Req. No. 2989 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 2nd Session of the 58th Legislature (2022) SENATE BILL 1395 By: Floyd AS INTRODUCED An Act relating to higher education; requiring certain institution with certain authori zation to make certain disclosure on the institution's website, promotional media, and contracts for instruction; requiring disclosure to be in certain font size; providing wording of disclosure; providing for promulgation of rules; providing for codificat ion; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 4106 of Title 70, unless there is created a duplication in num bering, reads as follows: A. A for-profit private institution of higher education, seminary, religious institution , or any other institution authorized as a degree-granting institution pursuant to the prov isions of Section 4103 of Title 70 of the Okla homa Statutes shall disclose on the institution's website, in all promotional digital and print media created on or after the effective date of this act , and in all contracts for instruction entered into or re newed on or after the Req. No. 2989 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 effective date of this act the fact that the institution is a for - profit business. B. The disclosure required by subsection A of this section shall be in a font size that is as large or larger than any other text on the institution's website, in all promotional digital and print media, and in all contracts for instruction; provided, however, the name of the institutio n may appear in a large r font size. The disclosure shall be presented in a manner reasonably calculated to draw the att ention of a reader. C. The disclosure required by subsection A of this section shall read as follows: "___________ (Name of institution ) IS A FOR-PROFIT BUSINESS IN THE STATE OF OKLAHOMA." D. The Oklahoma State Regents for Higher Education may promulgate rules to implement the provisions of this section . SECTION 2. This act shall become effective July 1, 2022. SECTION 3. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof t his act shall take effect and be in full force from and after its passage and approval . 58-2-2989 EB 1/19/2022 10:11:50 AM