The bill amends the Oklahoma Antitrust Reform Act by introducing new provisions regarding the accrual of causes of action and the enforcement of antitrust violations. It specifies that any person injured, either directly or indirectly, by a violation of the act may seek injunctive relief and monetary damages, with the Attorney General authorized to bring civil actions on behalf of the state or affected individuals. The bill also establishes that a cause of action accrues when the circumstances are discovered or should have been discovered, or on the date of the last act in a series of violations.
Additionally, the bill allows the Attorney General to impose civil penalties for violations of the act, with penalties not exceeding $1,000,000 per violation, and outlines factors the court should consider when determining the penalty amount. The amendments aim to enhance the enforcement mechanisms of the Oklahoma Antitrust Reform Act and ensure that injured parties can effectively seek redress. The act is set to become effective on November 1, 2025.