US Senator John Fetterman wants to make it illegal for brick companies to refuse cash payments.
Democrat Pennsylvania with Senator Kevin Cramer (R., ND), He introduced “Act on the selection of payments from 2025” last week. The Act would require any personal activity in a physical location to accept cash of up to USD 500 per transaction.
Shops would also be excluded from downloading higher price customers than people who do not pay in cash.
“It’s simple: if you’re open to business in America, you should take American dollars” – Fetterman said in a press release. “We have millions of people in this country who do not have access to bank accounts, and must be able to go shopping with hard -earned dollars.”
Proponents of the Act claim that it protects low -income Americans from discrimination.
“While most American households have access to financial services, 4.5% Among the American households, they do not have a check or savings account, “said the message.” People without access to financial services are more likely to have lower income, less education or will be a member of a group of racial or ethnic minority. “
. Bill is an exception to companies This provides customers with a “device that transforms cash into pre -paid cards.” Temporarily releases companies missing cash to introduce a change or experience system failure, which prevents the processing of cash payments.
For a five -year period after the adoption of the Act, companies will not be required to accept payments in denominations of USD 50 or larger.
In 2019, Philadelphia became the first huge American city that prohibits non -cash companies, with a regulation prohibiting most retail locations, refusing to pay cash or downloading additional fee charging cash. Some companies, such as parking lots and garages, wholesale clubs and rented companies, were exempt from this requirement.
