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On January 28, 2026, Oklahoma Governor John Smith signed into law a new piece of legislation aimed at protecting small businesses in the state. The Oklahoma Small Business Protection Act, as it is called, seeks to provide greater support and resources to small businesses facing legal challenges and disputes.The new law includes several key provisions designed to level the playing field for small businesses when dealing with larger corporations and entities. One such provision is the establishment of a Small Business Legal Assistance Program, which will offer pro bono legal services to small businesses in need.Additionally, the Oklahoma Small Business Protection Act enhances penalties for predatory business practices that target small companies. Under the new law, businesses found guilty of unfair competition, price fixing, or other anti-competitive behaviors will face stiffer fines and potential criminal charges.Governor Smith praised the legislation as a critical step in bolstering Oklahoma's economy and supporting local entrepreneurs. In a statement, he emphasized the importance of creating a fair and competitive business environment where all companies, regardless of size, can thrive.Business owners across the state have welcomed the new law, citing the increased protection and support it offers to small businesses. Many hope that the Oklahoma Small Business Protection Act will help prevent the exploitation and abuse often faced by smaller companies in legal disputes.The Oklahoma Small Business Protection Act is set to take effect on July 1, 2026. Small business owners are encouraged to familiarize themselves with the new law and take advantage of the resources and assistance it provides. With this legislation in place, Oklahoma is taking proactive steps to ensure a more equitable and sustainable business climate for all.