This bill aims to prohibit discriminatory practices by banks, credit unions, and business entities in Oklahoma. It specifically forbids these institutions from engaging in adverse treatment of customers based on arbitrary standards such as social media activity, political affiliation, or environmental criteria. The bill allows for certain exceptions, such as when actions are necessary for the physical safety of employees, and permits the offering of products or services that include subjective standards, provided that these are fully disclosed to customers prior to any agreements.

Violations of the provisions outlined in the bill will result in civil penalties, with fines set at $50,000 for a first offense and $250,000 for subsequent violations. The enforcement of these regulations will be the responsibility of the Attorney General. 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.