The bill, introduced by Representative Thomas and co-sponsored by Representative Pizzulli, aims to enact new sections of the Revised Code that mandate governmental entities and private sellers to accept cash as a form of payment under specific conditions. According to the proposed legislation, governmental entities must accept cash for any transaction totaling five hundred dollars or less and cannot charge cash-paying customers a higher price than those using other payment methods. Additionally, private sellers engaged in retail transactions are required to accept cash for similar amounts and must provide at least one point-of-sale station for cash payments.

The bill also specifies that the cash acceptance requirements do not apply to sales at airports and establishes that violations of these provisions are considered unfair or deceptive practices. Individuals harmed by such violations would have the right to seek legal recourse, similar to consumer protections outlined in existing law. The Attorney General would have the authority to enforce these new cash acceptance regulations, ensuring compliance and protecting consumer rights.