The bill H. 3301 proposes an amendment to the South Carolina Code of Laws by adding Article 17 to Chapter 1, Title 1. This new article mandates that all establishments holding a retail license in South Carolina must accept cash payments for transactions. The intent of the bill is to ensure that cash remains a viable payment option for consumers in retail settings.

The bill will take effect upon approval by the Governor, reinforcing the importance of cash transactions in the retail industry and addressing potential concerns regarding accessibility for individuals who may not have access to electronic payment methods.