The bill H. 4392 proposes an amendment to the South Carolina Code of Laws by adding Section 34-3-120, which mandates that institutions providing wire transfer services charge a fee of five dollars for each international wire transfer. This fee is intended to be collected and subsequently remitted to the South Carolina Law Enforcement Division.

The bill is currently under consideration in the House Committee on Labor, Commerce and Industry after being introduced on April 23, 2025. If approved, the act will take effect upon the Governor's approval.

Statutes affected:
04/23/2025: 34-3-120
Latest Version: 34-3-120