House Bill No. 1738 aims to amend public health and safety regulations by exempting public trust hospitals from the Oklahoma Open Meeting Act and the Oklahoma Open Records Act under specific circumstances. The bill allows for executive sessions to discuss confidential information related to joint ventures or interests in not-for-profit entities that public trust hospitals may engage with. It stipulates that any proprietary information, including marketing plans and financial statements, will remain confidential unless consent for disclosure is provided by the entity that submitted the information. However, the bill clarifies that budgetary information related to appropriations will not be subject to these confidentiality provisions.

The bill defines "public trust hospital" as any hospital established under specific sections of the Oklahoma Statutes. It is set to take effect on November 1, 2025, following its passage in the House of Representatives on March 13, 2025.