United StatesCommon Cents Act
What it does
This bill generally ends the production of the penny and requires rounding to the nearest amount divisible by five for the payment or transfer of cash.
More detail
The Department of the Treasury must stop producing the penny, except to meet collector needs. The penny shall continue to be legal tender.
Any person selling goods or services in a cash transaction, entering into other transfers of cash, or paying cash wages to an employee must round the payment up or down in accordance with the bill.
The bill takes effect one year after the date of enactment.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 15Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
- Jul 14Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Jul 14Considered under suspension of the rules. (consideration: CR H4432-4438)
- Jul 14DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
- Jul 14Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)Passed House
- Jul 14Motion to reconsider laid on the table Agreed to without objection.
- Jul 14The title of the measure was amended. Agreed to without objection.
- 2025
- Sep 4Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
- Sep 4Placed on the Union Calendar, Calendar No. 192.
- Jul 23Committee Consideration and Mark-up Session Held
- Jul 23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
- Jul 22Committee Consideration and Mark-up Session Held
- Apr 29Introduced in House
- Apr 29Referred to the House Committee on Financial Services.Introduced