CASH Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3244 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3244 To require certain entities to clearly disclose to small business concerns key information about factoring facility agreements prior to entering such agreements with such concerns, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 7, 2025 Mr. Lucas introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To require certain entities to clearly disclose to small business concerns key information about factoring facility agreements prior to entering such agreements with such concerns, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Capital Access for Small Businesses Harmonization Act'' or the ``CASH Act''. SEC. 2. DISCLOSURES FOR SMALL BUSINESSES THAT ENTER INTO FACTORING FACILITY AGREEMENTS. (a) In General.--Prior to entering into a factoring facility agreement with a small business concern, the provider for such agreement shall provide to such small business concern a written disclosure of the terms of factoring transactions under such agreement if-- (1) the aggregate dollar amount of factoring transactions authorized under such agreement, including any fees and other charges, is less than $500,000; or (2) such agreement does not specify the aggregate dollar amount of factoring transactions authorized under such agreement, such provider and the small business concern reasonably believe that the aggregate dollar amount of factoring transactions under such agreement, including any fees and other charges, will be less than $500,000. (b) Disclosure Contents.--Each disclosure required