This bill aims to prohibit discriminatory practices by banks, credit unions, and business entities in Oklahoma. It specifically forbids these institutions from discriminating against individuals or businesses based on arbitrary standards, such as social media activity, political affiliation, or social credit scores. The bill allows for certain exceptions, such as when discontinuing business is necessary for the safety of employees. Additionally, it permits the offering of products or services that involve subjective standards, provided that these standards are fully disclosed to customers prior to any contractual agreement.

The legislation imposes civil penalties for violations, with fines set at $50,000 for first offenses and $250,000 for subsequent violations. The Attorney General is designated as the enforcement authority for these provisions. The bill also includes a definition of "business entity" to clarify the scope of its application. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.