Payment Choice Act of 2023
The Payment Choice Act of 2023 requires most retail businesses accepting in-person payments at physical locations to accept cash for transactions up to $500. It prohibits businesses from charging higher prices for cash payments compared to other payment methods. Exceptions include temporary cash system failures, insufficient change, or using a compliant prepaid card device on-site. The bill also temporarily exempts businesses from accepting $50+ bills for five years after enactment and establishes civil penalties for violations, including $250 minimum damages or $500-$1,500 fines.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2023
Committee Review
Floor Vote
President
Introduced Jun 14, 2023
Last action Jun 14, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 14, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jun 14, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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