1. Short title This Act may be cited as the Cash Refunds for Flight Cancellations Act of 2023 . 2. Cash refunds for canceled airline flights and tickets (a) In general Chapter 417 of title 49, United States Code, is amended by adding at the end the following: 41727. Cash refunds for canceled airline flights and tickets (a) Cash refunds (1) Requirement (A) In general Subject to subparagraph (B), a covered carrier or ticket agent who sells a ticket for a passenger to take a covered flight, and either such flight is canceled or significantly delayed (as defined by the Secretary of Transportation) by the covered carrier or such ticket is canceled by the passenger at least 48 hours before the scheduled departure of the flight, shall offer the passenger a full cash refund for such ticket, including any ancillary fees paid, within 30 days of the passenger making the request. (B) Limitation A covered carrier or ticket agent shall only be required to offer a cash refund under subparagraph (A) for 1 flight booked by a passenger on any city-pair itinerary on any given date. (2) Alternative form of compensation (A) In general A covered carrier or ticket agent may offer an alternative form of compensation determined appropriate by the covered carrier or ticket agent, including a credit, a voucher, or other mechanism to compensate a passenger, provided that any such offer includes a clear and conspicuous notice of a passenger’s right to a cash refund under paragraph (1). (B) No expiration date An alternative form of compensation provided pursuant to subparagraph (A) shall remain valid and redeemable by the passenger indefinitely. (3) Retroactive refunds In the case of a passenger who— (A) received an alternative form of compensation during the period beginning on March 1, 2020, and ending on the day prior to the date of enactment of this Act for a covered flight or ticket for a covered flight canceled by the covered carrier or by the passenger