118th Congress · SENATE BILLBILL

S. 1984 — Payment Choice Act of 2023

“A bill to ensure that United States currency is treated as legal tender to be accepted as payment for purchases of goods and services at brick-and-mortar businesses throughout the United States, and for other purposes.”

Finance and financial sector

Introduced Jun 14, 2023

Last action Jun 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 14, 2023

Step 2

Referred

Jun 14, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires retail businesses to accept cash as a form of payment for on-site sales of $500 or less, and it prohibits them from charging cash-paying customers a higher price compared to customers not paying with cash. Businesses covered by this bill are those engaged in the business of selling or offering goods or services at retail to the public that accept in-person payments at a physical location. The bill provides for enforcement through preventative relief, damages, and civil penalties.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Jun 14, 2023

Introduced in Senate

Jun 14, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.