Velázquez Drops Bill to Require Cash Transactions at MTA, Public Transit Agencies Across the Country
Washington, DC –Rep. Nydia M. Velázquez (D-NY) has announced the Preserving Cash for Transit Access Act, a bill that would require transit agencies like the Metropolitan Transportation Authority (MTA), to accept cash payments at each station.
Velázquez's bill comes on the heels of the MTA's announcement that it will no longer accept cash payments at subway booths. Under this bill, public transportation agencies that receive federal funding, such as the MTA, must comply with accepting cash transactions as a condition of their funding. The bill would also require booths to be staffed with workers who will accept cash payments.
“The MTA’s decision to end cash payments and prohibit booth workers from accepting cash is out of touch with the reality that 1 in 9 New Yorkers do not have a checking or savings bank account," said Velázquez. "By failing to accept cash, our public transportation systems are not truly public and will make it harder for New Yorkers to traverse the City. That’s why my bill, the Preserving Cash for Transit Access Act of 2021, will require that transit agencies like the MTA, as a condition of receiving federal funding, must accept cash transactions."
The full text of the bill can be found here.