Bill
Bill > HB2561
OK HB2561
OK HB2561Consumer protection; Emergency Price Stabilization Act; exceptions; natural gas; emergency.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/06/2023
04/06/2023
Crossed Over
03/07/2023
03/07/2023
Passed
04/27/2023
04/27/2023
Dead
Signed/Enacted/Adopted
05/02/2023
05/02/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to consumer protection; amending 15 O.S. 2021, Section 777.4, which relates to the Emergency Price Stabilization Act exceptions; modifying description of certain markets; adding natural gas to exemptions; and declaring an emergency. SUBJECT: Consumer protection
AI Summary
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.
Committee Categories
Agriculture and Natural Resources, Transportation and Infrastructure
Sponsors (3)
Last Action
Approved by Governor 05/02/2023 (on 05/02/2023)
Official Document
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