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119th Congress

H.R. 1138

Payment Choice Act of 2025

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
John W. Rose(R-TN)
Introduced
Feb 7, 2025
Policy area
Finance and Financial Sector
Committees
House Committee on Financial Services
Official text
Introduced in House · Congress.gov page

Cosponsors (25)

Original cosponsors (8)

Added later (17)

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

Payment Choice Act of 2025 This bill requires retail businesses to accept cash as a form of payment for on-site sales of $500 or less and it prohibits them from charging cash-paying customers a higher price compared to customers not paying with cash. Businesses covered by this bill are those engaged in the business of selling or offering goods or services at retail to the public that accept in-person payments at a physical location. The bill establishes exceptions for this requirement, including by allowing a business to provide a device to provide prepaid cards on site for customers to use as payment. Among other requirements, such a card must not have a fee associated with its use and must not require a minimum payment of more than $1. The bill provides for enforcement through preventative relief, damages, and civil penalties.

Roll-call votes

No recorded votes on this bill.

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