Public finance; State Treasurer; transaction cards; fee structure; bullion; effective date.
HB 1197 authorizes Oklahoma's State Treasurer to create a bullion depository (holding gold and silver) and issue transaction cards to state residents. These cards allow users to make purchases debited directly from their gold or silver deposits, treating such transactions as legal currency under this law. The bill requires the Treasurer to establish fee structures for account holders and develop rules for sharing account information with depository partners. It affects Oklahoma citizens who open accounts in the depository system, with the law taking effect November 1, 2025.
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)
·
4 edits
MODERATE
The bill was amended during its passage from the House to the Senate, primarily updating the header information to reflect the Senate floor version and adding more Senate co-authors to the sponsor list. The substantive policy content regarding the State Treasurer's authority to issue transaction cards for bullion deposits remains largely unchanged, though some formatting and text were adjusted for consistency.
Scope change
No substantive change to the bill's scope or applicability; the changes are primarily administrative updates to reflect Senate floor processing and additional Senate co-authors.
TECHNICAL
Header updated from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with date April 15, 2025, indicating the bill has moved to the Senate for consideration.
List of bill sponsors updated 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).
Committee report attribution changed from 'COMMITTEE ON GOVERNMENT OVERSIGHT' to 'COMMITTEE ON RETIREMENT AND GOVERNMENT RESOURCES' with updated date.
Page headers and footers updated to reflect Senate floor version (SFLR) instead of House floor version (HFLR).
Floor votes · House Mar 24, 2025
How they voted
77–16
Passed · 7 other
Total votes 100
Mar 24, 2025
D
Democratic19
78% Nay
R
Republican81
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
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
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