summary
Introduced
01/16/2025
01/16/2025
In Committee
01/16/2025
01/16/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending the act of December 17, 1968 (P.L.1224, No.387), entitled "An act prohibiting unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce, giving the Attorney General and District Attorneys certain powers and duties and providing penalties," further providing for definitions.
AI Summary
This bill amends the Unfair Trade Practices and Consumer Protection Law to add a new provision addressing cash payments for retail transactions. Specifically, the bill makes it an unfair trade practice for a business to refuse cash payment for goods or services priced under $500 when the customer is physically present at the point of sale. However, the bill includes an exception for businesses that have a clearly posted written policy specifying limits on cash denominations that can be used for payment. The new provision aims to protect consumers' ability to use cash as a form of payment for lower-priced transactions, while still allowing businesses some flexibility in managing cash payments. The bill will go into effect 60 days after its enactment, giving businesses time to adjust their payment policies and practices to comply with the new requirement.
Committee Categories
Business and Industry
Sponsors (8)
Russ Diamond (R)*,
Joe D'Orsie (R),
Keith Greiner (R),
Charity Grimm Krupa (R),
Lee James (R),
Rob Kauffman (R),
Robert Leadbeter (R),
Milou Mackenzie (R),
Last Action
Referred to Commerce (on 01/16/2025)
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