Tangshanaspis Zhou and Zhang, 1978 (Family Missisquoiidae), has been reported widely from western North America and has been assigned invariably to a single species, T. depressa (Stitt, 1971b). The base of the T. depressa Subzone as defined in Oklahoma is an important biostratigraphic datum for inter-regional correlation of uppermost Cambrian strata. Study of previously undescribed material in collections from Oklahoma shows that T. depressa is, in fact, a composite of cranidia and pygidia that belong to two stratigraphically segregated species in the Signal Mountain Formation. Tangshanaspis silveri n. sp. includes the pygidial morph originally attributed to T. depressa. Revision of the species from Oklahoma allows definition of a new biostratigraphic unit, the Tangshanaspis Zone, which is divided into a lower T. silveri Fauna and an overlying T. depressa Fauna; in addition to the eponymous species, the T. depressa Fauna includes pygidia that represent two additional species of Tangshanaspis that are placed in open nomenclature. Correlation with other areas suggests that the “Missisquoia” mackenziensis Fauna of northern Canada may be equivalent to the T. silveri Fauna of Oklahoma, rather than a pre-Tangshanaspis interval that is unrepresented elsewhere in Laurentian North America.