Public finance; Public Finance Protection Act; terms; standard of care; nonpecuniary factors; vote; authority; proxy votes; Attorney General; immunity; indemnification; severability; codification.

This bill, called the "Oklahoma Public Finance Protection Act," requires fiduciaries of state pension plans to make investment decisions based only on financial factors, not environmental, social, political, or ideological goals. It outlines how fiduciaries must manage investments and vote proxies, ensuring these actions prioritize the financial benefits for plan participants. The Attorney General is authorized to enforce this act, and the state and its employees are granted immunity from civil liability related to its provisions.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text