The "South Carolina EBT Fraud Reimbursement and Economic Protection Act" aims to establish a reimbursement program for Supplemental Nutrition Assistance Program (SNAP) beneficiaries in South Carolina who have fallen victim to electronic benefit transfer (EBT) theft. This includes theft methods such as skimming and cloning. The program will reimburse eligible beneficiaries up to eighty percent of their verified lost benefits, subject to annual appropriations and a cap based on SNAP enrollment figures. The act also outlines the creation of the EBT Fraud Reimbursement Fund, which will be administered by the South Carolina Department of Social Services, and mandates the development of a fraud verification and appeal process.

Additionally, the act emphasizes the economic impact of protecting EBT benefits, noting that for every dollar spent in SNAP benefits, approximately one dollar and fifty cents is generated in local economic activity. The reimbursement fund will be capped annually based on the number of active SNAP households, and the Department of Social Services is required to report to the General Assembly on various metrics related to the program's implementation. The act will take effect upon approval by the Governor.