Cash Is King: Bipartisan Bill Seeks to Preserve Cash Payment Rights
UNITED STATES, JUL 21 – The Payment Choice Act aims to protect 4.5% of U.S. households without bank accounts by requiring businesses to accept cash payments up to $500 and banning extra fees for cash use.
- On July 17, 2025, Senators John Fetterman and Kevin Cramer introduced the Payment Choice Act in Washington, D.C., requiring brick-and-mortar retailers to accept cash up to $500 per transaction and banning surcharges.
- Facing growing cash-free policies, the bill aims to protect unbanked households and the 20% of U.S. payments made with cash, countering digital payment trends.
- Under the bill, businesses must accept cash with exceptions for technical failures and cash-to-prepaid-device conversions, and fines could reach up to $1,500, while large bills may be temporarily refused.
- Senator John Fetterman declared, `It’s simple: if you’re open for business in America, you should take U.S. dollars,` while advocating for cash access to protect consumer choice, adding support from industry leaders.
- In several jurisdictions, the bill underscores a broader debate over consumer rights and notes that Washington, D.C., and states like Oregon, New Jersey and Massachusetts have enacted cash-acceptance measures.
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In a new break with the policies that Democratic leaders have been defending, Senator John Fetterman presented with his Republican colleague Kevin Cramer a bipartisan bill that defends the survival of cash against the advance of digital payments. For Pennsylvania's legislator, this is a necessary measure for "Millions of people in this country have no access to bank accounts and must be able to buy with the money they made so hard."Read more]]>
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Cash is king: bipartisan bill seeks to preserve cash payment rights
A bipartisan pair of U.S. senators is working to ensure that Americans can continue to use cash as a payment method at brick-and-mortar businesses. Sen. John Fetterman, D-Penn., and Sen. Kevin Cramer, R-N.D., have introduced the Payment Choice Act, a bill that would prohibit businesses from refusing cash payments up to $500. The legislation would guarantee consumers the right to pay with paper currency, even at establishments that claim to only …


Fetterman pushes bipartisan bill to prevent businesses from going cashless
Sen. John Fetterman (D-PA) engaged in a bipartisan push to prohibit companies from eliminating cash payments, arguing that a cashless society harms “millions” who do not have bank accounts. Fetterman joined Sen. Kevin Cramer (R-ND) in introducing the Payment Choice…
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