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Payment Choice Act of 2022

12/29/2022, 5:48 PM

Congressional Summary of S 4497

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.

Read the Full Bill

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Current Status of Bill S 4497

Bill S 4497 is currently in the status of Bill Introduced since June 23, 2022. Bill S 4497 was introduced during Congress 117 and was introduced to the Senate on June 23, 2022.  Bill S 4497's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 23, 2022

Bipartisan Support of Bill S 4497

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4497

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 4497

Payment Choice Act of 2022
Payment Choice Act of 2022
A bill to prohibit retail businesses from refusing cash payments, and for other purposes.

Comments

Sponsors and Cosponsors of S 4497

Robert Menendez
Robert Menendez
New JerseyDemocrat
Kevin Cramer
Kevin Cramer
North DakotaRepublican

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