More States Considers Cash Legislation

Florida, Wisconsin and Vermont are the latest states to consider introducing legislation to force cash acceptance.

In Florida, a bipartisan bill is underway that, if passed, will require businesses to accept cash with no added fees or conditions. The legislation would apply to in-person businesses, and except those which operate online, by phone or mail, and those offering services such as accountants, attorneys and financial advisors.

A bipartisan bill is also under consideration in the Wisconsin legislature. Introduced in late 2023, it would prevent establishments from refusing cash for any in-person transaction of less than $2,000.

Meanwhile in Vermont, a Senate bill proposes that businesses will need to accept cash for transactions under $1,000. If passed, it will come into effect at the start of July. Discussions about whether the bill is needed or not have included reference to the increasing frequency of natural weather events due to climate change.