Randy McDaniel served as state treasurer in Oklahoma from 2019–23 but chose not to run for reelection in 2022. During his term in office, he was a member of the State Financial Officers Foundation (SFOF).
Prior to his years as treasurer, McDaniel was an Oklahoma state representative (2006–18) who chaired the House Banking, Financial Services and Pensions Committee. After six terms in the House, he was unable to run for reelection due to term limits.
As a state representative, McDaniel spearheaded “pension reform” that resulted in moving state pensions to a defined contribution plan. In a 2014 interview with the Reason Foundation, he said that during the final debate, he had “quoted Reason Foundation’s work to rebut the opposition’s claims.” That same year, he wrote the book Pensions and Prosperity: The History of Key Pension Decisions and the Solutions for a Secure Future.
McDaniel holds a bachelor’s degree in economics from the University of Oklahoma, and a master’s degree from Cambridge University. He also attended the Institute on Business and Government Affairs at Georgetown University and worked for two decades as a financial advisor.
- Signed a letter to the Securities and Exchange Commission (SEC) opposing the proposed rule known as the Enhancement and Standardization of Climate-Related Disclosures for Investors (6/17/22)
- Signed an SFOF letter opposing the FDIC proposed principles on climate-related financial risk management for large financial institutions (6/3/22)
- Signed a letter to Department of Labor opposing possible agency actions to protect life savings and pensions from threats of climate-related financial risk (5/16/22)
- Signed a comment letter to the Municipal Securities Rulemaking Board regarding ESG practices in the municipal securities market (3/8/22)
- Signed a letter opposing the proposed Department of Labor rule change entitled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (12/13/21)
- Attended the 2021 national SFOF meeting in Salt Lake City, Utah (7/21)
- Signed a letter to U.S. Special Presidential Envoy for Climate John Kerry expressing concern that he and other members of the Biden administration were “privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies” (5/25/21)
- Signed an SFOF letter urging President Biden to withdraw his nomination of Sarah Bloom Raskin as vice chair for supervision at the Federal Reserve for her “radical banking and economic views” that would “disrupt the private banking sector, reliable energy supplies, and the U.S. economy” (1/31/21)