---
type: "Bill"
title: "Credit unions; requiring certain records to be filed with Bank Commissioner; allowing investments; providing requirements for credit unions; establishing compensations. Effective date."
description: "Credit unions; requiring certain records to be filed with Bank Commissioner; allowing investments; providing requirements for credit unions; establishing compensations. Effective date."
jurisdiction: "us/states/ok"
legislature: "Oklahoma Legislature"
session: "2026"
identifier: "SB 1623"
citation: "Oklahoma SB 1623 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Daniels", "Lepak"]
version_count: 9
action_count: 25
vote_count: 5
first_action: "2026-02-02"
last_action: "2026-05-07"
source: "openstates"
source_identifier: "ocd-bill/39078f84-7432-46cf-91dd-a35ba5af053a"
source_url: "http://www.oklegislature.gov/BillInfo.aspx?Bill=SB1623&session=2600"
source_hash: "5f25b098236f58505a9eff29f55b882d599669a3e9390e2cb7e2c0639f92c9a5"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ok"]
---

# Oklahoma SB 1623 (2026) — Credit unions; requiring certain records to be filed with Bank Commissioner; allowing investments; providing requirements for credit unions; establishing compensations. Effective date.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 INT/SB/SB1623 INT.PDF)
2. **Committee Amendment** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 COMMITTEE AMENDMENTS/Senate/SB1623 PCS.PDF)
3. **Committee Substitute** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 COMMITTEE SUBS/SCS/SB1623 CS.PDF)
4. **Engrossed** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 ENGR/SB/SB1623 ENGR.PDF)
5. **Enrolled (final version)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 ENR/SB/SB1623 ENR.PDF)
6. **Floor (House)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLR/HFLR/SB1623 HFLR.PDF)
7. **Floor (Senate)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLR/SFLR/SB1623 SFLR.PDF)
8. **SB1623 (3-24-26) (DANIELS) FA1.PDF** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLOOR AMENDMENTS/Senate/SB1623 (3-24-26) (DANIELS) FA1.PDF)
9. **SB1623 (3-24-26) (DANIELS) RT FA2.PDF** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLOOR AMENDMENTS/Senate/SB1623 (3-24-26) (DANIELS) RT FA2.PDF)

## Votes

- Government Oversight Committee: Do Pass — **16–0** (pass) · lower
- Banking, Financial Services And Pensions Committee: Do Pass — **8–0** (pass) · lower
- Do Pass Amended Cs — **11–0** (pass) · upper
- Third Reading — **44–0** (pass) · upper
- Third Reading — **77–0** (pass) · lower

## Sponsors

- Daniels — primary (person)
- Lepak — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-02-02** First Reading `introduction, reading-1`
- **2026-02-02** Authored by Senator Daniels
- **2026-02-03** Second Reading referred to Business and Insurance `reading-2, referral-committee`
- **2026-03-05** Reported Do Pass, amended by committee substitute Business and Insurance committee; CR filed `committee-passage`
- **2026-03-05** Title stricken
- **2026-03-10** Placed on General Order
- **2026-03-12** Coauthored by Representative Lepak (principal House author)
- **2026-03-26** General Order, Amended
- **2026-03-26** Title restored
- **2026-03-26** Measure passed: Ayes: 44 Nays: 0 `passage`
- **2026-03-26** Referred for engrossment
- **2026-03-30** Engrossed to House `passage`
- **2026-03-30** First Reading `introduction, reading-1`
- **2026-03-31** Second Reading referred to Government Oversight `reading-2, referral-committee`
- **2026-03-31** Referred to Banking, Financial Services and Pensions `referral-committee`
- **2026-04-08** Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions `committee-passage`
- **2026-04-15** CR; Do Pass Government Oversight Committee `committee-passage`
- **2026-04-29** General Order
- **2026-04-29** Third Reading, Measure passed: Ayes: 77 Nays: 0 `passage, reading-3`
- **2026-04-29** Signed, returned to Senate
- **2026-04-29** Referred for enrollment
- **2026-04-30** Enrolled, to House
- **2026-04-30** Signed, returned to Senate
- **2026-04-30** Sent to Governor `executive-receipt`
- **2026-05-07** Becomes law without Governor's signature 05/07/2026 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/39078f84-7432-46cf-91dd-a35ba5af053a`. Confidence: reported (aggregated from official Oklahoma legislature records).