Oklahoma HB4429 Proxy Advisor Transparency Act Passes
Summary
Oklahoma HB4429, the Proxy Advisor Transparency Act, passed the House 73-17 on March 25, 2026, and received Senate Business and Insurance Committee approval on April 9, 2026. The bill imposes new disclosure and transparency requirements on proxy advisory firms operating in Oklahoma, affecting registered investment advisers, public companies, and institutional investors that rely on proxy advisory services for shareholder voting decisions.
What changed
Oklahoma HB4429 enacts the Proxy Advisor Transparency Act, establishing mandatory disclosure requirements for proxy advisory firms providing voting guidance to institutional investors and public companies in Oklahoma. The bill requires proxy advisors to disclose conflicts of interest, methodology, and voting recommendations to clients. The legislation passed with bipartisan support (73-17 House vote) after floor amendments and committee reviews in both Banking/Financial Services and Government Oversight committees.
Public companies and institutional investors in Oklahoma that rely on proxy advisory services for shareholder voting decisions will need to ensure their service providers comply with new transparency mandates. Proxy advisory firms may face operational changes to their disclosure processes and reporting procedures. Legal and compliance teams should monitor the bill's implementing regulations and effective date to prepare affected entities for compliance obligations.
What to do next
- Review proxy advisory service contracts for Oklahoma-specific disclosure requirements
- Update compliance policies to address new proxy advisor transparency obligations
- Monitor for implementing regulations from Oklahoma securities regulators
Archived snapshot
Apr 9, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oklahoma / HB4429 Passed HB4429 House Bill Passed 2026-03-26
Securities; Proxy Advisor Transparency Act; effective date.
Bill Details
State Oklahoma
Session 2026 Regular Session
Chamber House
Official Source www.oklegislature.gov/BillInfo.aspx?Bill=h...
LegiScan View on LegiScan
Sponsors
Kyle Hilbert (Rep - R) Julie Daniels (Sen - R)
Action History
2026-04-09 S Reported Do Pass Business and Insurance committee; CR filed 2026-04-01 S Second Reading referred to Business and Insurance 2026-03-26 S First Reading 2026-03-26 H Engrossed, signed, to Senate 2026-03-25 H Referred for engrossment 2026-03-25 H Third Reading, Measure passed: Ayes: 73 Nays: 17 2026-03-25 H Amended by floor substitute 2026-03-25 H General Order 2026-03-05 H Authored by Senator Daniels (principal Senate author) 2026-03-05 H CR; Do Pass Government Oversight Committee 2026-02-11 H Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions 2026-02-03 H Referred to Banking, Financial Services and Pensions 2026-02-03 H Second Reading referred to Government Oversight 2026-02-02 H Authored by Representative Hilbert 2026-02-02 H First Reading
Votes
2026-02-10 House: Banking, Financial Services and Pensions Committee: DO PASS Yea: 9 Nay: 0 2026-03-05 House: Government Oversight Committee: DO PASS Yea: 14 Nay: 3 2026-03-25 House: THIRD READING Yea: 73 Nay: 17 2026-04-09 Senate: Business & Insurance Committee: DO PASS Yea: 9 Nay: 0
Committee Referrals
2026-02-03 H Government Oversight 2026-02-03 H Banking, Financial Services and Pensions 2026-04-01 S Business and Insurance
Amendments
2026-03-23 House Floor 1 Floor Amendment by HILBERT (UNTIMELY FILED)
Bill Text Versions
2026-01-15 Introduced 2026-03-05 Amended 2026-03-25 Engrossed Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
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