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, permitting these entities to refuse service for safety reasons and to offer products or services that may involve subjective standards, provided that such standards are fully disclosed to customers prior to any agreement.

Violations of these provisions 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.