Legislative Office of Fiscal Transparency (LOFT)

Joint Committee

Committee on Legislative Office of Fiscal Transparency (LOFT)

Committees News & Announcements


Feb 20, 2025
Recent Posts

House Passes REINS Act: Second House priority bill passes House title-on in first three weeks of session

The Oklahoma House of Representatives today passed House Bill 2728, a measure designed to enhance transparency and legislative oversight in the state’s administrative rulemaking process. House Bill 2728 , authored by Rep. Gerrid Kendrix, R-Altus, creates the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2025, modeled after similar federal legislation. The bill ensures that state agency regulations receive greater legislative review before taking effect. "This is a major step toward ensuring the people’s elected representatives—not unelected agencies—have the final say on costly regulations," said Kendrix. "State agencies hold significant power in implementing laws, and this bill makes sure the Legislature plays a more active role in the process." If enacted, HB2728 would require all proposed agency rules to be submitted with an economic impact statement. Additionally, any rule projected to cost at least $1 million over five years would require separate legislative approval before it could take effect. "The rise of decentralized movements like DOGE shows that people value transparency, accountability, and freedom from unchecked control," said John Tidwell, state director with Americans for Prosperity Oklahoma. "The REINS Act embodies these same principles by ensuring that unelected bureaucrats can't impose costly regulations without legislative approval. State and federal governments must remain accountable to the people they serve. By passing the REINS Act, Oklahoma is reinforcing the fundamental idea that power should rest with the representatives elected by the people—not with runaway regulatory agencies." The bill establishes the Legislative Economic Analysis Unit (LEAU) within the Legislative Office of Fiscal Transparency (LOFT) to provide independent reviews of agencies' economic impact statements. This ensures accuracy and prevents unnecessary regulatory burdens. Similar models in other states have successfully cut excess red tape and saved taxpayers millions. "This legislation strengthens accountability by making sure agency rules receive independent review before becoming law," said House Speaker Kyle Hilbert, R-Bristow. "This is the second House priority bill we have passed in the first three weeks of the legislative session and I appreciate the speed at which the House has passed these important bills." House Bill 2728 passed 86-3 and now advances to the Oklahoma Senate for further consideration. The House also passed House Bill 1276 , banning cell phones in schools, and sent it to the Senate with the title on, meaning it is ready to become law if approved by the Senate.



Aug 16, 2024
Recent Posts

Wallace Announces LOFT Investigation of OSDE Spending

Rep. Kevin Wallace, R-Wellston, today announced that the Legislative Office of Fiscal Transparency (LOFT) would begin an investigation into spending concerns regarding the Oklahoma State Department of Education (OSDE). This investigation, approved by Speaker Charles McCall, R-Atoka, and spearheaded by Wallace in his capacity as Chairman of LOFT, will focus on issues raised by both legislators and private citizens regarding alleged OSDE funding disbursement issues. "In my capacity as Chairman, I intend to have LOFT investigate funding disbursement concerns raised by both citizens and legislators in regard to funds earmarked to OSDE for specific purposes," Wallace said. "This isn’t about Superintendent Walters; this is about the transparency of a State Agency and getting answers for our constituents. When the Legislature approves funding for a specific purpose, it is incumbent on the agency to which those funds are allocated to spend them properly and in a timely manner. If there are issues with disbursements being made, that information should be communicated to the Legislature well before schools are incumbered. I look forward to using the processes and procedures available within LOFT to address the concerns that have been raised with OSDE funding, and will conduct a thorough, transparent investigation to provide answers to my fellow legislators and the citizens of Oklahoma." "LOFT is designed to ensure that taxpayer dollars are being spent responsibly by state agencies, making them the ideal entity to examine any concerns related to spending at OSDE," McCall said. "This investigation by LOFT allows us to address these concerns efficiently without the need for a costly special legislative session. I trust that Chairman Wallace, and LOFT, will conduct a comprehensive review that will provide clarity on the issues at OSDE and offer solutions to ensure that taxpayer funds are managed appropriately. I fully support this process. Additionally, my office will be sharing all relevant information with Attorney General Gentner Drummond regarding any potential violations of the Open Records or Open Meeting Acts by OSDE. We are committed to transparency, and the findings from this investigation will be made available to the public.” LOFT is a state agency in the legislative branch that assists the Oklahoma House and Senate. LOFT provides budgetary recommendations to the LOFT Oversight Committee for use in setting the funding of state government, higher education, and public schools.


Committee Members

(7)

Co-Chair

Trey Caldwell

R

District 63

Steve Bashore

R

District 7

Meloyde Blancett

D

District 78

John Kane

R

District 11

Mike Osburn

R

District 81

Melissa Provenzano

D

District 79

Mark Tedford

R

District 69

House Staff Assigned

Quyen Do

Deputy Research Director

John McPhetridge

Director of Fiscal & Counsel