The bill amends the powers, duties, and responsibilities of the Oklahoma Workforce Commission, expanding its role in workforce development. Key changes include the authorization for the Commission to develop and implement programs addressing workforce needs, particularly in high-demand occupations, and to create work-based learning opportunities such as internships and apprenticeships. The bill also establishes the Oklahoma Workforce Commission Revolving Fund, which will consist of various funding sources, including appropriations and donations, to support the Commission's activities.

Additionally, the bill updates statutory references and language, ensuring that the Commission serves as a centralized data repository for workforce development efforts in the state. It mandates the Commission to collect relevant data to guide funding decisions and improve workforce programs, as well as to make recommendations to the Legislature. The new provisions aim to enhance collaboration with educational institutions and support innovative educational pathways that align with workforce needs.