Summary
A new bill called the "Payment Choice Act of 2025" has been proposed in Congress. The bill would require stores in the United States to accept cash as payment. The bill has bipartisan support and aims to ensure that people without bank accounts can still make purchases.
Key Facts
- The "Payment Choice Act of 2025" was introduced in Congress to make stores accept cash.
- The bill is supported by 17 cosponsors, including members from both major political parties.
- Representative John Rose from Tennessee introduced the bill.
- The bill ensures that U.S. currency must be accepted for in-store purchases up to $500.
- It prohibits charging more for cash payments compared to other methods.
- Exceptions exist for temporary sale system failures and when stores offer cash conversion to prepaid cards.
- A similar bill has been proposed in the Senate.
- Some states like Colorado and New Jersey already have cash acceptance laws in place.
