Connecticut House Bill HB05703

Connecticut 2019 Regular Session

• Introduced: 1/22/19
• Refer: 1/22/19
• Refer: 3/19/19
• Report Pass: 3/21/19
• Refer: 4/1/19
• Report Pass: 4/8/19
• Engrossed: 5/16/19
• Report Pass: 5/20/19

Caption

An Act Concerning Acceptable Forms Of Currency As Payment In Local Businesses.

Impact

If enacted, HB 5703 would impact the operations of local businesses in Connecticut by mandating acceptance of cash as a form of payment, which may require adjustments in how businesses handle transactions. The bill aims to address concerns related to exclusionary practices that could arise from an increasing reliance on digital payments, ensuring that individuals who prefer or rely on cash for their purchases are not discriminated against. Moreover, it provides a framework for the Commissioner of Consumer Protection to implement regulations related to this matter, reinforcing consumer rights in the process.

Summary

House Bill 5703, titled 'An Act Concerning Acceptable Forms Of Currency As Payment In Local Businesses', aims to ensure that cash remains an acceptable form of payment for goods and services at retail establishments across the state of Connecticut. The bill prohibits retailers from refusing cash payments, displaying signs that declare cash is not accepted, and charging different prices based on the payment method. This regulation is intended to protect consumers and ensure that cash remains a viable option for transactions, particularly for individuals who may not have access to electronic payment methods.

Sentiment

The sentiment surrounding HB 5703 appears supportive among those advocating for consumer rights and accessibility. Proponents argue that the bill protects vulnerable populations who may be adversely affected by a transition away from cash payments. On the other hand, concerns could arise from business owners regarding the potential burden of compliance and operational challenges this might impose, particularly in terms of handling cash securely and efficiently.

Contention

Across the legislative discussions surrounding HB 5703, notable points of contention include the balance between regulatory oversight and business autonomy. While supporters highlight the importance of ensuring consumer protection and equitable access to payment methods, skeptics raise issues related to the practicality of enforcing such legislation. There is also a broader conversation regarding how cash reliance fits into the rapidly evolving payment landscape, which increasingly favors digital transactions.