Bill
Bill > HB1633
OK HB1633
OK HB1633Legal tender; requiring acceptance of cash as legal tender; penalties and enforcement; exempting certain transactions; effective date.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
03/27/2023
03/27/2023
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
legal tender - acceptance of cash as legal tender - penalties and enforcement - codification - effective date
AI Summary
This bill, known as the "Cash Protection Act," requires businesses providing basic necessities, such as grocery stores, utility companies, pharmacies, and medical facilities, to accept cash, cashier's checks, or money orders as legal tender during regular business hours. It also prohibits government agencies from requiring citizens to use credit cards or a central bank digital currency when conducting transactions with the agency. The bill outlines penalties for violations, including warnings and fines, and enforcement by the Office of the Attorney General. The provisions related to penalties and enforcement do not take effect until a central bank digital currency is adopted. The bill is set to become effective on November 1, 2023.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Last Action
Coauthored by Senator Jett (on 04/03/2023)
Official Document
bill text
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bill summary
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bill summary
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