Tennessee House Bill HB2798

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/24
• Refer: 2/5/24
• Failed: 3/5/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 9 and Title 47, Chapter 18, relative to payments by consumers.

Impact

The bill applies primarily to retailers employing at least six employees and focuses on in-person transactions. Any violation of this provision would be considered an unfair or deceptive act under Tennessee law, subject to penalties as outlined in related statutes. This change in legislation reflects a growing concern for consumer protection and the accessibility of payment options, particularly for individuals who prefer cash transactions over credit, due to financial constraints or personal preference.

Summary

House Bill 2798 aims to amend the Tennessee Code Annotated by enhancing consumer rights related to payment methods at retail establishments. Specifically, it prohibits retailers from mandating credit card payments or banning cash transactions for the purchase of goods or services. This legislative move is intended to ensure that consumers have the right to choose their method of payment, thereby promoting fair practices in retail sales. It is set to impact a wide range of retail businesses across Tennessee, requiring them to comply with this new regulation.

Contention

Notable points of contention regarding HB2798 may arise from the perspectives of retailers and consumer advocacy groups. Retailers may argue that mandating the acceptance of cash could pose operational burdens, potentially complicating transactions and affecting efficiency in payment processing. Conversely, advocates for consumer rights may support the bill vehemently, viewing it as a necessary safeguard that acknowledges and respects consumers' financial autonomy and diverse payment preferences. This legislation could spark debates on the balance between business operations and consumer rights in Tennessee's evolving retail landscape.