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CA SB926

Bill

Status

Introduced

2/5/2020

Primary Sponsor

Jerry Hill

Click for details

Origin

Senate

2019-2020 Session

AI Summary

  • Requires retail locations in California to accept cash payments for transactions not exceeding $5,000 involving the sale or lease of goods or services.

  • Defines "cash" as Federal Reserve Notes and metal coins issued by the United States as legal tender, with no requirement to accept bills larger than $20.

  • Exempts online, mail, telephone, and catalog transactions; rental transactions requiring collateral; wholesale clubs with membership-only models; and transactions prohibited by other law.

  • Requires retail locations to make reasonable efforts to have equal numbers of cash-accepting and non-cash points of sale that are equally accessible.

  • Authorizes the Attorney General to enforce the law with civil penalties ranging from $25 to $500, with penalties deposited into the Public Rights Law Enforcement Special Fund; cash acceptance must continue during declared emergencies unless conflicting with State Department of Public Health directives.

Legislative Description

Business: retail locations: cash payments.

Last Action

June 18 hearing: Held in committee and under submission.

6/18/2020

Committee Referrals

Appropriations5/18/2020
Business, Professions and Economic Development2/12/2020
Rules2/5/2020

Full Bill Text

No bill text available