Payment Choice Act of 2025
- Last Action
- 2/7/2025
Actions
- 2025-02-07Referred to the House Committee on Financial Services.
- 2025-02-07Introduced in House
- 2025-02-07Introduced in House
CRS Summary
As of 2025-02-07 (00)
Payment Choice Act of 2025
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 establishes exceptions for this requirement, including by allowing a business to provide a device to provide prepaid cards on site for customers to use as payment. Among other requirements, such a card must not have a fee associated with its use and must not require a minimum payment of more than $1.
The bill provides for enforcement through preventative relief, damages, and civil penalties.
Cosponsors (20)
- Donald Norcross (D-NJ)
- Sylvia Garcia (D-TX)
- David Kustoff (R-TN)
- Joyce Beatty (D-OH)
- Christopher Smith (R-NJ)
- Glenn Ivey (D-MD)
- Warren Davidson (R-OH)
- Josh Gottheimer (D-NJ)
- Cleo Fields (D-LA)
- John Rutherford (R-FL)
- Marlin Stutzman (R-IN)
- Brad Sherman (D-CA)
- Tim Moore (R-NC)
- Bill Huizenga (R-MI)
- Pete Sessions (R-TX)
- Thomas Kean (R-NJ)
- Andy Barr (R-KY)
- Jefferson Van Drew (R-NJ)
- David Taylor (R-OH)
- Ed Case (D-HI)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.