On the recordJune 15, 2022
I really appreciate the gentleman's wonderful summary of my bill up until the point where he raised the issue around preferential businesses, such as ATMs. There is no preferential treatment for any industry in this bill. All retail transactions are treated the same. As the gentleman speaks on businesses being able to charge a higher price, I don't know about North Carolina, but in New Jersey, when I go to the gas station, there is a higher price charged for credit, not cash. So I think he kind of had that in reverse. Mr. Speaker, this is an opportunity for 55 million Americans who don't have banking accounts or are underbanked, to continue to be a part of this economy. There is a population in this country, believe it or not, who would rather not be in the banking system. {time} 1415 I am just trying to protect the underserved and the underbanked. I don't know the makeup of the gentleman's district in North Carolina, although I think his attire is splendid with the bowtie. But back in his district, I don't know if they are affluent or not. I have some of the poorest Americans in my district, and they are reaching out to me saying: What do I do? What happens to the grandmother who lives in a two-flight walkup and the store that she uses is on the first floor? Mr. Speaker, now, this business decides that they are not going to accept her cash anymore.…
