HRES 341 United States House · 118th Congress

Expressing the sense of the House of Representatives that it is important to maintain cash as a robust and viable payment option.

HRES 341 is a nonbinding resolution expressing the House's support for maintaining cash as a viable payment option. It highlights that 18.6% of U.S. households (nearly 6 million) rely solely on cash due to lack of bank access, privacy concerns, and risks associated with digital payments like data breaches. The resolution cites legal tender status under U.S. Code and Federal Reserve Chair Powell's testimony emphasizing cash's critical role for unbanked and low-income communities. It does not create new laws but urges businesses to accept cash to protect consumer privacy and financial security.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 28, 2023 Last action Apr 28, 2023