Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB118 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - SB118 SFLR Page 1
4		-	(Bold face denotes Committee Amendments) 1
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29		-	SENATE FLOOR VERSION
30		-	March 1, 2023
	53	+	STATE OF OKLAHOMA
31	54
	55	+	1st Session of the 59th Legislature (2023)
32	56
33		-	SENATE BILL ~~NO.~~ 118 By: Bergstrom
	57	+	SENATE BILL 118 By: Bergstrom
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	63	+	AS INTRODUCED
	64	+
	65	+	An Act relating to industry regulation; defining
	66	+	terms; creating the General Regulatory Business
	67	+	Relief Office; authorizing Director to administer
	68	+	regulatory business program; requiring regulatory
	69	+	relief office to review laws, create a framework,
	70	+	propose potential reciprocity agreements between
	71	+	states, and administer rules for applicants ; creating
	72	+	the General Regulatory Business Program Advisory
	73	+	Commission; establishing membersh ip; providing term
	74	+	limits; appointing Director as chair; requiring
	75	+	Commission to provide recommendations to regulatory
	76	+	relief office; requiring Director prepare re port on
	77	+	the activities of the regulatory relief office;
	78	+	providing for contents of report ; creating the
	79	+	General Regulatory Business Program; requiring the
	80	+	regulatory relief office to administer program;
	81	+	providing for consultations between an applicant and
	82	+	the regulatory relief office; requiring an applicant
	83	+	to submit application; providing for contents of
	84	+	application; requiring regulatory relief office to
	85	+	review applicant and comp ile report of findings for
	86	+	the Director; providing for contents of report;
	87	+	providing for acceptance or denial of application by
	88	+	the regulatory relief office and Director; requiring
	89	+	Director to consult Commission for application
	90	+	review; authorizing Commission to consult with
	91	+	applicable agency on application findings; requiring
	92	+	applicant to enter into written agreement with
	93	+	regulatory relief office and applicable agencies;
	94	+	providing for exception on suspended law or rules for
	95	+	applicant; allowing for the Director’s discretion on
	96	+	denial of applications; providing for reasons of
	97	+	denial; allowing for approved applicants to
	98	+	demonstrate offering in a twelve-month time frame;
	99	+	providing for condition s of an offering by a
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41		-	[ industry regulation - program - Commission -
42		-	recommendations - consultations - application -
43		-	agreement - denial - rules - demonstration -
44		-	disclosure - records - report - participation -
45		-	codification - effective date ]
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	151	+	participant of the Program; providing for the
	152	+	suspension of law or rules necessary for participant
	153	+	to demonstrate offering; prohibiting immunity from
	154	+	criminal offenses by participant; allowing regulatory
	155	+	relief office to end participant’s participation
	156	+	under certain conditions; requiring participant to
	157	+	provide disclosure before demonstration to consumer;
	158	+	providing contents of disclosure; allowing for
	159	+	participant to extend demonstration period at end of
	160	+	twelve-month period; requiring participant to retain
	161	+	all records, documents, and data produ ced during the
	162	+	Program; allowing for the regulatory relief office to
	163	+	request records, documents, and data from
	164	+	participant; allowing for regulatory relief office to
	165	+	dismiss participant if failure to comply; requiring
	166	+	participant to compile report for Commission
	167	+	following the end of program participation; providing
	168	+	for contents of report; requir ing the regulatory
	169	+	relief office to establish a web page; providing for
	170	+	contents of webpage; requiring regulatory relief
	171	+	office to provide report to the Governor and
	172	+	Legislature with suggestions; providing for
	173	+	codification; and providing an effective date.
