Payment Choice Act of 2022

12/29/2022, 5:48 PM

Payment Choice Act of 2022

This bill requires retail businesses to accept cash as a form of payment for on-site sales of less than $2,000, and it prohibits them from charging cash-paying customers a higher price compared to customers not paying with cash. Such businesses are those engaged in the business of selling or offering goods or services at retail to the public that accept in-person payments at a physical location.

The bill provides for enforcement through preventative relief and civil penalties.

Congress
117

Number
S - 4497

Introduced on
2022-06-23

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/23/2022

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Payment Choice Act of 2022

This bill requires retail businesses to accept cash as a form of payment for on-site sales of less than $2,000, and it prohibits them from charging cash-paying customers a higher price compared to customers not paying with cash. Such businesses are those engaged in the business of selling or offering goods or services at retail to the public that accept in-person payments at a physical location.

The bill provides for enforcement through preventative relief and civil penalties.

Alternative Names
Official Title as IntroducedA bill to prohibit retail businesses from refusing cash payments, and for other purposes.

Policy Areas
Commerce

Comments

Recent Activity

Latest Summary7/13/2022

Payment Choice Act of 2022

This bill requires retail businesses to accept cash as a form of payment for on-site sales of less than $2,000, and it prohibits them from charging cash-paying customers a higher price com...


Latest Action6/23/2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.