- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- May 7, 2025
What it does
The CASH Act would require providers of factoring facility agreements to disclose key terms to small business concerns before entering such agreements, but only when the total authorized amount of factoring transactions under the agreement is less than $500,000 or reasonably expected to be below that threshold. The required disclosures must include the discount rate or fee structure, any applicable fees, reserve terms, agreement duration, and a sample transaction using a $10,000 claim to illustrate net proceeds. The bill also preempts state or local laws that impose additional or conflicting disclosure requirements on providers regarding factoring transactions with small businesses.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
While a bill can still move, the questions are about people and money.