The proposed bill mandates that cash must be accepted as a form of payment for goods and services sold to consumers, provided that the transaction occurs in person, the seller or their representative is present to accept the cash, and the buyer opts to pay with cash. The bill defines "cash" as physical coin, currency, or notes recognized as legal tender by federal law. Additionally, it stipulates that state and local government entities must also accept cash for any fees or charges imposed on the public under similar conditions.

However, the bill outlines specific exceptions where cash payment is not required. These exceptions include transactions involving financial institutions, sales that necessitate a credit card for security deposits or unforeseen expenses, and payments for goods or services made on an airplane. This legislation aims to ensure that cash remains a viable payment option for consumers while recognizing certain scenarios where alternative payment methods may be necessary.