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Senators introduce bill to require cash acceptance


U.S. Senators Kevin Cramer, R-North Dakota and Bob Menendez, D-N.J., Senate Banking Committee members, have introduced the Payment Choice Act, S.4145, a bipartisan bill to prohibit businesses from refusing to accept cash, posting signs that cash is not accepted or charging a higher price for using cash, according to a press release.

"Businesses who prohibit cash payments discriminate against the millions of Americans who do not have bank accounts while forcing customers to exclusively use a less secure form of payment," Cramer said in a press release. "Our legislation protects people's right to choose their preferred currency and ensures the money we print remains usable as legal tender for all debts, just as it says."

Amusement machine operators applauded the action.

"Not only is consumer choice in payment crucial to millions of unbanked Americans, ensuring cash remains a viable payment option is critical to small businesses throughout the country," said Greg Trent, president of the Amusement and Music Operators Association.

The AMOA was among the organizations that created the Consumer Choice in Payment Coalition which sought Senate members to sponsor a bipartisan companion bill to Congressman Donald Payne Jr.'s H.R. 2650 making it illegal to reject dollars and cents as payment for goods and services.


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