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OK SB209
Bill
Status
5/29/2025
Primary Sponsor
Roland Pederson
Click for details
AI Summary
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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
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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
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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
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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
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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