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53	179		BE IT ENACTED BY THE PEOPLE OF THE STA TE OF OKLAHOMA:
54	180		SECTION 1. NEW LAW A new section of law to be codified
55	181		in the Oklahoma Statutes as Section 802 of Title 40, unless there is
56	182		created a duplication in numbering, reads as follows:
57	183		As used in this act:
58	184		1. “Applicable agency” means a department or agency of the
59	185		state that by law regulates a business acti vity and person engage d
60	186		in such business activity including the issuances of licenses or
61	187		other types of authorization, which the office determines would
62	188		otherwise regulate a participant;
63	189
64		-	SENATE FLOOR VERSION - SB118 SFLR Page 2
65		-	(Bold face denotes Committee Amendments) 1
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90	240		2. “Applicant” means a person that purcha ses or otherwise
91	241		enters into a transaction or ag reement to receive an offering
92	242		pursuant to a demonstration by a participant;
93	243		3. “Commission” means the General Regulatory Business Program
94	244		Advisory Commission;
95	245		4. “Commissioner” means the Commissioner of Labor;
96	246		5. “Consumer” means a person that purchases or otherwise enters
97	247		into a transaction or agreement to receive an offering pursuant to a
98	248		demonstration by a participant;
99	249		6. “Demonstrate” or “demonstration” means to temporarily
100	250		provide an offering in accordance with the provisions of this act;
101	251		7. “Director” means the Director of the General Regulatory
102	252		Business Relief Office;
103	253		8. “Innovation” means the use or incorporation of a new idea, a
104	254		new or emerging technology, or a new use of existing technology to
105	255		address a problem, provide a benefit, or otherwise offer a product,
106	256		production method, o r service;
107	257		9. “Innovative offering” means an offering that includes an
108	258		innovation;
109	259		10. “Participant” means a person whose appli cation to
110	260		participate in the General Regulatory Business Program is in
111	261		accordance with the provisions of this act;
112	262		11. “Product” means a commercially distributed good th at is:
113	263		a. tangibly personal property,
114	264
115		-	SENATE FLOOR VERSION - SB118 SFLR Page 3
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141	315		b. the result of a production process, and
142	316		c. passed through the distribution channel before
143	317		consumption;
144	318		12. “Production” means the method or process of creating or
145	319		obtaining a good, which may include assembling, bre eding, capturing,
146	320		collecting, extracting, fabricating, farming, fishing, gathering,
147	321		growing, harvesting, hunting, manufacturing, mining, processing,
148	322		raising, or trapping a g ood;
149	323		13. “Program” means the General Regulatory Business Program
150	324		created in Section 5 of this act, which allows a per son to
151	325		temporarily demonstrate an offering under a waiver or suspension of
152	326		one or more state laws and regulation ;
153	327		14. “Regulatory relief office” means the General Regulatory
154	328		Business Relief Office created in Section 2 of this act; and
155	329		15. “Service” means any commercial activity, duty, or labor
156	330		performed for another person.
157	331		SECTION 2. NEW LAW A new section of law to be codified
158	332		in the Oklahoma Statutes as Sec tion 802.1 of Title 40, unless there
159	333		is created a duplication in numbering, reads as follows:
160	334		A. There is created within the Department of Labor the General
161	335		Regulatory Business Relief Office.
162	336		B. 1. The regulatory relief office shall be administered by
163	337		the Director of the General Regulatory Business Relief Office.
164	338
165		-	SENATE FLOOR VERSION - SB118 SFLR Page 4
166		-	(Bold face denotes Committee Amendments) 1
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191	389		2. The Director shall report to the Commissioner of Labor and
192	390		may appoint staff subject to the approval of the Commissioner.
193	391		C. The regulatory relief office shall:
194	392		1. Administer the provisions of this act ;
195	393		2. Administer the General Regulatory Business Program; and
196	394		3. Act as a liaison between private businesses and applicable
197		-	agencies to ~~identify~~ state laws or agency rules that could
	395	+	agencies to identity state laws or agency rules that could
198	396		potentially be repealed or suspended under the Program.
199	397		D. The regulatory relief office may:
200	398		1. Review state laws and regulations that may un necessarily
201	399		inhibit the creation and success of new c ompanies or industries and
202	400		provide recommendations to the Governor and the Legislature on
203	401		modifying such laws and regulations ;
204	402		2. Create a framework for analyzing the risk level to the
205	403		health, safety, and financial well -being of consumers related to
206	404		permanently removing or temporarily suspending laws and agency rules
207	405		inhibiting the creation or success of new and existing com panies or
208	406		industries;
209	407		3. Propose potential reciprocity agreements between states that
210	408		use or are proposing to use similar programs as described in this
211	409		act; and
212	410		4. In accordance with administrative rules and this act,
213	411		establish rules regarding:
214	412
215		-	SENATE FLOOR VERSION - SB118 SFLR Page 5
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241	463		a. administrating this act including making rules
242	464		regarding application process and the reporting
243	465		requirements of participants, and
244	466		b. cooperating and consulting with other agencies in this
245	467		state that administer business programs.
246	468		SECTION 3. NEW LAW A new sec tion of law to be codified
247	469		in the Oklahoma Statutes as Section 802.2 of Title 40, unless there
248	470		is created a duplication in numbering, reads as follows:
249	471		A. There is hereby created the General Regulatory Business
250	472		Program Advisory Commission.
