Bill > SB714

This bill amends the Energy Discrimination Elimination Act of 2022 by transferring enforcement authority from the State Treasurer to the Attorney General, who will now be responsible for preparing and maintaining a list of financial companies that boycott energy companies. The bill modifies definitions, including expanding what constitutes a "boycott energy company" and introducing the concept of "ordinary business purpose", and provides more detailed criteria for how financial companies can be identified and potentially removed from the list. State governmental entities are given more flexibility to exempt themselves from the act's requirements if they determine compliance would conflict with their fiduciary responsibilities, and they must now submit electronic reports if they choose to do so. The bill also adjusts contract requirements for governmental entities, removing political subdivisions from some provisions and creating exceptions for certain types of contracts and financial transactions. Key changes include more transparent processes for identifying and challenging a company's status, enhanced reporting requirements, and a shift in administrative oversight from the Treasurer to the Attorney General. The bill is set to become effective on July 1, 2025, with an emergency clause allowing immediate implementation upon passage.

Agriculture and Natural Resources

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb714&Session=2500