Mr. Speaker, the current legislation provides flexibility for merchants and consumers. Neither party is required to accept any particular denomination notes.
I understand that some merchants are not accepting $50 and $100 notes because they would bear the loss of course if the bills are counterfeit.
Customers can choose the merchants with whom they want to deal and merchants may lose customers if their practices are unreasonable. I would also note that it would be unfair to require small merchants to accept a large bill for small purchases.
I do want to make it very clear though that one isolated counterfeit operation involving $100--