This bill establishes a new section in the Oklahoma Statutes regarding the management of administrative rules. It mandates that any permanent rule promulgated or amended after the bill's effective date will automatically terminate one year after it goes into effect. The Legislature retains the authority to repeal any permanent rule before its automatic termination. Additionally, rules can be renewed for additional one-year terms through a joint resolution by the Legislature. Agencies are required to submit renewal requests between four to six months before a rule's termination date, including a justification for renewal and a cost-benefit analysis, and must publish this request on their website.

Furthermore, the bill outlines that the Secretary of State must notify the relevant agency at least four months before the termination date of any rules. This legislation aims to streamline the process of managing administrative rules while ensuring that the Legislature maintains oversight and control over these regulations. The act is set to take effect on November 1, 2025.