Payment Choice Act of 2025
The Payment Choice Act of 2025 requires retail businesses accepting in-person payments to accept cash for transactions up to $500 per sale and prohibits charging cash users higher prices than card users. Exceptions include temporary system failures, insufficient cash for change, or using a compliant prepaid card device that meets strict conditions (no fees, no personal data collection, and no expiration). Consumers can demand corrections within 45 days before filing lawsuits for violations, with penalties up to $1,500 for repeat offenses. The law does not override stricter state cash-access laws and mandates annual reports on ATM locations by financial regulators.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2025
Committee Review
Floor Vote
President
Introduced Jul 17, 2025
Last action Jul 17, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 17, 2025
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jul 17, 2025
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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