SB 974
Online auctions; prohibiting charging of buyer's premium; requiring certain nonelectric option for certain bidders; authorizing certain use of online auction marketplace. Emergency.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to regulate online auctions in Oklahoma by prohibiting sellers from charging a ‘buyer’s premium’ – an extra fee added to the auction price. It also requires certain online auction platforms to offer a non-electric option for bidders. Furthermore, the bill authorizes specific uses of online auction marketplaces, particularly for government surplus property sales. The bill is an emergency measure, meaning it takes effect immediately upon passage.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.