Bill

Bill > HB1633


OK HB1633

OK HB1633
Legal tender; requiring acceptance of cash as legal tender; penalties and enforcement; exempting certain transactions; effective date.


summary

Introduced
02/06/2023
In Committee
04/03/2023
Crossed Over
03/27/2023
Passed
Dead
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)

bill text


bill summary

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bill summary

Document Type Source Location
State Bill Page http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1633&Session=2400
State Bill Page http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1633&Session=2300
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20SUBS/SCSH/HB1633%20SCSH.PDF
Committee Amendment http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20AMENDMENTS/Senate/HB1633%20PCS.PDF
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20ENGR/hB/HB1633%20ENGR.PDF
2 Floor Amendment by OSBURN http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLOOR%20AMENDMENTS/House/HB1633%20FA2%20OSBURNMI-CC.PDF
1 Floor Amendment by STAIRES http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLOOR%20AMENDMENTS/House/HB1633%20FA1%20STAIRESCL-MJ.PDF
Fiscal Note/Analysis - House: Floor Amendment 1 http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1633%20FA1%20BILLSUM.PDF
Fiscal Note/Analysis - House: Committee Substitute http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1633%20CS%20BILLSUM.PDF
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/HFLR/HB1633%20HFLR.PDF
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20SUBS/HCS/HB1633%20CS.PDF
Fiscal Note/Analysis - House: Proposed Committee Substitute (ful http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1633%20FULLPCS1%20INT%20BILLSUM.PDF
Fiscal Note/Analysis - House: Proposed Committee Substitute (ful http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1633%20FULLPCS1%20BILLSUM.PDF
HB1633 FULLPCS1 CLAY STAIRES-MJ http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20AMENDMENTS/House/HB1633%20FULLPCS1%20CLAY%20STAIRES-MJ.PDF
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB1633%20INT.PDF
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