Bill 118 HRES 341, also known as the "Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option," is a resolution that emphasizes the importance of keeping cash as a widely accepted form of payment in the United States.
The resolution highlights the fact that cash is still a preferred method of payment for many Americans, particularly those who are unbanked or underbanked. It acknowledges that cash provides a level of privacy and security that other forms of payment, such as credit cards or digital transactions, may not offer.
Furthermore, the resolution recognizes that cash is essential for small businesses, as many rely on cash transactions to operate efficiently. It also points out that cash is crucial during emergencies or natural disasters when electronic payment systems may be unavailable.
Overall, Bill 118 HRES 341 stresses the importance of maintaining cash as a viable payment option alongside other forms of payment. It encourages businesses, financial institutions, and government agencies to continue accepting cash and to ensure that individuals have access to cash when needed.