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S. 2326119th CongressIn committeeLatest action Jul 17, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The Payment Choice Act would require most in-person retailers to accept cash for purchases up to $500 and bar cash surcharges.
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The Payment Choice Act of 2025 would require most physical, in-person retail businesses to accept cash for purchases up to $500 and would ban charging cash customers more than card or other payment customers. Exceptions apply for temporary system failures, lack of change, or businesses offering free cash-to-prepaid-card machines that don't collect personal data. For five years, businesses wouldn't have to accept $50 or $100 bills, though $1, $5, $10, and $20 bills would always be required.
This affects brick-and-mortar retailers, including "cashless" businesses that would need to change policies, and customers who rely on cash, such as lower-income individuals, older adults, or people without bank accounts.
The bill creates a legal process for customers to challenge violations, including notice requirements, potential lawsuits, penalties, and damages, and requires banks and credit unions to report ATM locations annually, increasing regulatory oversight of cash access.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.