SB 1985 Oklahoma Senate · 2026 Regular Session

Retirement Systems; creating the Strategic Pension Protection Act. Effective date.

SB 1985, the Strategic Pension Protection Act, allows Oklahoma state retirement systems to invest in approved digital asset funds (like Bitcoin ETFs) through U.S. Securities and Exchange Commission or Commodity Futures Trading Commission-registered products. It limits such investments to no more than 5% of any retirement account's total funds, specifically targeting Bitcoin, large digital assets (over $500 billion market cap), and stablecoins. The bill directly affects public employee retirement systems by expanding eligible investment options while imposing strict caps to manage risk. It becomes effective November 1, 2026, and defines key terms like "digital asset" and "stablecoin" for clarity.

Bill status died 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Mar 2, 2026

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What changed between versions

Introduced → Floor (Senate) · 4 edits

MODERATE

The bill was amended to add a co-sponsor from the House, update the header to reflect Senate Floor approval, and include a Committee Report indicating the bill passed as amended. The substantive policy content regarding digital asset investment limits and definitions remained unchanged.

TECHNICAL

Added co-sponsor 'Jett of the Senate and Maynard of the House' to the bill header.

Updated document header from 'AS INTRODUCED' to 'SENATE FLOOR VERSION' with February 16, 2026 date.

Added Committee Report by Committee on Revenue and Taxation indicating the bill passed as amended.

Removed original page numbering and formatting artifacts from the Introduced version.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 16, 2026

Committee

Referred to Appropriations

upper

Feb 16, 2026

Upper · Passed

Reported Do Pass as amended Revenue and Taxation committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

2 primary · 0 co-sponsors