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| Sens. John Fetterman, D-Pa., and Kevin Cramer, R-N.D., introduced bill to require in-person businesses to accept cash payments from customers. |
| 2025-07-24 |
| [FoxNBusinessNews] Sens. John Fetterman, D-Pa., and Kevin Cramer, R-N.D., have introduced a bill that would generally require those conducting in-person business to accept cash as payment from customers. "Any person engaged in the business of selling or offering goods or services at retail to the public who accepts in-person payments at a physical location … shall accept cash as a form of payment for sales made at such physical location in amounts up to and including $500 per transaction," the measure stipulates, in part. The proposal provides an exception if there is "a device that converts cash into prepaid cards" without any fee. It also allows exceptions if a person cannot accept cash payment due to "a sale system failure" or because they temporarily do not have enough cash available to provide change. "It’s simple: if you’re open for business in America, you should take U.S. dollars," Fetterman said, according to press releases. "I’m proud to introduce the bipartisan Payment Choice Act with Senator Cramer because every American should be able to use paper currency if they choose. We have millions of people in this country who don’t have access to bank accounts, and they must be able to go shopping with their hard-earned dollars." Businesses would not be required to accept large bill denominations. The proposal declares that "for the 5-year period beginning on the date of enactment of this section, this section shall not require a person to accept cash payments in $50 bills or any larger bill." "The Secretary shall issue a rule on the date that is 5 years after the date of the enactment of this section with respect to any bill denominations a person is not required to accept," the text of the measure reads. "When issuing a rule under subparagraph (A), the Secretary shall require persons to accept $1, $5, $10 and $20 bills." |
| Posted by:NoMoreBS |
| #8 Based. I just looked at my dollar - it still says this note is legal tender for all debts public and private. I read an article by a Gen Z Mother the other day who had concerns that her 'adult' daughter who was leaving for college was too immature and or lazy to carry a house key. I had a house key and lunch money by time I was eight. An observation that I noticed is that some of the younger gens simply cannot count cash. They are horrible at it. It looks so challenging for half of them I want to count it myself. |
| Posted by: mossomo 2025-07-24 13:56 |
| #7 Please leather Cadillacs, don't let me down. |
| Posted by: Besoeker 2025-07-24 11:41 |
| #6 And for EVs, a long term power outage would be eve worse. |
| Posted by: Rambler 2025-07-24 10:41 |
| #5 ^ And keep a quarter to a third tank full of gas in the car. Stations can't fuel you up in an outage |
| Posted by: Frank G 2025-07-24 10:21 |
| #4 I try to keep enough cash on hand for the next trip to the grocery store as a matter of principle. Power outages due to interesting weather tend not to be county-wide, so as long as we can drive there, we can get something to eat for the duration. |
| Posted by: trailing wife 2025-07-24 10:04 |
| #3 Germans have already figured it out and are returning to cash. Blackouts, brownouts, and natural disasters (not to exclude drunks taking out powerlines) kill any means of transactions. Those transformers you see on poles are not stocked very deep and a good size disaster will spell weeks of no electricity. Best to have a couple hundred in small bills tucked away in the house in case of emergencies. Merchants can enlist old people who can actually do math to transcribe transactions. |
| Posted by: Procopius2k 2025-07-24 07:29 |
| #2 On the flip side, if DC does not get its act together and cease deficit spending and address paying down the nation debt. Remember how Venezuela used Wheelbarrows |
| Posted by: NN2N1 2025-07-24 05:52 |
| #1 Cash notes and coins are too much fucking trouble. Keeping a cash box is stupid in this day and age. in China they already quit using them years ago and they're doing fine. It eliminated counterfeiting, pickpockets and beggars at the same time. All of these societal ills depend on paper money and coins. |
| Posted by: Jairong+Scourge+of+the+Gepids2435 2025-07-24 02:44 |