Retail stores would be required to accept cash payments

What does this do?

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.

Who does it affect?

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.

Why does it matter?

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.

What does it cost, and who pays?

• Sue cash refuser: min $250 damages
• 1st violation: up to $500 fine
• Repeat violations: up to $1,500