House Bill No. 2854, introduced by Hasenbeck, establishes a five-year moratorium on various restrictions related to higher education courses and programs in Oklahoma. The bill specifically targets limitations imposed on institutions such as Northern Oklahoma College, Connors State College, and Oklahoma State University, among others, which currently restrict their ability to offer certain lower and upper division courses and degree programs. The legislation aims to enhance educational access by allowing these institutions to expand their offerings and eliminate geographical restrictions that hinder the provision of undergraduate courses and programs.

Additionally, the bill empowers the State Regents for Higher Education to approve "functional exceptions," which would enable institutions to provide courses or degree programs outside their designated missions to address unmet workforce needs. The act is set to take effect on July 1, 2025, and includes an emergency clause to ensure its immediate implementation upon passage and approval.