251	473		B. The Commission shall consist of eleven (11) members to be
252	474		appointed and serve as f ollows:
253	475		1. Six members appointed by the Director of the General
254	476		Regulatory Business Relief Office who represent business interests
255	477		and are selected from a variety of industries;
256	478		2. Three members appointed by the Director who represent state
257	479		agencies that regulate business;
258	480		3. One member of the Senate, appointed by the President Pro
259	481		Tempore of the Senate; and
260	482		4. One member of the House of Representatives, appointed by the
261	483		Speaker of the House of Representatives.
262	484		C. 1. Except as otherwise provided in paragraph 2 of this
263	485		subsection, members of the Commission who are not members of the
264	486		Legislature shall be appointed to four -year terms.
265	487
266		-	SENATE FLOOR VERSION - SB118 SFLR Page 6
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292	538		2. The Director may adjust the length of terms of appointments
293	539		and reappointments to the Commission so the majority of members are
294	540		appointed every two years.
295	541		D. The Director shal l appoint a chair for the Commission
296	542		annually.
297	543		E. A majority of the Commission shall constitute a quorum for
298	544		purposes of conducting the business of the Commission, and the
299	545		actions of the majority shall constitute the actions of the
300	546		Commission.
301	547		F. The Commission shall advise and make recommendations to the
302	548		regulatory relief office as described in this act.
303	549		G. The regulatory relief office shall provide administrative
304	550		staff support for the Commission.
305	551		H. Members shall not receive a salary for duties performed as
306	552		members of the Commission but shall be reimbursed for their actual
307	553		and necessary expenses incurred in the perfo rmance of Commission
308	554		duties pursuant to the provisions of the State Travel Reimbursement
309	555		Act.
310	556		I. The Commission shall be subject to the Oklahoma Open Meeting
311	557		Act and the Oklahoma Open Records Act.
312	558		SECTION 4. NEW LAW A new section o f law to be codified
313	559		in the Oklahoma Statutes as Section 802.3 of Title 40, unless there
314	560		is created a duplication in numbering, reads as follows:
315	561
316		-	SENATE FLOOR VERSION - SB118 SFLR Page 7
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342	612		A. The Director of the General Regulatory Business Relief
343	613		Office shall prepare a report on the activities of the General
344	614		Regulatory Business Relief Office, which shall include:
345	615		1. Information regarding each participant in the General
346	616		Regulatory Business P rogram created in this act including which
347	617		industries each participant represents and the anticipated or actual
348	618		cost savings that each participant experienced;
349	619		2. Recommendations regarding any laws or agency rules that
350	620		should be permanently amended;
351	621		3. Information regarding outcomes for consumers; and
352	622		4. Recommendations for changes to the Program or other duties
353	623		of the regulatory re lief office.
354	624		B. By October 1 of each year, the Director shall provide the
355	625		report to the Legislature.
356	626		SECTION 5. NEW LAW A new section of law to be codified
357	627		in the Oklahoma Statutes as Section 802.4 of Title 40, unless there
358	628		is created a duplication in numbering, reads as follows:
359	629		A. There is hereby created in the General Regulatory Business
360	630		Relief Office the General Regulatory Business Program.
361	631		B. In administering th e Program, the regulatory relief office:
362	632		1. Shall consult with each applicable agency;
363	633		2. Shall establish a program to enable a person to obtain legal
364	634		protections and limited access to the market in this state to
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392	686		demonstrate an innovative offering without obtaining a license or
393	687		other authorization that mi ght otherwise be required;
394	688		3. May enter into agreements with or adopt the best prac tices
395	689		of corresponding federal regulatory agencies or other states that
396	690		are administering similar programs; and
397	691		4. May consult with business es in this state about existing or
398	692		potential proposals for the Program.
399	693		C. 1. An applicant for the Program may contact the regulatory
400	694		relief office to request a consultation regarding the Program before
401	695		submitting an application.
402	696		2. The regulatory relief office may provide assistance to an
403	697		applicant in preparing an application for submission.
