Oklahoma 2025 Regular Session

Oklahoma House Bill HB1415 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 1415 Page 1 1
	3	+	HB1415 HFLR Page 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 1415 By: West (Josh), Hefner and
30		-	Fugate of the House
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 60th Legislature (2025)
	34	+
	35	+	HOUSE BILL 1415 By: West (Josh) and Hefner of
	36	+	the House
31	37
32	38		and
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34	40		Thompson of the Senate
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	45	+	AS INTRODUCED
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40	47		An Act relating to trusts and po ols; amending 79 O.S.
41	48		2021, Sections 205 and 206, which relate to the
42	49		Oklahoma Antitrust Reform A ct; providing for accrual
43	50		of cause of action; providing for enforcement of
44	51		provisions by Attorney General; authorizing civil
45	52		penalty; providing for apportionme nt of revenue to
46	53		General Revenue Fund; prescribing standards for
47	54		determination of penalty amount; and providing an
48	55		effective date.
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54	61		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
55	62		SECTION 1. AMENDATORY 79 O.S. 2021 , Section 205, is
56	63		amended to read as follows:
57	64		Section 205. A. 1. Any person who is injured , either directly
58	65		or indirectly, in his or her business or property by a violation of
59	66		this act, may obtain appropriate injunctive or other equitable
60	67		relief and monetary damages and shall recover threefold the damages
61	68		sustained, and the cost of suit, including a reasonable attorney
62		-	fee. The Attorney General may bring an a civil action in the name
63		-	of the state, any governmental entity, or as parens patriae on
64		-	behalf of natural persons residing in the state injured, either
65	69
66		-	ENGR. H. B. NO. 1415 Page 2 1
	70	+	HB1415 HFLR Page 2
	71	+	BOLD FACE denotes Committee Amendments. 1
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	96	+	fee. The Attorney General may bring an a civil action in the name
	97	+	of the state, any governmental entity, or as parens patriae on
	98	+	behalf of natural persons residing in the state injured, either
91	99		directly or indirectly , for appropriate injunctive or other
92	100		equitable relief and to secure monetary damages for injury sustained
93	101		by such natural persons to their business or property by reason of
94	102		any violation of this act. The court shall exclude from the amount
95	103		of the monetary damages awarded in such action any amount of
96	104		monetary damages:
97	105		a. which duplicates amounts wh ich have been awarded for
98	106		the same injury, or
99	107		b. which is properly allocable to:
100	108		(1) natural persons who have excluded their claims,
101	109		and
102	110		(2) any other persons.
103	111		The court shall award the state as parens patriae threefold the
104	112		total damages sustained and the cost of suit, including a reasonable
105	113		attorney fee. Whenever the state is hereafte r injured in its
106	114		business or property by anything forbidden in this act, it may
107	115		obtain appropriate injunctive or other equitable relief and monetary
108	116		damages therefor and shal l recover actual damages by it sustained
109	117		and the cost of suit including a reasonab le attorney fee. The court
110	118		may award under this section, pursuant to a motion by such person or
111	119		the state, simple interest on actual damages for the period
112		-	beginning on the date of service of such person's or the state's
113		-	pleading setting forth a claim under this act and ending on the date
114		-	of judgment, or for any shorter period therein, if the court finds
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116		-	ENGR. H. B. NO. 1415 Page 3 1
	121	+	HB1415 HFLR Page 3
	122	+	BOLD FACE denotes Committee Amendments. 1
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	147	+	beginning on the date of service of such person's or the state's
	148	+	pleading setting forth a claim und er this act and ending on the date
	149	+	of judgment, or for any shorter period therein, if the court finds
141	150		that the award of such interest for such period is just in the
142	151		circumstances. The Attorney General may bring an action on behalf
143	152		of either the state or a political subdivision of the state when
144	153		either is injured in its business or property by anythi ng forbidden
145	154		by the provisions of this act.
146	155		2. In any civil action brought by the Attorney General as
147	156		parens patriae, the Attorney General shall, at such times , in such
148	157		manner, and with such content as the court may direct, cause notice
149	158		thereof to be given by publication. Any person on whose behalf an
150	159		action is brought may elect t o exclude from adjudication the portion
151	160		of the claim for monetary damages attribut able to him or her by
152	161		filing notice of this election with the court within the time
153	162		specified in the notice given pursuant to this paragraph.
154	163		3. In a civil action brought by the Attorney General as parens
155	164		patriae, the final judgment shall be res judicata as to any claim
156	165		under this section by any person on behalf of whom the action was
157	166		brought and who fails to give notice within the period specified in
158	167		the notice given pursuan t to paragraph 2 of this subsection.
