Law Bans Cash for Second Hand Transactions Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything. But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session. House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it. "We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items. "We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains. Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar." The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill. In yet another instance of "Ready, Fire, Aim!", a Democrat writes a law that has negative impact far beyond any good it might have done. Good job, asshat.