All Roll Calls
Yes: 96 • No: 27
OklahomaHB 4429Oklahoma 2026 Regular SessionHouseWALLET
Securities; Proxy Advisor Transparency Act; effective date.
Sponsored By: Kyle Hilbert (Republican)
Signed by Governor
Senate Committee
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Enforcement and lawsuits over proxy advice
Breaking this law counts as a deceptive trade practice in Oklahoma. The Attorney General can investigate and enforce. Anyone harmed—recipients, subject companies, or shareholders—can sue for a court order. They must give the Attorney General written notice within seven days after filing, and the Attorney General may join the case. Other deceptive‑practice claims remain available. These powers start November 1, 2026.
Stronger disclosures for proxy advisors
Proxy advisors must give clear notices when they recommend voting against company management. If no written financial analysis backs it, they must say so, name the service and recommendation, and warn recipients. They must also send that notice to the company’s board by email and U.S. mail, and post a front‑page website notice. If a written analysis backs it, they must say so, make the analysis available on request, and send it to the board at the same time. These rules start November 1, 2026.
Which advisors are covered and when
The law defines what a “written financial analysis” must include for proxy advice. It must weigh short‑ and long‑term costs and benefits, pick the vote best for shareholder value, and explain methods, team experience, and location. 501(c)(3) charities are not covered if proxy‑advice revenue is under $250,000 a year; affiliates must also stay under $250,000 combined. These rules take effect November 1, 2026.
Sponsors & Cosponsors
Sponsor
Kyle Hilbert
Republican • House
Cosponsors
Julie Daniels
Republican • Senate
Roll Call Votes
Senate vote • 4/28/2026
THIRD READING
Yes: 0 • No: 7
Senate vote • 4/9/2026
Top_of_Page
Yes: 0 • No: 0
Senate vote • 4/9/2026
Top_of_Page
Yes: 0 • No: 0
House vote • 3/25/2026
Top_of_Page
Yes: 73 • No: 17
House vote • 3/5/2026
DO PASS
Yes: 14 • No: 3
House vote • 2/10/2026
DO PASS
Yes: 9 • No: 0
Actions Timeline
Approved by Governor 05/01/2026
5/4/2026HouseSent to Governor
4/28/2026HouseEnrolled measure signed, returned to House
4/28/2026SenateEnrolled, signed, to Senate
4/28/2026HouseReferred for enrollment
4/28/2026HouseEngrossed measure signed, returned to House
4/28/2026SenateMeasure passed: Ayes: 37 Nays: 7
4/28/2026SenateGeneral Order, Considered
4/28/2026SenatePlaced on General Order
4/14/2026SenateReported Do Pass Business and Insurance committee; CR filed
4/9/2026SenateSecond Reading referred to Business and Insurance
4/1/2026SenateFirst Reading
3/26/2026SenateEngrossed, signed, to Senate
3/26/2026HouseReferred for engrossment
3/25/2026HouseThird Reading, Measure passed: Ayes: 73 Nays: 17
3/25/2026HouseAmended by floor substitute
3/25/2026HouseGeneral Order
3/25/2026HouseAuthored by Senator Daniels (principal Senate author)
3/5/2026HouseCR; Do Pass Government Oversight Committee
3/5/2026HousePolicy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
2/11/2026HouseReferred to Banking, Financial Services and Pensions
2/3/2026HouseSecond Reading referred to Government Oversight
2/3/2026HouseAuthored by Representative Hilbert
2/2/2026HouseFirst Reading
2/2/2026House
Bill Text
Enrolled (final version)
4/28/2026
Floor (Senate)
4/13/2026
Senate Committee Report
4/9/2026
Engrossed
3/25/2026
Floor (House)
3/5/2026
House Committee Report
3/5/2026
House Policy Committee Report
2/11/2026
Introduced
1/15/2026
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