Connecticut House Bill HB06095

Connecticut 2023 Regular Session

• Introduced: 1/18/23
• Refer: 1/18/23

Caption

An Act Concerning Acceptable Forms Of Payment For Retail Goods And Services.

Impact

By enacting this bill, the state reinforces consumer rights, explicitly preventing retailers from refusing cash as a payment method. This protection is crucial in maintaining financial inclusivity for all consumers, especially in a landscape increasingly leaning toward cashless transactions. The implications extend to various sectors, emphasizing the importance of accommodating diverse payment preferences in retail strategies.

Summary

House Bill 06095 aims to establish legal requirements for retailers regarding acceptable forms of payment. Specifically, the bill mandates that all retail sellers must accept cash payments from consumers, thereby ensuring that cash remains a viable option for purchasing goods and services. This legislation addresses growing concerns around the diminishing acceptance of cash in retail environments, which could disproportionately affect low-income individuals and those without access to digital payment methods.

Contention

While the bill has significant support from consumer advocacy groups that promote financial rights and accessibility, it has also faced opposition from businesses arguing that cash payments can complicate transaction processes and increase risks related to theft. Some legislators express concerns that enforcing cash acceptance could hinder the modernization of payment systems, impacting efficiency and technological advancements in retail operations.