Senate passes Common Cents Act to end penny production and round cash totals

Common Cents Act·Latest event August 12, 2026

19 hours ago

Senate passes Common Cents Act to end penny production and round cash totals

The August 10 vote in the Senate moves the United States closer to a cash system without the one-cent coin. Senate legislation directs the Treasury to stop minting pennies for general circulation within one year. This follows a similar House vote in July to establish a rounding system for cash transactions to the nearest nickel. While the bills aim to reduce government costs, retailers face implementation challenges due to the lack of a uniform national framework. Existing pennies would remain legal tender, but the Treasury would only produce new coins for collectors at a premium price.

S. 1525Currency: Ending the Penny and Rounding Cash Payments H.R. 3074Currency: Stopping Penny Production and Rounding Cash SalesWhat The Common Cents Act Means For Retail

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H.R. 3074 and S. 1525 are companion bills. The two versions must be combined into one final bill before the president can sign it into law.

Currency: Stopping Penny Production and Rounding Cash Sales

H.R. 3074

Currency: Ending the Penny and Rounding Cash Payments

S. 1525

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What The Common Cents Act Means For Retail

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