Oklahoma 2026 Regular Session Status: In Committee 2 R cosponsors

SB 1985 — Retirement Systems; creating the Strategic Pension Protection Act. Effective date.

Last action — Placed on General Order

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 38% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

63 added · 69 removed

Plain-language change summary

In the latest version of SB 1985, the bill now explicitly authorizes the investment of state retirement funds in certain digital assets, with a clear limit on the amount of funds that can be invested. Additionally, the bill adds a definition of Bitcoin, specifying it as a decentralized digital currency. These changes are important because they outline how state retirement systems can explore new investment opportunities while also providing safeguards through investment limits. This could potentially enhance the financial sustainability of pension funds.

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STATE OF OKLAHOMA 2 2nd Session of the 60th Legislature (2026) 3 SENATE BILL 1985 By:
SENATE FLOOR VERSION February 16, 2026 AS AMENDED SENATE BILL NO.
Guthrie 4 5 AS INTRODUCED 7 An Act relating to retirement systems;
1985 By:
Guthrie and Jett of the Senate and Maynard of the House 7 An Act relating to retirement systems;
A Peer-to-Peer Electronic Cash System”.
A SENATE FLOOR VERSION - SB1985 SFLR Page 1 (Bold face denotes Committee Amendments) Peer-to-Peer Electronic Cash System”.
Bitcoin also means the Req.
Bitcoin also means the digital asset that is the basis of the bitcoin exchange-traded product and is regulated by the United States Securities and Exchange Commission;
No.
2201 Page 1 digital asset that is the basis of the bitcoin exchange-traded 2 product and is regulated by the United States Securities and 3 Exchange Commission;
“Digital asset” means virtual currency, cryptocurrencies, 5 natively electronic assets, including stablecoins and non-fungible 6 tokens (NFTs), and other digital-only assets that confer economic, 7 proprietary, or access rights or powers;
“Digital asset” means virtual currency, cryptocurrencies, natively electronic assets, including stablecoins and non-fungible tokens (NFTs), and other digital-only assets that confer economic, proprietary, or access rights or powers;
“Exchange-traded product” (ETP) means any financial 9 instrument that is approved by the United States Securities and Exchange Commission or the Commodity Futures Trading Commission, is traded on an American-regulated exchange, and derives its value from an underlying pool of assets such as stocks, bonds, commodities, or indexes;
“Exchange-traded product” (ETP) means any financial instrument that is approved by the United States Securities and Exchange Commission or the Commodity Futures Trading Commission, is traded on an American-regulated exchange, and derives its value from an underlying pool of assets such as stocks, bonds, commodities, or indexes;
Any state retirement system may invest digital assets in exchange-traded products that have been duly registered by either the United States Securities and Exchange Commission or the Commodity Futures Trading Commission.
Any state retirement system may invest in digital assets in exchange-traded products that have been duly registered by either the United States Securities and Exchange Commission or the SENATE FLOOR VERSION - SB1985 SFLR Page 2 (Bold face denotes Committee Amendments) Commodity Futures Trading Commission.
The amount of funds that may Req.
The amount of funds that may be invested in bitcoin or any digital assets with a market cap of over Five Hundred Billion Dollars ($500,000,000,000.00) averaged over the previous calendar year and stablecoins may not, at the time the investment is made, exceed five percent (5%) of the total amount of funds in that account.
No.
SECTION 4.
2201 Page 2 be invested in bitcoin or any digital assets with a market cap of 2 over Five Hundred Billion Dollars ($500,000,000,000.00) averaged 3 over the previous calendar year and stablecoins may not, at the time the investment is made, exceed five percent (5%) of the total amount 5 of funds in that account.
6 SECTION 4.
7 8 60-2-2201 QD 1/15/2026 9:34:30 AM 9 Req.
COMMITTEE REPORT BY:
No.
COMMITTEE ON REVENUE AND TAXATION February 16, 2026 - DO PASS AS AMENDED SENATE FLOOR VERSION - SB1985 SFLR Page 3 (Bold face denotes Committee Amendments)
2201 Page 3
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Action History

  1. Placed on General Order

  2. Withdrawn from Appropriations committee

  3. Referred to Appropriations

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

  5. Coauthored by Senator Jett

  6. Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

  7. Coauthored by Representative Maynard (principal House author)

  8. Authored by Senator Guthrie

  9. First Reading

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 149 not signed on · 2 voted No

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Do Pass Amended

Passed 9 Yea · 2 Nay
Party YeaNayPresentNot Voting
Republican 9000
Democrat 0200
Unaffiliated 0001
Total 9201
% of votes cast 75%17%0%8%
How each member voted (12)
Member Party Vote
AMD SB1985 CA1 - ADOPTED — Not Voting
Julia Kirt Democrat Nay
Mark Mann Democrat Nay
Brent Howard Republican Yea
Christi Gillespie Republican Yea
Chuck Hall Republican Yea
Dave Rader Republican Yea
Dusty Deevers Republican Yea
Kendal Sacchieri Republican Yea
Shane Jett Republican Yea
Todd Gollihare Republican Yea
Warren Hamilton Republican Yea

Official roll call →

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 1985?
SB 1985 is sponsored by Brian Guthrie (Republican) and Cody Maynard (Republican).
What is the current status of SB 1985?
This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.
Where can I track SB 1985?
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Last checked for changes 3 months ago · updated continuously

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