IV 

118TH CONGRESS 

1ST SESSION H. RES. 341 

Expressing the sense of the House of Representatives that it is important 

to maintain cash as a robust and viable payment option. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 28, 2023 

Mr. ROSE (for himself, Mr. PAYNE, Mr. DAVIDSON, Mr. JOHNSON of Georgia, 

Mr. POSEY, Ms. CLARKE of New York, Mr. MOONEY, Mr. TORRES of 

New York, Mr. GOTTHEIMER, Mr. CARTER of Louisiana, Mr. SOTO, Mr. 

POCAN, Mrs. WATSON COLEMAN, Ms. SCHAKOWSKY, Ms. TLAIB, Mr. 

CARSON, Mr. DAVIS of Illinois, Ms. GARCIA of Texas, Ms. LEE of California, Ms. BUSH, Mr. NORCROSS, Mr. KHANNA, Mr. MFUME, and Mr. 

GRIJALVA) submitted the following resolution; which was referred to the 

Committee on Financial Services 

RESOLUTION 

Expressing the sense of the House of Representatives that 

it is important to maintain cash as a robust and viable 

payment option. 

Whereas it is declared in section 5103 of title 31, United 

States Code, that ‘‘United States coins and currency . . . 

are legal tender for all debts, public charges, taxes, and 

dues’’; 

Whereas the following legend, accordingly, is inscribed on the 

face of all circulating notes issued by the United States 

Treasury: ‘‘THIS NOTE IS LEGAL TENDER FOR 

ALL DEBTS, PUBLIC AND PRIVATE’’; 


sspencer on DSK30NT082PROD with BILLS
2 

•HRES 341 IH 

Whereas growing numbers of businesses refuse to accept cash 

offered in payment by their customers across the United 

States; 

Whereas being able to pay with cash is of particular importance to those consumers who value their privacy and the 

security of their financial information, and who also prefer to pay with cash because doing so is simple, straightforward, fiscally responsible, and, for those who prefer, 

completely anonymous; 

Whereas requiring customers to exclusively use noncash payment methods needlessly puts at risk their confidential 

personal financial information; 

Whereas the widespread collection, sale, and resale of such 

data and information can expose consumers’ financial information to the risk of data breaches that can result in 

identity theft, fraud, and other wrongful conduct that, 

every year, cause millions of dollars in losses to consumers as well as to retailers, processors, networks, and 

other intermediaries; 

Whereas, according to data published by the Federal Deposit 

Insurance Corporation (FDIC), nearly 1 in 5—18.6 percent—of United States households have no regular access 

to forms of payment other than cash; 

Whereas the FDIC has reported that in 2021, approximately 

5,900,000 households were unbanked; 

Whereas unbanked rates were higher among lower income 

households, less-educated households, Black households, 

Hispanic households, working-age households with a disability, and single-mother households; and 

Whereas Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee on March 


sspencer on DSK30NT082PROD with BILLS
3 

•HRES 341 IH 

8, 2023, that cash is ‘‘absolutely critical because there 

are people who don’t have credit cards’’ and that ‘‘when 

stores are not dealing with people who don’t have credit 

cards, it’s a serious problem’’: Now, therefore, be it 

1 Resolved, That it is the sense of the House of Rep2 resentatives that it is important to maintain cash as a ro3 bust and viable payment option. 

Æ 


sspencer on DSK30NT082PROD with BILLS