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Payment Choice Act: Stores Must Accept Cash

This new law aims to ensure that physical retail businesses accepting in-person payments must accept cash for purchases under $2,000. This means they cannot refuse cash payments or charge cash-paying customers higher prices. The act seeks to protect consumers' right to use cash in daily transactions.
Key points
Retail businesses must accept cash for sales under $2,000 at physical locations.
Cash-paying customers cannot be charged higher prices than those using other payment methods.
Exceptions include temporary system failures, lack of change, or providing fee-free cash-to-prepaid card conversion devices.
For 5 years, businesses are not required to accept $100 bills or larger, with future rules to be determined.
Violations can lead to fines and liability for actual damages.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4395
Sponsor: Rep. Payne, Donald M., Jr. [D-NJ-10]
Process start date: 2021-07-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Payment Choice Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4395.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-09.

What are the main provisions?

Key points include:

  • Retail businesses must accept cash for sales under $2,000 at physical locations.
  • Cash-paying customers cannot be charged higher prices than those using other payment methods.
  • Exceptions include temporary system failures, lack of change, or providing fee-free cash-to-prepaid card conversion devices.
  • For 5 years, businesses are not required to accept $100 bills or larger, with future rules to be determined.
  • Violations can lead to fines and liability for actual damages.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Payne, Donald M., Jr. [D-NJ-10].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 32 - 17.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law