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 public trust hospitals to enter into joint ventures with not-for-profit entities without subjecting those entities to the aforementioned acts. It also establishes that any proprietary information related to marketing plans, financial statements, and trade secrets will remain confidential unless consent for disclosure is provided by the relevant parties. Additionally, the bill permits executive sessions to discuss such confidential materials, while explicitly stating that budgetary information related to appropriations will not be exempt from public disclosure.

The bill defines "public trust hospital" as any hospital created under specific sections of the Oklahoma Statutes and includes provisions for codification. The effective date for this legislation is set for November 1, 2025.