The bill establishes the Legislative Workforce Housing Committee in Oklahoma, aimed at enhancing access to affordable housing and supporting the Oklahoma Housing Stability Program. The Committee will be bicameral and bipartisan, consisting of co-chairs and vice-chairs appointed by leaders from both the House and Senate, along with additional members from both chambers, ensuring equal party representation. The Committee is tasked with collaborating with the Oklahoma Housing Finance Agency to jointly administer the housing program and to seek input from various stakeholders, potentially including external experts, to inform policy improvements.

The new law will be codified as Section 2904 of Title 74 in the Oklahoma Statutes and grants the Committee rulemaking authority to establish its own meeting schedule and operational rules. The bill is set to take effect on November 1, 2026.