I think it's basically, if not exactly the same as the Senate bill that's trucking along. I have a number of problems with these bills, other than the obvious one that they leave the handgun prohibition intact, requiring a license to carry. For instance, it limits legal carry to use of specific types of holsters, but only if carrying unconcealed.
I think that the "created penalty" is the 30.07. Right now, as you may know, specific signage is required to prohibit CHL holders from carrying a concealed handgun. This bill would require similar but separate signage to prohibit openly carried handguns. The idea is to protect concealed carriers if businesses want to prohibit open carry, but not necessarily concealed carry. They think that anti-gun businesses will prohibit open carry but not concealed carry. This is of course really stupid... What this really does is allows pro-gun but anti-liberty folks to prohibit the method of carry they wish was illegal while not simultaneously prohibiting their privileged friends from concealed carrying. That isn't to say I believe private property can't make whatever rules they wish. But, I am digressing...