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 changes aim to enhance revenue for the Drug Money Laundering and Wire Transmitter Revolving Fund.

The bill also includes provisions for the Oklahoma Tax Commission to enforce compliance, allowing for the suspension of licenses for failure to file reports or remit fees. It mandates that licensees notify customers about the 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. The act is set to take effect on November 1, 2025.