HB 1197 Oklahoma House · 2025 Regular Session

Public finance; State Treasurer; transaction cards; fee structure; bullion; effective date.

HB 1197 authorizes the State Treasurer to issue transaction cards to Oklahoma citizens, allowing them to make purchases debited from gold and silver deposits held in a bullion depository. The Treasurer's office would establish procedures for sharing account information and develop a fee structure for using these services. The bill specifies that deposits of gold and silver in the bullion depository and transactions made with the card are considered legal tender and an exchange of currency. This aims to provide an alternative financial mechanism for citizens using precious metals.
Bill status passed 3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 3, 2025 Last action May 8, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 3 edits
MINOR
The bill was amended during Senate review to update the sponsor list to include additional Senate co-authors and change the committee oversight from Government Oversight to Retirement and Government Resources. The substantive policy content regarding bullion depositories, transaction cards, and legal tender provisions remained unchanged.
TECHNICAL

Updated bill sponsor list to include additional Senate co-authors (Woolley, Roberts, Hall, McIntosh, Hamilton, Prieto, Grellner, Deevers, Guthrie, Alvord, Wingard, Burns, Sacchieri, Stewart, Bergstrom, Murdock, Standridge, Pederson, Frix, and Boren) who joined the original House sponsors.

Changed the committee report attribution from Committee on Government Oversight to Committee on Retirement and Government Resources.

Updated document headers from House Floor Version to Senate Floor Version with new date of April 15, 2025.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
46
Key actions
6
Committee
7
Amendments
1
Apr 15, 2025
Committee
Referred to Appropriations
upper
Apr 15, 2025
Upper · Passed
Reported Do Pass as amended Retirement and Government Resources committee; CR filed
upper
Apr 7, 2025
Committee
Referred to Retirement and Government Resources
upper
Mar 25, 2025
Introduced
First Reading
upper
Mar 25, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 24, 2025
Committee
Referred for engrossment
lower
Mar 24, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 77 Nays: 15
lower
Mar 24, 2025
Lower · Passed
Amended
lower
Feb 26, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Government Oversight Committee
lower
Feb 12, 2025
Lower · Passed
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
lower
Feb 4, 2025
Committee
Referred to Banking, Financial Services and Pensions
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors

Sponsors