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Protecting Cash: Ensuring a Viable Payment Option for All Citizens

This House of Representatives resolution emphasizes the importance of maintaining cash as a widespread and accessible form of payment. It aims to protect citizens' financial privacy and ensure that individuals without access to digital banking can still freely make purchases and pay for services.
Key points
Cash remains legal tender for all debts and charges, as stated on banknotes.
Many businesses refuse cash, creating issues for those valuing privacy or lacking bank accounts.
Approximately 1 in 5 U.S. households lack regular access to non-cash payment methods, particularly affecting lower-income groups.
Maintaining cash helps protect against identity theft and fraud risks associated with digital data.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HRES_341
Sponsor: Rep. Rose, John W. [R-TN-6]
Process start date: 2023-04-28
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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

Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HRES_341.

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 2023-04-28.

What are the main provisions?

Key points include:

  • Cash remains legal tender for all debts and charges, as stated on banknotes.
  • Many businesses refuse cash, creating issues for those valuing privacy or lacking bank accounts.
  • Approximately 1 in 5 U.S. households lack regular access to non-cash payment methods, particularly affecting lower-income groups.
  • Maintaining cash helps protect against identity theft and fraud risks associated with digital data.
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. Rose, John W. [R-TN-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Courts and Law