TRANSACTIONS – Amends and adds to existing law to establish provisions regarding programmable money.
Returned from Senate Failed; Filed in the office of the Chief Clerk
Summary
The bill adds a new Consumer Payment Rights and Transparency Act that defines programmable money and sets rules for its issuers. It prohibits forcing users to use programmable money, bans transaction denials based on protected characteristics, and requires issuers to explain denials. Violations can lead to civil lawsuits, fines, jail time, or loss of the issuer’s authorization to do business in Idaho.
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