Bill > S4497

This bill, the Payment Choice Act of 2022, prohibits retail businesses from refusing cash payments for transactions under $2,000 made at physical locations. Businesses are also prohibited from charging cash-paying customers a higher price compared to non-cash customers. The bill outlines some exceptions, such as during a temporary system failure or when the business provides customers with a free means to convert cash into a prepaid card. The Secretary is required to issue rules regarding which larger bills businesses must accept. The bill also includes provisions for enforcement, such as civil penalties and the ability for individuals to seek legal action. Additionally, the bill requires federal agencies to submit annual reports on the geographic distribution of ATMs owned by insured depository institutions.

Housing and Urban Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/4497/all-info