The Oklahoma Trusts and Pools Reform Act of 2023 is a federal bill aimed at reforming trusts and pools in Oklahoma. The main purpose of the bill is to enhance regulations and oversight related to trusts and pools within the state. It introduces provisions that seek to improve transparency, accountability, and protection for participants involved in these financial arrangements. The bill outlines specific guidelines for the operation, management, and reporting requirements of trusts and pools. Once enacted, the Act will come into effect on a specified date to ensure compliance with the new regulations. This legislation aims to strengthen the trust and pool systems in Oklahoma while promoting greater confidence and stability in these financial mechanisms.
2023-02-06: First Reading
2023-02-06: Authored by Representative McCall
2023-02-07: Second Reading referred to Rules
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