Bill > A01935

This bill requires retail establishments, including restaurants and other businesses selling goods or services, to accept cash as a valid form of payment and prohibits them from discriminating against cash buyers by forcing them to use credit/debit cards or electronic payment methods. The bill specifically exempts transactions where the buyer is not physically present in the establishment, such as telephone, mail order, online, or electronic purchases. The superintendent of financial services is granted authority to create regulations and provide exemptions based on various criteria, including the type of establishment, the nature of goods or services, currency denominations, or transaction amounts. Businesses found in violation of this requirement would be subject to a fine of up to $500. The law would take effect 180 days after being signed, and the financial services superintendent can begin preparing implementation regulations immediately. This legislation aims to ensure equal access to goods and services for consumers who prefer or rely on cash payments, addressing potential barriers faced by unbanked or underbanked individuals.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A1935