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OK SB209

Bill

Status

Passed

5/29/2025

Primary Sponsor

Roland Pederson

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Creates the Taiwan Regional Trade Office as an administrative component of the Oklahoma Department of Commerce, with a required physical office location in Taipei, Taiwan

  • Office will facilitate economic relationships and business-to-business trading between Oklahoma businesses and entities based regionally to Taiwan, excluding any authoritarian or totalitarian governments

  • Duties include coordinating trade missions, conducting training programs for Oklahoma business owners, producing promotional materials, and managing federal-level actions that promote Oklahoma-Taiwan business transactions

  • Oklahoma Department of Commerce must conduct a cost/benefit analysis by January 1, 2029 to determine estimated net direct state benefits for a three-year period

  • Office must cease operations if the Department determines it failed to meet the estimated net direct state benefit threshold (direct benefits minus direct costs)

Legislative Description

Economic development; creating the Taiwan Regional Trade Office; stating duties and responsibilities.

Last Action

Becomes law without Governor's signature 05/29/2025

5/29/2025

Committee Referrals

Appropriations and Budget General Government Subcommittee4/2/2025
Appropriations and Budget4/1/2025
Appropriations2/25/2025
Economic Development, Workforce and Tourism2/4/2025

Full Bill Text

No bill text available