Bill Detail
H.R. 3074
Congress: 119
Title
Common Cents Act
Summary
Common Cents Act 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.
Sponsor
Rep. Lisa McClain [R-MI-9]
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Sep 30, 9:24 PM · synced 1d ago
Introduced
2025-04-29
Data source mode: congress-gov
Carried by these fly-ins
1NAMA Fly-In & Advocacy Summit 2026
Jun 10, 2026 – Jun 11, 2026 · The Mayflower Hotel, Washington, DC
Bill Engagement
Common Cents Act 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.
Lobbyists on the case
- American Bankers Association3 filings · 7 lobs
- Brennan Duckett2026 Q1
- Blake Earley2026 Q1
Prepared intelligence brief
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