The bill mandates the Oklahoma State Regents for Higher Education to conduct a feasibility study on the implementation of three-year bachelor's degree programs in the state. This study will explore various fields of study and assess the possibility of reducing course requirements, the number of electives, and the total credit hours needed for graduation. Additionally, the study will evaluate potential issues related to accreditation and the marketability of such degrees.

The State Regents are required to submit a report detailing the findings of the study to the Governor, the Speaker of the Oklahoma House of Representatives, and the President Pro Tempore of the Oklahoma State Senate by July 1, 2027. The bill is set to take effect on July 1, 2026, and includes a declaration of emergency to ensure its immediate implementation upon passage and approval.