National Restaurant Association Applauds House Passage of Federal Rounding Legislation
· Texas Border Business
The National Restaurant Association praised the House's approval of the Common Cents Act, which supports restaurant operators facing the penny's phase-out. This legislation allows for rounding cash transactions and offers protections for business owners, simplifying transactions and reducing confusion at the point of sale. The bill now heads to the Senate, where the Association is advocating for its quick passage. Sean Kennedy, the Association's Chief Advocacy Officer, emphasized the need for clarity in managing the penny's discontinuation. With 25% of restaurant transactions made in cash, this legislation aims to ease the challenges faced by the industry.
AI summary · Source: Texas Border Business →
