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OK HB1415
Bill
Status
3/12/2025
Primary Sponsor
Josh West
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AI Summary
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Amends the Oklahoma Antitrust Reform Act to clarify that causes of action accrue when circumstances are discovered (or should have been discovered with reasonable diligence) or on the date of the last violation in a series of anticompetitive acts, including aggregated acquisitions
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Expands Attorney General authority to bring civil actions on behalf of the state, governmental entities, or as parens patriae on behalf of injured Oklahoma residents to seek injunctive relief, monetary damages, and treble damages
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Authorizes the Attorney General to seek civil penalties up to $1,000,000 per violation of the Oklahoma Antitrust Reform Act, with penalties deposited to the General Revenue Fund
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Requires courts to consider six factors when determining civil penalty amounts: nature and extent of violation, number of affected consumers, whether conduct was isolated or continuous, willfulness, concealment efforts, and defendant's size and wealth
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Effective date of November 1, 2025
Legislative Description
Trusts and pools; causes of action; enforcement procedures; effective date.
Last Action
Remove as author Senator Rosino; authored by Senator Howard
4/22/2025