Common Cents Act
Introduced Apr 29, 2025 by Rep. Lisa C. McClain
The House passed it. The Senate has to pass it before it can reach the President.
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.
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.
Summary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jul 15, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 14, 2026The title of the measure was amended. Agreed to without objection.
- Jul 14, 2026Motion to reconsider laid on the table Agreed to without objection.
- Jul 14, 2026On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)
- Jul 14, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jul 14, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
- Jul 14, 2026Considered under suspension of the rules. (consideration: CR H4432-4438)
- Jul 14, 2026Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Sep 4, 2025Placed on the Union Calendar, Calendar No. 192.
- Sep 4, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
- Jul 23, 2025Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
- Jul 23, 2025Committee Consideration and Mark-up Session Held
- Jul 22, 2025Committee Consideration and Mark-up Session Held
- Apr 29, 2025Referred to the House Committee on Financial Services.
- Apr 29, 2025Introduced in House