Update: Payment Choice Act Reintroduced in 2023 to Protect Cash as a Payment Option. In a significant move to safeguard the continued use of cash as a viable and inclusive payment option, the Payment Choice Act was reintroduced in June 2023 by Rep. Donald M. Payne, Jr.
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These legislative measures aim to safeguard cash's significance in modern transactions, promote financial inclusion, and address the evolving needs of diverse ...
Jun 20, 2023 · The text of the Senate bill lays out requirements for businesses to accept bills up to $20 and to prohibit charges for cash payments. It also ...
To prohibit retail businesses from refusing cash payments, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States ...
Jun 15, 2023 · Sens. Cramer, Menendez Introduce Legislation to Prevent Businesses from Refusing Cash Payment ... The bill will ensure customers have the freedom ...
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The BSA authorizes the Department of the Treasury to impose reporting and other requirements on financial institutions and other businesses to help detect and ...
(2) In its mission to safeguard the financial system from the abuses of financial crime, including terrorist financing, money laundering, and other illicit ...
Jan 29, 2024 · Throughout 2023, cities and states across the US advanced laws defending choice in payments, recognising cash as a financial bedrock that ...
The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or ...
May 11, 2021 · Republican lawmakers in Idaho, Mississippi and North Dakota proposed bills that would require shops and restaurants to accept cash, and ...