Cash Always Should be Honored Act

Bill: 116-hr-2630
Sponsor: full_name: Rep. Cicilline, David N. [D-RI-1]
Introduced: 2019-05-09
Policy area: Commerce
Subjects: Administrative remedies

Consumer affairs

Currency

Federal Trade Commission (FTC)

Retail and wholesale trades

Telephone and wireless communication
Latest action: action_date: 2019-05-10
text: Referred to the Subcommittee on Consumer Protection and Commerce.

Summaries:
action_date: 2019-05-09
action_desc: Introduced in House
text: <p><b>CASH Act or the Cash Always Should be Honored Act</b></p> <p>This bill makes it unlawful for a physical retail establishment to refuse to accept any U.S. coin or currency for the products or services it offers for sale. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2630 IN THE HOUSE OF REPRESENTATIVES May 9, 2019 Mr. Cicilline (for himself, Ms. Clarke of New York , Mr. Cummings , Mr. Thompson of Mississippi , Mr. McGovern , Ms. Omar , Ms. Pressley , Ms. Schakowsky , Mr. Veasey , and Mrs. Watson Coleman ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To make it unlawful for any physical retail establishment to refuse to accept cash as payment, and for other purposes.

1. Short title This Act may be cited to as the CASH Act or the Cash Always Should be Honored Act . 2. Required acceptance of legal tender (a) In general It shall be unlawful for any physical retail establishment to refuse to accept legal tender as payment for any products or services offered for sale by such physical retail establishment. (b) Online transactions For any physical retail establishment that also offers products and services for sale through an internet-based platform, subsection (a) shall not apply to a transaction conducted through such platform if the individual making a payment in such transaction is not physically present in the physical retail establishment at the time of the transaction. (c) Telephone transactions For any physical retail establishment that also offers products and services for sale by way of the telephone, subsection (a) shall not apply to a transaction conducted by way of the telephone if the individual making a payment in such transaction is not physically present in the physical retail establishment at the time of the transaction. (d) Enforcement by Federal Trade Commission (1) Unfair or deceptive acts or practices A violation of subsection (a) shall be treated as a violation of a regulation under section 18(a)(1)(B) of the Federal Trade Commission Act ( 15 U.S.C. 57a(a)(1)(B) ) regarding unfair or deceptive acts or practices. (2) Powers of Commission The Federal Trade Commission shall enforce subsection (a) in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act ( 15 U.S.C. 41 et seq.) were incorporated into and made a part of this section. Any person who violates this section shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act. (3) Rulemaking The Federal Trade Commission may promulgate regulations under section 553 of title 5, United States Code, to implement this section. (e) Definitions For the purposes of this section: (1) Legal tender The term legal tender means any United States coin or currency. (2) Physical retail establishment The term physical retail establishment means any physical establishment where goods or services are offered for sale and sold to individuals who are physically present in such physical establishment.