404	698		D. An applicant for the Program shall provide the regulatory
405	699		relief office an application in a form prescrib ed by the regulatory
406	700		relief office that:
407	701		1. Confirms the applicant is subject to the jurisdiction of
408	702		this state;
409	703		2. Confirms the applicant has established a physical or virtual
410	704		location in this state, from which the d emonstration of an
411	705		innovative offering will be developed and performed and where all
412	706		required records, documents, and data will be maintained;
413	707		3. Contains relevant personal and contact information for th e
414	708		applicant including legal names, addresses, telephone numbers, email
415	709
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418	736		2
419	737		3
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422	740		6
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437	755		21
438	756		22
439	757		23
440	758		24
441	759
442	760		addresses, website addresses, and other information required by the
443	761		regulatory relief office ;
444	762		4. Discloses criminal convictions of the applicant or other
445	763		participating personnel, if any;
446	764		5. Contains a description of the innovative offering to be
447	765		demonstrated including statements regarding:
448	766		a. how the offering is subject to licensing, legal
449	767		prohibition, or other authorization requirements
450	768		outside of the Program,
451	769		b. each law or rule that that the applicant seeks to have
452	770		waived or suspended while participating in the
453	771		Program,
454	772		c. how the offering would benefit cons umers,
455	773		d. how the offering is different from other offerings
456	774		available in this state,
457	775		e. what risks may exist for consumers who use or purchase
458	776		the offering,
459	777		f. how participating in the Program would enable a
460	778		successful demonstration of the off ering,
461	779		g. a description of the proposed demonstration plan
462	780		including estimated time periods for beginning and
463	781		ending the demonstration,
464	782		h. recognition that the applicant will be subject to all
465	783		laws and agency rules pertaining to the applicant’s
466	784
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490	832		23
491	833		24
492	834
493	835		offering after the conclusion of the demonstration,
494	836		and
495	837		i. how the applicant shall end the demonstration and
496	838		protect consumers if the demonstration fails;
497	839		6. Lists each gover nment agency, if any, that the applicant
498	840		knows regulates the applicant’s business; and
499	841		7. Provides any other required information as determined by the
500	842		regulatory relief office.
501	843		E. The regulatory relief office may collect an applicati on fee
502	844		from an applicant set in administrative rules by the Department of
503	845		Labor.
504	846		F. An applicant shall file a separate application fo r each
505	847		innovative offering that the applicant wishes to demonstrate.
506	848		G. After an application is filed, the regulatory rel ief office:
507	849		1. Shall classify the application and any related information
508	850		provided by the applicant as confidential;
509	851		2. Consult with each applicable government agency that
510	852		regulates the applicant’s business regarding whether more
511	853		information is needed fr om the applicant; and
512	854		3. Seek additional informat ion from the applicant that the
513	855		regulatory relief office determines is necessary.
514	856		H. No later than five (5) business days after the day on which
515	857		a completed application is received, the regulatory relief o ffice
516	858		shall:
517	859
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543	909
544	910		1. Review the application an d refer the application to each
545	911		applicable government agency tha t regulates the applicant’s
546	912		business; and
547	913		2. Provide to the applicant:
548	914		a. an acknowledgement of receipt of the application, and
549	915		b. the identity and contact information of each
550	916		regulatory agency to which the application h as been
551	917		referred for review.
552	918		I. 1. Subject to paragraphs 3 and 7 of this subsection, no
553	919		later than thirty (30) days after the applicable agency receives a
554	920		completed application for re view, the applicable agency shall
555	921		provide a written report to the Director of the applicable agency’s
556	922		findings.
557	923		2. The report shall:
558	924		a. describe any identifiable, likely, and significant
559	925		harm to the health, safety, or financial wellbeing of
560	926		consumers that the relevant law or rule protects
561	927		against, and
562	928		b. make a recommendation to the re gulatory relief office
563	929		that the applicant either be admitted or denied
564	930		entrance into the Program.
565	931		3. a. the applicable agency may request an additional five
566	932		(5) business days to deliver the written report by
567	933
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593	983
594	984		providing notice to the Director, which request shall
595	985		automatically be granted, and
596	986		b. the applicable agency may only request on e extension
597	987		per application.
598	988		4. If the applicable agency recommends an applicant under this
599	989		section be denied entra nce into the Program, the written report
600	990		shall include a description of the reasons for the recommendation
601	991		including why a temporary waiver or suspension of the rele vant laws
602	992		or agency rules would potentially significantly harm the he alth,
603	993		safety, or financial wellbeing of consumers or the public and the
604	994		likelihood of such harm occurring.
605	995		5. If the agency determines that the consumer’s or public’s
606	996		health, safety, or financial wellbeing can be protected through less
607	997		restrictive means than the existing relev ant laws or agency rules,
608	998		then the applicable agency shall pro vide a recommendation of how
609	999		that may be achieved.
610	1000		6. If an applicable agency fails to deliver a written r eport
611	1001		pursuant to this subsection, the Director shall assume the
612	1002		applicable agency does no t object to the temporary waiver or
613	1003		suspension of the relevant laws or agency rules for an applicant
614	1004		seeking to participate in the Program.
