The Oklahoma Higher Education Fair Admissions Act aims to provide equitable admission opportunities for individuals seeking higher education in Oklahoma, specifically by prohibiting institutions from inquiring about certain criminal histories and behavioral conduct for applicants who will be attending classes online and not residing on campus. The act defines "institution of higher education" and "online student," and establishes that the State Regents for Higher Education will oversee compliance, with penalties for institutions that violate the act, including fines and potential loss of state funding.

Additionally, the act includes provisions for severability, ensuring that if any part of the law is deemed void, the remaining sections will still be enforceable. The bill is declared an emergency measure, allowing it to take effect immediately upon passage and approval.