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H.R. 3074119th CongressPassed one chamberLatest action Jul 15, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The Common Cents Act would stop new penny production and round cash purchases to the nearest five cents.
40-second read · 4 questions answered below
The Common Cents Act would direct the Treasury to stop making new pennies within one year of passage, though existing pennies would remain legal tender. Cash transactions would be rounded to the nearest five cents using set rounding rules, while card, check, and electronic payments would be unaffected. The Treasury could still produce limited collector pennies if sales cover production costs.
Cash-based businesses like retail stores, restaurants, and vending machine operators would need to adjust pricing and payment practices, as would employers who pay wages in cash. Consumers using credit cards, debit cards, or digital payments would see no change.
The change is intended to reduce coin production costs, since pennies currently cost more to make than their face value.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House and now goes to the Senate. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Coverage of this bill from across the press — each outlet's political lean labeled where AllSides has rated it, and marked "Not rated" where it hasn't.
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theshelbyreport.com
Not rated
time.com
Leans left
cbsnews.com
Leans left
newser.com
Not rated
finance.yahoo.com
Not rated
Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.