This bill establishes new requirements for charitable organizations in Oklahoma regarding the disclosure of contributions received from foreign principals. It defines key terms such as "directed funding" and "foreign principal," and mandates that any charitable organization engaging in lobbying or public policy advocacy must file a disclosure with the Ethics Commission if it receives contributions totaling $10,000 or more from foreign sources. The required disclosures must include detailed information about the foreign principal, the contributions, and their intended use. Organizations must submit annual disclosures by January 31 for the previous year, with any single contribution over $10,000 needing to be reported within 30 days.

To ensure compliance, the bill imposes civil penalties of up to $25,000 for violations and allows for the suspension of organizations from lobbying activities for willful noncompliance. The Ethics Commission is tasked with maintaining a publicly accessible online database of these disclosures. However, the bill exempts contributions from federally recognized tribal nations and religious organizations, provided the funds are used solely for religious purposes. The act is set to take effect on November 1, 2026.