Unfair Sales Act; definition; low profit margins; effective date.
HB 1024 amends Oklahoma's Unfair Sales Act to clarify what constitutes an "unreasonably low profit margin" for retailers and wholesalers. It defines this as selling items at prices too low to cover costs (including standard business expenses like a 6% markup) with the intent or effect of eliminating competition in a local area. The law prohibits advertising, offering, or selling items below cost or at unfairly low margins to divert trade from competitors or harm competition. This directly affects businesses selling goods at retail or wholesale within Oklahoma, effective November 1, 2025.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 3, 2025
Last action Apr 8, 2025
Maddy AI version diff · 5 comparisons
What changed between versions
House Committee Substitute
→
Floor (House)
·
4 edits
MODERATE
The bill text was reformatted from a House Committee Substitute version to a House Floor version, with the header updated to reflect it is now the floor version. The substantive legislative content regarding the Unfair Sales Act definitions and provisions appears unchanged in this diff, as the changes are primarily formatting and version identification updates rather than policy modifications.
TECHNICAL
Header updated from 'Committee Substitute' to 'House of Representatives - Floor Version' to reflect the bill's progression through the legislative process.
Page numbering and footer information were updated to reflect the floor version format, including new page headers and footers.
Sponsorship attribution was expanded to include additional sponsors (Lepak, Hays, Osburn, and Daniels) in the floor version.
Section numbering and formatting were adjusted to align with floor version standards, though the underlying statutory language remains consistent.
Floor votes · House Mar 10, 2025
How they voted
90–3
Passed · 7 other
Total votes 100
Mar 10, 2025
D
Democratic19
73% Yea
R
Republican81
93% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Mar 11, 2025
Introduced
First Reading
upper
Mar 11, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 10, 2025
Committee
Referred for engrossment
lower
Mar 10, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 89 Nays: 3
lower
Mar 4, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee
lower
Feb 25, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass, amended by committee substitute Business
lower
Feb 4, 2025
Committee
Referred to Business
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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