House Bill No. 2169, introduced by Representative Pfeiffer, amends the Drug Money Laundering and Wire Transmitter Act by increasing the fees associated with money wire transmissions. Specifically, the bill raises the transaction fee from Five Dollars ($5.00) to Ten Dollars ($10.00) for transactions not exceeding Five Hundred Dollars ($500.00). Additionally, it increases the percentage fee on amounts exceeding Five Hundred Dollars from one percent (1%) to two percent (2%). These fees are to be remitted quarterly to the Oklahoma Tax Commission, which will allocate the revenues to the Drug Money Laundering and Wire Transmitter Revolving Fund.

The bill also includes provisions for notifying customers about their eligibility for an income tax credit equal to the transaction fee paid, contingent upon filing an individual income tax return with a valid Social Security number or taxpayer identification number. Furthermore, it grants the Oklahoma Tax Commission the authority to suspend the licenses of non-compliant licensees and their delegates, with notifications sent to relevant state authorities. The act is set to take effect on November 1, 2025.