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H.R. 1138119th CongressIn committeeLatest action Feb 7, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 1138 would require most physical stores to accept cash for purchases up to $500 and ban charging cash customers higher prices.
55-second read · 5 questions answered below
This bill would require physical retail stores to accept cash for in-person purchases up to $500. Stores cannot charge cash-paying customers more than customers who pay by card. Stores that offer a free on-site machine converting cash to a no-fee, no-expiration prepaid card that collects no personal information may be exempt from the cash requirement.
This bill applies to physical retail businesses that accept in-person payments. Customers who are turned away for paying with cash would have the right to send a formal notice and, if unresolved within 45 days, to sue the business.
Without this law, some physical stores can legally refuse cash or charge cash customers more, which can affect people who do not use cards or bank accounts. States and localities with stronger cash-acceptance rules would keep their own laws in place.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.