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Payment Choice Act: Cash Accepted at Brick-and-Mortar Businesses

This new law aims to ensure that cash is accepted as a form of payment at most physical retail locations. This means businesses cannot refuse cash for purchases up to $500 and cannot charge higher prices for cash payments. The goal is to protect consumers' right to use cash in their daily transactions.
Key points
Brick-and-mortar businesses must accept cash for purchases up to $500.
They cannot charge higher prices to cash-paying customers.
Exceptions include system failures or temporary lack of change, and the option to provide fee-free cash-to-prepaid card conversion devices.
For 5 years, businesses are not required to accept $50 bills or larger.
Customers can report violations and seek damages or civil penalties.
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Additional Information
Print number: 118_HR_4128
Sponsor: Rep. Payne, Donald M., Jr. [D-NJ-10]
Process start date: 2023-06-14
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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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4128.

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 2023-06-14.

What are the main provisions?

Key points include:

  • Brick-and-mortar businesses must accept cash for purchases up to $500.
  • They cannot charge higher prices to cash-paying customers.
  • Exceptions include system failures or temporary lack of change, and the option to provide fee-free cash-to-prepaid card conversion devices.
  • For 5 years, businesses are not required to accept $50 bills or larger.
  • Customers can report violations and seek damages or civil penalties.
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: ASSUMING FIRST SPONSORSHIP - Mr. Rose asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4128, a bill originally introduced by Representative Payne, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law