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 legal requirement for cash acceptance in retail transactions across the state. This legislative action aims to address concerns regarding the accessibility of cash payments in an increasingly digital economy.