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OK SB791
Bill
AI Summary
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Banks, credit unions, and financial institutions in Oklahoma are prohibited from providing financial account or transaction details of individuals, businesses, or trusts to federal agents or agencies upon request
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Financial institutions must notify account owners or managers within 2 business days of any federal request for their information, including the date/time of request and identity of the requesting agent
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First offense for providing personal information to federal agents carries a $10,000 fine; second offense results in loss of license to operate in Oklahoma
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Exceptions apply for requests accompanied by a warrant, court order, or clearly articulated written probable cause
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Declared an emergency measure, taking effect immediately upon passage and approval
Legislative Description
Banks and trusts companies; prohibiting certain institutions from providing certain information to certain agents; establishing penalties. Effective date. Emergency.
Last Action
Coauthored by Senator McIntosh
2/17/2025