Common Cents Act
Introduced Apr 30, 2025 by Sen. Cynthia M. Lummis
The Senate passed it. The House has to pass it before it can reach the President.
This bill ends the production of the penny for general circulation, requires rounding to an amount divisible by five for the payment or transfer of cash, and allows the nickel to be composed of different material.
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 also allows Treasury to discontinue the minting for circulation of any coin if Treasury follows procedures as outlined by the bill, including providing notice and a briefing to Congress.
Read the full summary on Congress.govSummary 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.
- Aug 10, 2026Held at the desk.
- Aug 10, 2026Received in the House.
- Aug 10, 2026Message on Senate action sent to the House.
- Aug 7, 2026Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S4586-4588)
- Aug 7, 2026Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
- Aug 7, 2026Measure laid before Senate by unanimous consent. (consideration: CR S4551)
- Aug 7, 2026Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- Apr 30, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 30, 2025Introduced in Senate