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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 28, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Apr 28, 2023
Introduced
Introduced in House
lower
1 primary · 26 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John W. Rose
RRepublican
Co
Alexander X. Mooney
RRepublican
Co
André Carson
DDemocratic
Co
Barbara Lee
DDemocratic
Co
Bill Posey
RRepublican
Co
Bonnie Watson Coleman
DDemocratic
Co
Cori Bush
DDemocratic
Co
Danny K. Davis
DDemocratic
Co
Darren Soto
DDemocratic
Co
Donald M. Payne, Jr.
DDemocratic
Co
Donald Norcross
DDemocratic
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