Bill > SB436

This bill modifies the Oklahoma Consumer Protection Act by making several key changes to existing exemptions. Specifically, it updates language regarding who is exempt from the act's provisions, including publishers, broadcasters, and printers who unknowingly disseminate potentially unlawful practices. The bill also adjusts the exemption for actions regulated by regulatory bodies, changing the language from "regulated" to "required or authorized" and adding specificity about laws and regulations administered by entities like the Corporation Commission. Additionally, the bill maintains existing exemptions for good faith actions based on information supplied by others and for the collection of certain taxes like gross receipts, sales, and use taxes. The changes aim to provide more precise definitions and clarify the scope of exemptions under the Consumer Protection Act. The bill will become effective on November 1, 2025, giving stakeholders ample time to understand and prepare for the modifications.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb436&Session=2600