Bill > S1984

This bill, the Payment Choice Act of 2023, aims to ensure that United States currency is treated as legal tender and must be accepted as payment for purchases of goods and services at brick-and-mortar businesses throughout the United States. The key provisions of the bill are: 1. Retail businesses that accept in-person payments at a physical location must accept cash as a form of payment for sales up to $500 per transaction and cannot charge cash-paying customers a higher price compared to non-cash paying customers. 2. The bill provides some exceptions, such as when a business cannot accept cash due to a temporary system failure or insufficient cash on hand, or if the business provides customers with a device that converts cash into prepaid cards on the premises without any fees. 3. The bill grants consumers the right to seek preventative relief, including injunctions and civil penalties, against businesses that violate the cash acceptance requirements. 4. The bill also requires the Federal Deposit Insurance Corporation and the National Credit Union Administration to submit annual reports on the geographic distribution of automated teller machines owned by federally insured depository institutions.

Housing and Urban Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/1984/all-info