Bill > HB2561

This bill amends the Emergency Price Stabilization Act in Oklahoma to modify the description of certain markets and add natural gas to the list of exemptions. Specifically, the bill removes the references to "applicable regional, national or international" petroleum markets and replaces them with "petroleum and natural gas" commodity markets. This allows for price increases of up to 10% above pre-emergency levels for goods, services, and housing if the increase is attributable to changes in petroleum and natural gas prices or other factors unrelated to the emergency. The bill also declares an emergency, allowing it to take effect immediately upon passage and approval.