159	168		B. Any person or governmental entity who or which obtains a
160	169		judgment for damages under 15 U.S.C., Section 15 or any other
161	170		provision of federal law comparable to this section may not recover
162		-	damages in a suit under this section based on substantially the same
163		-	conduct that was the subject of the federal suit.
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165		-	ENGR. H. B. NO. 1415 Page 4 1
	172	+	HB1415 HFLR Page 4
	173	+	BOLD FACE denotes Committee Amendments. 1
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	198	+	damages in a suit under this section based on substantially the same
	199	+	conduct that was the subject of the feder al suit.
190	200		C. Any action to recover damages under this section is barred
191	201		unless commenced within four (4) years after the claim accrued or
192	202		was discovered, whichever is later.
193	203		For purposes of the Oklahoma Antitrust Reform Act, a cause of
194	204		action accrues:
195	205		1. When the circumstances giving rise to the cause of actio n
196	206		are discovered or should have been dis covered in the exercise of
197	207		reasonable diligence; or
198	208		2. On the date that the last in a series of acts or practices
199	209		in violation of the Oklahoma Antitrust Reform Act occurred,
200	210		including any acquisitions or series of acquisitions that, in the
201	211		aggregate, may constitute a violation of the Oklahoma Antitrust
202	212		Reform Act.
203	213		SECTION 2. AMENDATORY 79 O.S. 2021, Section 206, is
204	214		amended to read as fol lows:
205	215		Section 206. A. Any person, other than a municipal
206	216		corporation, who violates Section 3, 4, or 8 of Enrolled Senate Bill
207	217		No. 1357 of the 2nd Session of the 46th Oklahoma Legislature is
208	218		guilty of a Schedule G felony, if the offense occurs on or after the
209	219		effective date of Section 20.1 of Title 21 of the Oklahoma Statutes.
210	220		If the offense is com mitted prior to the effective date of Section
211	221		20.1 of Title 21 of the Oklahoma Statutes, the crime shall be
212		-	punishable by incarceration in the custody of the Department of
213		-	Corrections for not more than ten (10) years. A violator shall,
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215		-	ENGR. H. B. NO. 1415 Page 5 1
	223	+	HB1415 HFLR Page 5
	224	+	BOLD FACE denotes Committee Amendments. 1
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	249	+	punishable by incarceration in the custody of the De partment of
	250	+	Corrections for not more than ten (10) years. A violator shall,
240	251		upon conviction, be subject to a fine not to exceed Ten Thousand
241	252		Dollars ($10,000.00) per violation.
242	253		B. The Attorney General or any district attorney may file a
243	254		criminal information or seek a criminal indictment to enforce the
244	255		provisions of subsection A of this section.
245	256		C. The Attorney General may bring a civil action on behalf of
246	257		the state to seek the imposition of a civil penalty for any
247	258		violation of the Oklahoma Antitrust Re form Act. The court, upon
248	259		finding a violation of the Oklahoma Antitrust Reform Act, shall
249	260		impose a civil penalty to be paid to the General Revenue Fund of the
250	261		state in an amount not to exceed One Million Dollars ($1,000,000.00)
251	262		for each such violation. In determining the amount of a civil
252	263		penalty, the court shall consider, among other things:
253	264		1. The nature and extent of the violation;
254	265		2. The number of consumers affected by the violation;
255	266		3. Whether the violation was an isolated incident or a
256	267		continuous pattern and practice of behavior;
257	268		4. Whether the violation was the result of willful conduct;
258	269		5. Whether the defendant took affirmative steps to conceal such
259	270		violations; and
260		-	6. Whether, given the size and wealth of the defendant, the
261		-	civil penalty will be an effective deterrent against future
262		-	violations.
263		-	SECTION 3. This act shall become effective November 1, 2025.
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265		-	ENGR. H. B. NO. 1415 Page 6 1
	272	+	HB1415 HFLR Page 6
	273	+	BOLD FACE denotes Committee Amendments. 1
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290		-	Passed the House of Representatives the 11th day of March, 2025.
	298	+	6. Whether, given the size and wealth of the defendant, the
	299	+	civil penalty will be an effective deterrent against future
	300	+	violations.
	301	+	SECTION 3. This act shall become effective November 1, 2025.
291	302
292		-
293		-
294		-
295		-	Presiding Officer of the House
296		-	of Representatives
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300		-	Passed the Senate the ___ day of __________, 2025.
301		-
302		-
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304		-
305		-	Presiding Officer of the Senate
	303	+	COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY AND PUBLIC SAFETY
	304	+	OVERSIGHT, dated 03/05/2025 - DO PASS, As Coauthored.