Bill > HR9632

This bill, the Capital Access for Small Businesses Harmonization Act (CASH Act), requires providers of factoring facility agreements to disclose key information to small business concerns before entering into such agreements. The bill defines important terms like "factoring transaction," "factoring facility agreement," and "provider." It mandates disclosure of the difference between the face value of a claim for payment and the amount the provider will pay, any fees, the amount and terms of any reserve, the duration of the agreement, and an example transaction. The bill preempts any state or local requirements that are additional to or inconsistent with these federal disclosure requirements.