615	1005		7. Notwithstanding any ot her provisions of this section, an
616	1006		applicable agency may by writt en notice to the regulator y relief
617	1007		office:
618	1008
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644	1058
645	1059		a. within the thirty (3 0) days after the applicable
646	1060		agency receives a complete d application for review, or
647	1061		within thirty-five (35) days if an extension has been
648	1062		requested by the applicable agency, reject an
649	1063		application if the applicable ag ency determines, in
650	1064		the applicable agency ’s sole discretion, t hat the
651	1065		applicant’s offering fails to co mply with standards or
652	1066		specifications:
653	1067		(1) required by federal law or rule, or
654	1068		(2) previously approved for use by a federal agen cy,
655	1069		or
656	1070		b. reject an application preliminarily approved by the
657	1071		regulatory relief office, if the applicable agency:
658	1072		(1) recommended rejection of the application in
659	1073		accordance with paragraph 4 of this subsection in
660	1074		the agency’s report, and
661	1075		(2) provides in the written notice under paragraph 4
662	1076		of this subsection, a description o f the
663	1077		applicable agency’s reasons why approval of the
664	1078		application would create a substa ntial risk of
665	1079		harm to the health or safety of the public or
666	1080		create unreasonable expenses for taxpaye rs of
667	1081		this state.
668	1082
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694	1132
695	1133		8. If an applicable agency rejects an application under
696	1134		paragraph 7 of this subsection, the regulatory relief office shall
697	1135		not approve the applicat ion.
698	1136		J. 1. Upon receiving a written report described in subsection
699	1137		I of this section, the Director shall provide t he application and
700	1138		the written report to the Commission.
701	1139		2. The Director may call the Commission to meet as needed, but
702	1140		not less than once per quarter if appli cations are available for
703	1141		review.
704	1142		3. After receiving and reviewing the application and each
705	1143		written report, the Commission shall provid e to the Director the
706	1144		Commission’s recommendation as to whether or not the applicant
707	1145		should be admitted as a participant under this act.
708	1146		4. As part of the Commission’s review of each writte n report,
709	1147		the Commission shall use the criteria required for an applicable
710	1148		agency as prescribed in subsection I of this section.
711	1149		K. 1. In reviewing an application and each applicable agency ’s
712	1150		written report, the regulatory relief office shall consult with each
713	1151		applicable agency and the Commission before admitting an applicant
714	1152		into the Program.
715	1153		2. The consultation with e ach applicable agency and the
716	1154		consultation with the Commission may include seeking information
717	1155		about whether:
718	1156
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744	1206
745	1207		a. the applicable agency has previously issued a license
746	1208		or other authorization to the applicant, and
747	1209		b. the applicable agency has previously inve stigated,
748	1210		sanctioned, or pursue d legal action against the
749	1211		applicant.
750	1212		L. In reviewing an application under this section, the
751	1213		regulatory relief office and applica ble agency shall consider
752	1214		whether a competitor to the applicant is or has been a participant
753	1215		and, if so, weigh that as a factor in favor of allowing the
754	1216		applicant to also become a participant.
755	1217		M. In reviewing an application under this section, the
756	1218		regulatory relief office shall consider whether :
757	1219		1. The applicant’s plan will adequately protect consumers from
758	1220		potential harm identified by an applicable agency in the applicable
759	1221		agency’s written report;
760	1222		2. The risk of harm to consumers is outweighed by the potential
761	1223		benefits to consumers from the applican t’s participation in the
762	1224		Program; and
763	1225		3. Certain state laws or agency rules that regulate an offering
764	1226		should not be waived or suspended even if the applicant is approved
765	1227		as a participant including applicable antifraud or disclosure
766	1228		provisions.
767	1229		N. 1. An applicant becomes a participant if the regulatory
768	1230		relief office approves the application for the Program and enters
769	1231
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795	1281
796	1282		into a written agreement with the applicant describing the specific
797	1283		laws or agency rules that are waived or suspended as part of
798	1284		participation in the Program.
799	1285		2. Notwithstanding any other provisions of this act, the
800	1286		regulatory relief office may not enter into a written agreement with
801	1287		an applicant that waives or suspends a tax, fee, or charges t hat are
802	1288		administered by the Oklahoma Tax Commission.
803	1289		O. 1. The Director may deny at the Director ’s sole discretion
804	1290		any application submitted under this section for any reason
805	1291		including if the Director determines that the preponderan ce of
806	1292		evidence demonstrates that suspending or waiving enforcement of a
807	1293		law or rule would cause a significant risk or harm to consumers or
808	1294		residents of this state.
809	1295		2. If the Director denies an application submitted under this
810	1296		section, the regulatory relie f office shall provide to the applicant
811	1297		a written description of the reasons for not al lowing the applicant
812	1298		to be a participant.
813	1299		3. The denial of an application submitted under this section is
814	1300		not subject to:
815	1301		a. agency or judicial review, or
816	1302		b. the provisions of the Administrative Procedures Act.
