temporary administrative position to help with the transfer. HB 1764, the music accessibility pilot program, drew broad support from the Retail Merchants of Hawaii, Hawaii Symphony Orchestra, Hawaii Public Library System, Hawaii Youth Symphony, and others, with testimony emphasizing library-based music programming, community access, and economic benefits. HB 2117, which would create an arts data mapping task force, also received extensive support, though witnesses suggested narrowing the initial scope, adding representatives from independent and charter schools and neighbor island arts programs, and ensuring adequate funding and a realistic timeline for the work. The committee also heard HB 2436 on arts integration in public schools, HB 2438 on the Hawaii Cultural Trust, and HB 2532 on the Hawaiian flag. HB 2436 and HB 2438 received support from SFCA, while the Cultural Trust bill prompted a lengthy explanation from the chair about how the proposed tax credit would work and amendments to clarify that donations to the trust and to qualifying cultural nonprofits must be made in tandem, with eligible organizations listed and updated annually by SFCA and OHA. HB 2532 drew testimony from Dr. Adam Jansen in support of protecting the Hawaiian flag as a historical and cultural symbol; he said the flag should continue to be used for solidarity, protest, inclusion, and identity. At the decision-making portion, the committee adopted the chair’s recommendations on the measures considered. HB 2118, HB 764, HB 1815, and HB 2117 were passed with amendments, including date deferrals and technical changes; HB 764 also had its appropriation blanked out. HB 2436 was passed with amendments, and HB 2438 was advanced with substantial clarifying amendments to the cultural trust structure. The chair indicated that HB 2117 would include an interim report due in 2027 focused on music and dance, with a final report due in 2029 on arts education more broadly.

Bills: HB2299, HB2939, HB2941, HB2960, HB3062, HB3087, HB3114, HB3244, HB3262, HB3304, HB3345, HB3386, HB3431, HB3498, HB3581, HB3645, HB3648, HB3764, HB3852, HB3974, HB4141, HB4144, HB4227, HB4237, HB4343, HB4425

Keywords: Article V, convention, amendments, criminal penalties, legislative authority, absentee voting, electronic communication, facsimile device, voting materials, military voters, fentanyl, overdose, first responders, drug reporting, immunity, controlled substances, penalties, firearm liability, tort reform, manufacturers

Bills: HB2299, HB2939, HB2941, HB2960, HB3062, HB3087, HB3114, HB3244, HB3262, HB3304, HB3345, HB3386, HB3431, HB3498, HB3581, HB3645, HB3648, HB3764, HB3852, HB3974, HB4141, HB4144, HB4227, HB4237, HB4343, HB4425

Keywords: Article V, convention, amendments, criminal penalties, legislative authority, absentee voting, electronic communication, facsimile device, voting materials, military voters, fentanyl, overdose, first responders, drug reporting, immunity, controlled substances, penalties, firearm liability, tort reform, manufacturers

Summary: The Senate Judiciary Committee considered a large slate of executive nominations and bills. The nominations of Kevin Buchanan to the Oklahoma State Council of Interstate Adult Offender Supervision, Bobby Raines to the Polygraph Examiners Board, and Colton Richardson to the Oklahoma Indigent Defense System Board were each advanced to the full Senate without opposition. The committee then heard and advanced several measures on elections, criminal law, public safety, and civil procedure, including bills on Article V convention commissioner guardrails, precinct official terms and oaths, fraud and identity theft, treatment screening for arrested individuals, electronic monitoring eligibility, press access to certain arrest information, foreign terrorist organization-related offenses, CDL eligibility tied to the meth registry, sheriff service fees, fentanyl overdose reporting and presumptions, corporate law updates, appraiser fees in condemnation cases, child sexual abuse reporting protections, eviction mediation, garnishment response deadlines, retired municipal judges carrying firearms, critical mineral ownership restrictions, removal of a sunset on a sexual assault nurse examiner coordinator, enhanced riot and assault penalties, ability-to-pay hearings at sentencing, firearm component liability protections, hospice admission authority, government tort claims coverage for OU Health Authority, and tort claims coverage for county jails housing inmates for other entities. Several bills drew notable questioning and amendments. House Bill 2299, dealing with Article V convention commissioners, was advanced after debate over the bill’s “intimidation” language and its potential effect on political speech; Senator Jett opposed it on vagueness grounds. House Bill 3852 on precinct officials was amended to reflect Election Board recommendations, including changing a disqualification period from three to six years, before advancing. House Bill 2939, removing obsolete fax-machine references from election law, was amended to strike a repealed-law reference and then advanced. House Bill 4343, setting a $350 fee for court-appointed appraisers, prompted extended concern about fixing a market rate in statute; the title was stricken so the measure could be worked on further, but it still advanced. House Bill 4227, the child sexual abuse NDA bill, advanced after the author recognized concerns and agreed to strike the title for further work, and House Bill 3386 on same-day eviction mediation also advanced after the author struck title to revisit discrimination concerns. Other measures advanced with little or no opposition, including House Bills 3244, 3345, 3114, 4144, 3764, 3304, 3262, 2941, 3498, 4141, 4237, 3062, 3431, 3581, 3648, and 3974. Some bills generated focused policy questions, such as whether the fentanyl overdose presumption would be rebuttable, whether the meth registry is lifetime or time-limited, whether the electronic monitoring bill would be too restrictive, and whether the riot-mask felony language could affect law enforcement officers operating in an official capacity. The committee also restored title on several measures before advancing them. The meeting concluded with Chairman Howard thanking the committee and staff and noting it was his final policy committee meeting as chair before adjournment.

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance