The bill amends the Administrative Procedures Act by revising Section 303 of 75 O.S. 2021, which governs the process for adopting, amending, or repealing rules. Key changes include the removal of the expedited rule repeal exception, requiring that any proposed rule must receive express written approval from the Governor or the appropriate cabinet secretary within thirty days of notice before an agency can proceed with the rulemaking process. Additionally, the bill mandates that rule impact statements must now include a rule alternatives analysis, estimates of employee time and resources needed for rule development, and a summary and comparison of relevant federal regulations.

The bill also updates statutory language and specifies that agencies must provide a comprehensive notice of intended rulemaking actions, including a summary of the rule, its intended effects, and potential costs to businesses. The effective date of the bill is set for July 1, 2025, and it declares an emergency to ensure immediate implementation upon passage and approval.