Summary
Lawmakers in Ohio are considering a bill that would require businesses to accept cash for transactions under $500. The proposed law aims to support people who prefer or need to use cash, despite the trend toward cashless payments.
Key Facts
- A proposed bill called the CASH Act is under consideration in Ohio.
- If passed, businesses must accept cash for transactions under $500.
- The bill was introduced by Republican State Representative David Thomas.
- 14% of Americans used cash for most transactions in 2022, while 41% did not use cash at all, according to Pew Research.
- The CASH Act prohibits charging higher prices for cash payments compared to electronic payments.
- The law would apply to both staffed registers and self-checkout systems.
- The bill is currently awaiting further discussion in the Ohio House General Government Committee.
