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Bill

Bill

HB 554

Require government, private sellers to accept cash as payment

136th Legislature (2025-2026) Introduced by Justin Pizzulli and 1 co-sponsor

Ohio bill requiring government and private sellers to accept cash payment in all transactions, addressing financial inclusion but potentially conflicting with business autonomy and operational costs.

Referred to committee
#commerce #consumerfinance #consumerprotection
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Bill Summary · HB 554

Legislative bill overview

HB 554 would mandate that both government agencies and private sellers accept cash as a form of payment for goods and services in Ohio. The bill essentially prohibits "cashless" business models where merchants refuse physical currency. This would apply to all transactions unless specifically exempted by the legislation.

Why is this important

Cash acceptance mandates affect financial inclusion, as unbanked and underbanked populations rely on physical currency. They also touch on property rights questions—whether business owners can set their own payment terms—and have implications for retail operations, fraud prevention, and administrative costs. The debate reflects broader tensions about digital financial systems and accessibility.

Potential points of contention

  • Business autonomy: Requiring private sellers to accept cash may conflict with merchants' right to set operational policies and payment methods
  • Implementation and costs: Businesses would face increased cash handling expenses, security costs, and accounting burdens, particularly for small retailers and digital-first companies
  • Scope clarity: The bill's definition of "private sellers" and applicable exemptions (online retailers, subscription services, etc.) would significantly impact its real-world application and enforceability
  • Financial system modernization: Some argue cash mandates slow transition to more efficient payment systems and fraud-reduction technologies

Compiled from official sources — confirm details with the bill’s official record.

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