817	1303		P. The Director shall deny an app lication for participation in
818	1304		the Program described in this section if the applicant or any person
819	1305		who seeks to participate with the applicant in demonstrating an
820	1306
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846	1356
847	1357		offering has been convicted, entered a plea of nolo contendere, or
848	1358		entered a plea of guilty for any crime involving significant theft,
849	1359		fraud, or dishonesty if the crime bears a significant relationsh ip
850	1360		to the applicant’s or other participant’s ability to safely and
851	1361		competently participate in the Program.
852	1362		Q. When an applicant is approved f or participation in the
853	1363		Program, the Director may provide notice of the approval to
854	1364		competitors of the applicant and the p ublic.
855	1365		SECTION 6. NEW LAW A new section of law to be codified
856	1366		in the Oklahoma Statutes as Section 802.5 of Title 40, unless there
857	1367		is created a duplication in numbering, reads as follows:
858	1368		A. If the General Regulatory Business Relief Office approves an
859	1369		application under this section, the participant has twelve (12)
860	1370		months after approval to demonstrate the offering described in the
861	1371		participant’s application.
862	1372		B. An offering that is demonstrated within the General
863	1373		Regulatory Business Program is subject to the following:
864	1374		1. Each consumer shall be a resident of this state; and
865	1375		2. No law or rule may be waived or suspended if waiving or
866	1376		suspending the law or rule would prevent a consumer from seeking
867	1377		restitution in the even t that the consumer is harmed.
868	1378		C. This section does not restrict a participant who holds a
869	1379		license or other authorization in another ju risdiction from acting
870	1380		in accordance with that license or other authorization.
871	1381
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874	1408		2
875	1409		3
876	1410		4
877	1411		5
878	1412		6
879	1413		7
880	1414		8
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890	1424		18
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892	1426		20
893	1427		21
894	1428		22
895	1429		23
896	1430		24
897	1431
898	1432		D. A participant is deemed to possess an appr opriate license or
899	1433		other authorization under the laws of this sta te for the purposes of
900	1434		any provision of federa l law requiring licensure or other
901	1435		authorization by the s tate.
902	1436		E. Except as provided in subsection F of this section, during
903	1437		the demonstration period:
904	1438		1. A participant is not subject to the enforcement of state
905	1439		laws or agency rules identified in the written agreement betwee n the
906	1440		regulatory relief office and the parti cipant;
907	1441		2. A prosecutor may not file or pursue charges pertaining to a
908	1442		law or rule identified in the written agreement between the
909	1443		regulatory relief office and the participant; and
910	1444		3. A state agency may not file or pursue any punitive action
911	1445		against a participant including a fine or license suspension or
912	1446		revocation, for the violation of a law or rule that is identified as
913	1447		being waived or suspended in the w ritten agreement between the
914	1448		regulatory relief office and the participant.
915	1449		F. Notwithstanding any other provision of this section, a
916	1450		participant shall not have immuni ty related to any criminal offense
917	1451		committed during the participant’s participation in the Program.
918	1452		G. By written notice, the regulatory re lief office may end a
919	1453		participant’s participation in the Program at any time an d for any
920	1454		reason including if the Director determines that a participant is
921	1455
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924	1482		2
925	1483		3
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927	1485		5
928	1486		6
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930	1488		8
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935	1493		13
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937	1495		15
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940	1498		18
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942	1500		20
943	1501		21
944	1502		22
945	1503		23
946	1504		24
947	1505
948	1506		not operating in good faith to bring an innovative offering to the
949	1507		market.
950	1508		H. The regulatory relief office and the regulatory relief
951	1509		office’s employees are not liable for any business los ses or the
952	1510		recouping of application expenses or other expenses related to the
953	1511		Program including for:
954	1512		1. Denying an applicant’s application to part icipate in the
955	1513		Program, for any reason; and
956	1514		2. Ending a participant’s participation in the Program at any
957	1515		time and for any reason.
