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Committee adopts substitute narrowing cash-acceptance requirement to transactions under $200
Summary
The Senate Small Business and Economic Opportunity Committee, during the second hearing on Senate Bill 30, adopted substitute bill 0383-1 to limit the bill's cash-acceptance requirements to transactions under $200 and adjust penalties; proponents testified about impacts on unbanked Ohioans and enforcement by the attorney general.
The Senate Small Business and Economic Opportunity Committee adopted substitute bill 0383-1 during the second hearing on Senate Bill 30, narrowing the measure's cash-acceptance requirement to transactions with a net amount under $200 and tailoring the penalty structure. Committee leadership moved the substitute and, "hearing no objections, the motion is agreed to."
Proponents said the change is a reasonable compromise that protects people who rely on cash while addressing practical concerns from merchants. Sharon Montgomery testified she supports…
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