Bill No. 1689 amends Section 1702 of the Oklahoma Statutes regarding the larceny of lost property. The bill clarifies that individuals who find lost property and fail to make reasonable efforts to return it to the true owner, while appropriating it for their own use, can be charged with larceny. The penalties for larceny are tiered based on the value of the property, ranging from misdemeanor charges for property valued under $1,000 to felony charges for property valued at $15,000 or more. The language has been updated to replace gender-specific terms with gender-neutral terms, such as changing "him" to "the person" and "his" to "the person's."

Additionally, the bill introduces new provisions making it unlawful to remove shopping carts from the parking area of a retail establishment with the intent to deprive the owner of their use. It also prohibits possession of shopping carts that have been removed under similar circumstances. Violators of these provisions will face misdemeanor charges, with penalties including imprisonment of up to one year or fines up to $1,000. The act is set to take effect on November 1, 2025.