958	1516		SECTION 7. NEW LAW A new section of law to be codified
959	1517		in the Oklahoma Statutes as Section 802.6 of Title 40, unless there
960	1518		is created a duplication in numbering, reads as follows :
961	1519		A. Before demonstrating an offering to a consumer, a
962	1520		participant shall disclose the following to the consumer:
963	1521		1. The name and contact information of the participant;
964	1522		2. That the offering is authorized pursuant to this act and, if
965	1523		applicable, that the participant does not have a license or other
966	1524		authorization to provide an of fering under state laws that regulate
967	1525		an offering outside of the General Regulatory Business Program;
968	1526		3. That the offering is undergoing testing and may not fu nction
969	1527		as intended and may expose the consumer to c ertain risks as
970	1528		identified by the applicable agency ’s written report;
971	1529
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974	1556		2
975	1557		3
976	1558		4
977	1559		5
978	1560		6
979	1561		7
980	1562		8
981	1563		9
982	1564		10
983	1565		11
984	1566		12
985	1567		13
986	1568		14
987	1569		15
988	1570		16
989	1571		17
990	1572		18
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992	1574		20
993	1575		21
994	1576		22
995	1577		23
996	1578		24
997	1579
998	1580		4. That the provider of the offering is no t immune from civil
999	1581		liability for any losses or damages caused by the offering;
1000	1582		5. That the provider of the offering is not immune from
1001	1583		criminal prosecution for violations of state law or agency rules
1002	1584		that are not suspended or waived as allowed by the Program;
1003	1585		6. That the offering is a temporary demonstration that may be
1004	1586		discounted at the end of the demonstration period;
1005	1587		7. The expected end date of the demonstration period; and
1006	1588		8. That a consumer may cont act the General Regulatory Business
1007	1589		Relief Office and file a complaint regarding the o ffering being
1008	1590		demonstrated and provide the regulatory re lief office’s telephone
1009	1591		number and website addres s where a complaint may be filed.
1010	1592		B. The disclosures required by subsection A of this section
1011	1593		shall be provided to a consumer in a clear and conspicuous form and,
1012	1594		for an Internet or application -based offering, a consumer shall
1013	1595		acknowledge receipt of the d isclosure before any transaction ma y be
1014	1596		completed.
1015	1597		C. The regulatory relief office may require that a participant
1016	1598		make additional disclosures to a con sumer.
1017	1599		SECTION 8. NEW LAW A new section of law to be codified
1018	1600		in the Oklahoma Statutes as Section 802.7 of Title 40, unless there
1019	1601		is created a duplicat ion in numbering, reads as follows:
1020	1602		A. No later than thirty (30) days before the end of the twelve-
1021	1603		month demonstration period, a partic ipant shall:
1022	1604
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1025	1631		2
1026	1632		3
1027	1633		4
1028	1634		5
1029	1635		6
1030	1636		7
1031	1637		8
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1047	1653		24
1048	1654
1049	1655		1. Notify the General Regulatory Business Relief Office that
1050	1656		the participant shall exit the General Regulatory Business Program
1051	1657		and discontinue the participa nt’s demonstration afte r the day on
1052	1658		which the twelve-month demonstration period ends; or
1053	1659		2. Seek an extension in accordance with Section 9 of this act.
1054	1660		B. Except as provided in sub section C of this se ction, if the
1055	1661		regulatory relief office does not receive notification as requi red
1056	1662		by subsection A of this s ection, the demonstration period shall end
1057	1663		at the end of the twelve-month period.
1058	1664		C. If a demonstration inclu des an offering that requires
1059	1665		ongoing duties, the participant may continue to do so but will be
1060	1666		subject to enforcement of the laws or agency rules that were waived
1061	1667		or suspended as part of the Program.
1062	1668		SECTION 9. NEW LAW A new section of law to be codified
1063	1669		in the Oklahoma Statutes as Section 802.8 of Title 40, unless there
1064	1670		is created a duplication in numbering, reads as follows:
1065	1671		A. No later than thirty (30) days before the end of the tw elve-
1066	1672		month demonstration period, a pa rticipant may request an extension
1067	1673		of the demonstration period.
1068	1674		B. The General Regulatory Business Relief Office shall grant or
1069	1675		deny a request for an extension in accordance with subsection A of
1070	1676		this section by the end of the twelve-month period.
1071	1677
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1074	1704		2
1075	1705		3
1076	1706		4
1077	1707		5
1078	1708		6
1079	1709		7
1080	1710		8
1081	1711		9
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1096	1726		24
1097	1727
1098	1728		C. The regulatory relief office may grant an extension for not
1099	1729		more than twelve (12) months after the end of th e demonstration
1100	1730		period.
1101	1731		SECTION 10. NEW LAW A new section of law to be codified
1102	1732		in the Oklahoma Statutes as Section 802.9 of Title 40, unless there
1103	1733		is created a duplication in numberi ng, reads as follows:
1104	1734		A. A participant shall retain records, documents, and data
1105	1735		produced in the ordinary course of business regarding an offering
1106	1736		demonstrated in the General Regulatory Business Program.
