The bill amends Section 1290.22 of the Oklahoma Self-Defense Act, which outlines the rights of business owners regarding the possession of firearms on their properties. It clarifies that business owners, property owners, and other entities have the right to control the possession of weapons on their premises, while also specifying that they cannot prohibit individuals, except convicted felons, from transporting and storing firearms in locked vehicles. Additionally, the bill allows property owners to prohibit the carrying of concealed or unconcealed firearms on their property, provided they post appropriate signage if the property is open to the public.

One significant change in the bill is the reduction of the fine for individuals who violate firearm prohibition policies on private property. The fine is decreased from a maximum of $250 to $25. The bill also establishes immunity for property owners and employers from liability related to their decisions on allowing or prohibiting firearms, except in cases of gross negligence or willful misconduct. The act is set to take effect on November 1, 2026.