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Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option.
1/9/2024, 6:39 PM
Summary of Bill HRES 341
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.
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.
Congressional Summary of HRES 341
This resolution expresses the sense of Congress that it is important to maintain cash as a robust and viable payment option.
Read the Full Bill
Current Status of Bill HRES 341
Bill HRES 341 is currently in the status of Bill Introduced since April 28, 2023. Bill HRES 341 was introduced during Congress 118 and was introduced to the House on April 28, 2023. Bill HRES 341's most recent activity was Referred to the House Committee on Financial Services. as of April 28, 2023
Bipartisan Support of Bill HRES 341
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
52Democrat Cosponsors
44Republican Cosponsors
8Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HRES 341
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HRES 341
Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option.
Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option.
Comments
Sponsors and Cosponsors of HRES 341
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