SB 677: Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date. - Oklahoma

Floor (House) → Floor (Senate) · 5 edits

MODERATE

The bill was amended from the House version to the Senate version, primarily removing the substantive provisions that regulated cash discounts and credit card surcharges. The Senate version now only repeals an existing surcharge law and sets an effective date, while the House version included detailed rules on how sellers could offer discounts and charge fees.

Scope change

The bill's scope was significantly reduced. The House version regulated both discounts for cash payments and surcharges for credit card use, while the Senate version only repeals the surcharge regulation.

REQUIREMENT

All provisions regulating cash discounts were removed, including rules on how discounts must be offered, disclosure requirements, and the statement that there is no limit on discount amounts.

All provisions regulating credit card surcharges were removed, including the 2% cap on surcharges, notice requirements, and definitions of debit cards and surcharges.

DEFINITION

Definitions for 'credit card', 'seller', 'debit card', and 'surcharge' were removed from the bill text.

TIMELINE

The committee report date changed from April 24, 2025 (House) to February 20, 2025 (Senate), and the committee changed from Commerce and Economic Development to Business and Insurance.

TECHNICAL

The bill title was shortened to only mention the repeal of the surcharge law, removing references to discount regulations.

House Committee Substitute for Senate Bill → Floor (House) · 4 edits

MODERATE

This bill version was updated from a House Committee Substitute to the House Floor version, incorporating additional sponsors (Frix) and reformatting the document header and page layout. The substantive policy content regarding sales discounts and credit card surcharges remains unchanged.

TECHNICAL

Added Frix as a co-sponsor of Senate Bill 677.

Updated document header to indicate this is the House Floor version rather than a Committee Substitute.

Reformatted page numbers and added footer text indicating bold face denotes Committee Amendments.

Adjusted line breaks and spacing throughout the document for floor version formatting.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute for Senate Bill · 5 edits

MODERATE

This bill amends Oklahoma's sales transaction laws to clarify rules on cash discounts and credit card surcharges. It removes a previous restriction that limited cash discounts to 3% and adds a new 2% cap on credit card surcharges. The bill also updates definitions and repeals an outdated surcharge provision.

Scope change

The bill expands the scope of cash discount rules to include debit cards and removes the 3% discount limit entirely, while simultaneously adding a 2% surcharge cap for credit card users.

REQUIREMENT

Removed the 3% limit on cash discounts and now allows unlimited discounts for cash, check, debit card, or similar payment methods.

Added a 2% maximum surcharge limit for credit card or debit card transactions, whichever is less than the actual processing fee.

Repealed Section 2-417, which previously governed surcharges for credit card or debit card use.

DEFINITION

Updated definitions to clarify that 'credit card' includes debit cards and added specific definitions for 'seller' and 'surcharge'.

TIMELINE

Set the effective date of the act to November 1, 2025.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 3 edits

MINOR

The bill was amended to replace the entire text with a committee substitute version that maintains the same substantive policy provisions regarding cash discounts and credit card surcharges. The changes are primarily formatting and structural rather than substantive policy changes.

TECHNICAL

The bill text was replaced with a committee substitute version that includes committee amendment headers, reading clerk information, and page numbering changes, but the actual legislative content remains substantively identical.

Minor formatting adjustments including changes to section lettering (e.g., B. C., C. D., D. E.) and line numbering throughout the document.

Header information was updated to reflect the committee substitute version with different sponsor attribution and committee oversight markings.

Engrossed → Enrolled (final version) · 7 edits · May 21, 2025

MODERATE

This bill was finalized and enacted into law, expanding consumer payment options by removing limits on cash discounts while adding stricter rules and fees for credit card surcharges. The final version also added new definitions for key terms and created exceptions for certain entities like private schools and money transmitters.

Scope change

The bill's scope expanded from a simple repeal of credit card surcharge rules to a comprehensive amendment that both allows unlimited cash discounts and imposes new restrictions on credit card surcharges, including a 2% cap and specific notice requirements.

REQUIREMENT

Added a 2% maximum limit on credit card surcharges, whereas the previous version did not specify a cap.

Required clear and conspicuous notice of surcharge amounts at points of entry and sale for in-person transactions, and on websites for online transactions.

DEFINITION

Added new definitions for 'credit card', 'seller', and 'surcharge' to clarify how these terms apply throughout the law.

ELIGIBILITY

Created exceptions allowing private educational institutions, private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

Added an exception for money transmitters registered with the U.S. Treasury to charge different prices based on transmission mode.

ENFORCEMENT

Added requirement that sellers providing non-compliant discounts must disclose such information to the Administrator of Consumer Affairs Credit.

TECHNICAL

Changed bill status from 'Engrossed' to 'Enrolled' and updated passage dates to reflect final approval by the Senate and House.

Amended And Engrossed → Engrossed · 6 edits · May 20, 2025

MODERATE

The bill was converted from an amended version that proposed significant changes to credit card surcharge and discount rules into its original Senate version, which only repeals an existing surcharge ban and sets an effective date. The substantive policy changes regarding discounts, surcharge limits, and definitions were removed, leaving only the repeal of the old surcharge prohibition.

Scope change

The bill's scope was significantly reduced from a comprehensive reform of payment transaction rules to a simple repeal of an existing statute.

REQUIREMENT

Removed provisions allowing sellers to offer unlimited discounts for cash/check payments instead of credit cards.

Removed new surcharge rules that would have allowed merchants to charge up to 2% fees for credit card use with specific notice requirements.

Removed special provisions for money transmitters and educational institutions regarding payment fees.

DEFINITION

Removed new definitions for 'credit card', 'seller', and 'surcharge' that were part of the amended version.

TIMELINE

Changed the bill's effective date from November 1, 2025 to remain unchanged in the final version.

TECHNICAL

Changed the bill title from relating to discounts and surcharges to only relating to surcharge repeal.

Introduced → Amended And Engrossed · 7 edits · May 20, 2025

MODERATE

The bill was amended to significantly expand its scope from only repealing credit card surcharge restrictions to also regulating cash/check discounts and adding new surcharge limits. The amendment clarifies that unlimited discounts are allowed for cash/check payments while capping credit card surcharges at 2% of the transaction amount, and adds exemptions for money transmitters and educational institutions.

Scope change

Expanded from solely repealing credit card surcharge restrictions to also regulating cash/check discounts and adding new surcharge limits and exemptions for specific entities.

REQUIREMENT

Changed the bill's purpose from only repealing credit card surcharge restrictions to also regulating discounts for cash/check payments and setting surcharge limits.

Added requirement that sellers must clearly and conspicuously post surcharge notices at points of entry and sale for in-person transactions.

Added 2% cap on credit card surcharges, limiting them to the lesser of 2% of transaction amount or actual processing fee.

Added requirement that sellers offering discounts not in accordance with regulations must disclose this information to the Consumer Affairs Administrator.

EXEMPTIONS

Added exemption for money transmitters registered with Treasury Department to charge different prices based on transmission mode.

Added exemption for private educational institutions, private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

DEFINITION

Added new definitions for 'credit card', 'seller', and 'surcharge' to clarify terms used in the bill.

Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date.

What changed between versions

How they voted

Actions timeline

Sponsors