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Bill > HB3575
OK HB3575
OK HB3575Trusts and pools; antitrust; civil actions; enforcement; administrative penalties; effective date.
summary
Introduced
02/05/2024
02/05/2024
In Committee
04/09/2024
04/09/2024
Crossed Over
03/13/2024
03/13/2024
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2024 Regular Session
Bill Summary
An Act relating to trusts and pools; amending 79 O.S. 2021, Sections 205 and 206, which relate to civil actions for enforcement of the Oklahoma Antitrust Reform Act; authorizing enforcement by Attorney General; prescribing conditions with respect to accrual of causes of action; authorizing imposition of civil penalty; prescribing maximum amount; providing for determinations by court with respect to imposition of civil penalties; and providing an effective date.
AI Summary
This bill amends the Oklahoma Antitrust Reform Act to authorize the Attorney General to bring civil actions for enforcement, including seeking monetary damages and civil penalties. The bill prescribes conditions for the accrual of causes of action and the determination of civil penalties, which can be up to $1 million per violation. The bill also clarifies that no other limitation terminates the period within which the Attorney General may file an action for a violation of the Act. The effective date of the amendments is November 1, 2024.
Committee Categories
Justice
Sponsors (4)
Last Action
Reported Do Pass Judiciary committee; CR filed (on 04/09/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Corporate Management
Law, Crime, and Family Issues
- ‐ Civil Law and Procedure
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3575&Session=2400 | 01/18/2024 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/SFLR/HB3575%20SFLR.PDF | 04/10/2024 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20ENGR/hB/HB3575%20ENGR.PDF | 03/13/2024 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/HFLR/HB3575%20HFLR.PDF | 02/19/2024 |
| Fiscal Note/Analysis - House: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB3575%20INT%20BILLSUM.PDF | 02/15/2024 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB3575%20INT.PDF | 01/18/2024 |
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