Votes at a glance: Banking, Financial Services and Pensions Committee (House-originated bills)

The House Banking, Financial Services and Pensions Committee advanced the following House-originated measures and recorded these outcomes during the session.

Votes and immediate outcomes

- House Bill 12 45 (author: Representative Strom) — Amend effective date to 2026; motion adopted and bill passed on committee vote (recorded in the transcript as 88 ayes, 0 nay); referred for further consideration.

- House Bill 3172 (Fair Banking Act) — Sponsor described it as applying to institutions with over $100,000,000,000 in assets; committee advanced the bill (vote reported informally as 6-2); referred for further drafting and review of exceptions.

- House Bill 43 52 (author: Representative Wilt) — Refinance protections for homeowners and businesses; committee passed 8-0 and referred for further consideration.

- House Bill 42 63 (author: Representative Johns) — Allows some retired TRS members employed by the Department of Career and Technology Education to choose TRS or OPERS; amendment updated a date to Nov. 1, 2026; committee passed 7-0 and referred for further consideration.

- House Bill 12 68 (author: Representative Hayes) — Add a 5-year DROP for EMTs and county sheriffs (no guaranteed rate; safe harbor included); committee passed 7-0 and referred for further consideration.

- House Bill 17 39 (author: Representative Chapman) — Reinstates half-pay provision in Oklahoma law enforcement retirement system to aid recruitment and retention; executive director Dwayne Michael testified the immediate unfunded liability impact would be roughly $25,800,000; committee passed 6-0 and referred for further consideration.

- House Bill 21 16, House Bill 22 06, House Bill 3,625 (author: Representative Lay) — Technical/eligibility/investment changes for fire marshal officers, school resource officers, and school district investment statutes; each passed 7-0 and were referred for further consideration.

- House Bill 18 89 (author: Vice Chairman May) — Catch-up COLA for certain retired police and fire employees; committee heard actuarial estimates (fire system estimate $48,000,000; combined official fiscal noted near $130,000,000 in one reference) and passed the bill 7-0.

- House Bill 17 84 (author: Representative Hayes) — PCS to constrain TRS assumed rate of return; committee passed 4-3 and referred for further stakeholder review.

Notes: Several bills were adopted as working drafts (PCS) and safe-harbor clauses were noted for pension bills in line with OPLA two-year review practice. Committee members repeatedly requested actuarial reconciliation and oversight follow-up on pension items before final floor action.

Next steps: All passed measures were referred for further consideration; committee asked oversight or staff to produce additional actuarial or drafting clarifications where estimates or language differed.