The bill amends the Oklahoma Consumer Protection Act by modifying the exemptions outlined in 15 O.S. 2021, Section 754. It introduces new provisions that clarify the scope of exemptions, including actions or transactions required or authorized under specific laws or regulations administered by any regulatory body or officer acting under statutory authority. Additionally, it provides an exemption for acts done by retailers or other persons in good faith based on information supplied by others, without knowledge of its deceptive nature.

The bill also retains existing exemptions related to publishers, broadcasters, and transactions regulated by the Corporation Commission. Furthermore, it maintains the exemption concerning the collection of certain taxes, such as gross receipts tax on mixed beverages, sales tax, or use tax, that have been remitted to the appropriate authorities. The act is set to take effect on November 1, 2026.