1107	1737		B. If a participant ceases to provide an offer ing before the
1108	1738		end of a demonstration period, the participant shall notify the
1109	1739		General Regulatory Business Relief Office and each applicable agency
1110	1740		and report on actions taken by the participant to ensure consumers
1111	1741		have not been harmed as a result. The regulatory relief office
1112	1742		shall establish quart erly reporting requirements for a participant
1113	1743		including information about any consumer complaints .
1114	1744		C. The regulatory relief office may request records, documents,
1115	1745		and data from a partic ipant and, upon the regula tory relief office’s
1116	1746		request, the participant shall mak e such records, documents, and
1117	1747		data available for inspection by the regulatory relief office.
1118	1748		D. 1. The participant shall notify the regulatory relief
1119	1749		office and each applicable agency of any incidents that result in
1120	1750		harm to the health, safety, or financ ial wellbeing of a c onsumer.
1121	1751
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1124	1778		2
1125	1779		3
1126	1780		4
1127	1781		5
1128	1782		6
1129	1783		7
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1146	1800		24
1147	1801
1148	1802		2. If a participant fails to notify the regulatory relief
1149	1803		office and each applicable agency of any incidents as described in
1150	1804		paragraph 1 of subsection E of this section, o r the regulatory
1151	1805		relief office or an applicable agency has evidence that significant
1152	1806		harm to a consumer has occurred, the regulatory relief o ffice may
1153	1807		immediately remove the par ticipant from the Program.
1154	1808		E. 1. No later than thirty ( 30) days after the participant
1155	1809		exits the Program, the participant shall submi t a written report to
1156	1810		the regulatory relief office and each applicable agency describing
1157	1811		an overview of the participant’s demonstration includ ing any:
1158	1812		a. incidents of harm to consumers,
1159	1813		b. legal action filed against the participant as a result
1160	1814		of the participant’s demonstration, and
1161	1815		c. complaints filed with an applicable agency as a result
1162	1816		of the participant’s demonstration.
1163	1817		2. No later than thirty (30) days after an applicable agenc y
1164	1818		receives the quarterly reporting described in subsection B of this
1165	1819		section or a written report from a participant pursuant to paragraph
1166	1820		1 of subsection E of t his section, the applicable agency shall
1167	1821		provide a written report to the regulatory relief office on t he
1168	1822		demonstration that describes any statutory or rule change the
1169	1823		applicable agency recommends as a result of the demonstration.
1170	1824		F. The regulatory re lief office may remove a participant from
1171	1825		the Program at any time if the regulatory relief office determines
1172	1826
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1175	1853		2
1176	1854		3
1177	1855		4
1178	1856		5
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1180	1858		7
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1198	1876
1199	1877		that a participant has engaged in, is engaging in, or is about to
1200	1878		engage in any practice or transaction that is in violation of this
1201	1879		act or that constitutes a violation of a law or rule for which
1202	1880		suspension or waiver has not been granted.
1203	1881		SECTION 11. NEW LAW A new section of law to be codified
1204	1882		in the Oklahoma Statutes as Section 802.10 of Title 40, unless there
1205	1883		is created a duplicat ion in numbering, reads as follow s:
1206	1884		A. The General Regulatory Business Relief Office shall create
1207	1885		and maintain on the Department of Labor’s website a webpage that
1208	1886		invites residents and businesses in this state to make sugges tions
1209	1887		regarding laws and agency rules that could be modified or eliminated
1210	1888		to reduce the regulatory burden of residents and businesses in this
1211	1889		state.
1212	1890		B. On no less than a quarterly basis, the regulatory relief
1213	1891		office shall compile the results of the sugge stions from the webpage
1214	1892		and provide a written report to the Governor, the President Pro
1215	1893		Tempore of the Senate, and the Speaker of the House of
1216	1894		Representatives that describes the most common suggestions .
1217	1895		C. In creating the report described in s ubsection B of this
1218	1896		section, the regulatory relief office and the Commission:
1219	1897		1. Shall ensure the priv ate information of residents and
1220	1898		businesses that make sugge stions on the website is not made public;
1221	1899		and
1222	1900
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1225	1927		2
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1228	1930		5
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1248	1950
1249	1951		2. May evaluate the suggestions and provide analysis and
1250	1952		suggestions regarding which state laws and agency rules could be
1251	1953		modified or eliminated to reduce the regulatory burden of resident s
1252	1954		and businesses in this state while still protecting consumers.
1253	1955		SECTION 12. This act shall become effective No vember 1, 2023.
1254		-	~~COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS~~
1255		-	~~March~~ 1, 2023 ~~- DO PASS~~
	1956	+
	1957	+	59-1-507 MR 1/3/2023 4:39:32 PM