summary
Introduced
06/23/2022
06/23/2022
In Committee
06/23/2022
06/23/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To prohibit retail businesses from refusing cash payments, and for other purposes.
AI Summary
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.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/23/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/4497/all-info |
BillText | https://www.congress.gov/117/bills/s4497/BILLS-117s4497is.pdf |
Bill | https://www.congress.gov/117/bills/s4497/BILLS-117s4497is.pdf.pdf |
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