The H.R. 9632 bill, also known as the "Capital Access for Small Businesses Harmonization Act" or the "CASH Act," requires entities entering factoring facility agreements with small businesses to clearly disclose key information about the agreements before they are finalized....
Simple Explanation
The CASH Act is a rule that helps small businesses understand money deals called "factoring agreements" by making sure they get important information about fees and how long the deal lasts before they sign. This rule sets the same standards everywhere so that small businesses know what they're getting into, even though it doesn't mention how to make sure everyone follows the rule.