Bill > HR4128

This bill, the Payment Choice Act of 2023, aims to ensure that U.S. currency is treated as legal tender and must be accepted as payment for goods and services at brick-and-mortar businesses throughout the United States. The key provisions of the bill include: 1. Requiring retail businesses that accept in-person payments to accept cash payments up to $500 per transaction, and prohibiting them from charging higher prices for cash-paying customers. 2. Providing exceptions for businesses that are temporarily unable to accept cash due to system failures or insufficient cash on hand, and for businesses that offer on-site cash-to-prepaid card conversion devices. 3. Granting the Secretary of the Treasury the authority to issue rules on the bill's implementation, including any additional exceptions. 4. Establishing civil penalties and a process for consumers to seek preventative relief and damages if a business violates the law. 5. Clarifying that the federal law does not preempt any state, local, or tribal laws that provide greater protections for consumers. The overall goal of the bill is to preserve the use of cash as a payment option and ensure that consumers have the right to use cash at retail businesses that accept in-person payments.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/4128/all-info