The Common Cents Act, which would end penny production in the United States and implement cash rounding, has passed the House with unanimous bipartisan support.
| PULSE POINTS |
❓ WHAT HAPPENED: The House of Representatives has voted unanimously to end penny production in the United States. 📺 DETAIL: On Monday, the House passed the Common Cents Act, which aims to permanently halt the production of U.S. pennies and would require cash transactions to round to the nearest nickel. Both Democrats and Republicans supported the bill in a unanimous decision. Pennies already in circulation will remain legal tender. The bill follows the U.S. Mint’s decision to halt penny production in November 2025, a move initiated by President Donald J. Trump, who has referred to the penny production process as “wasteful.” Each U.S. penny costs 3.69 cents to produce, far exceeding its face value. The Treasury estimates that ending penny production could save $56 million per year. The U.S. Mint’s final order for pennies was issued in May 2025. The bill was advanced by Representative Lisa McClain (R-MI), Republican Conference Chair, and Representative Robert Garcia (D-CA), ranking member of the House Oversight Committee. 🎯 IMPACT: If passed by the Senate, the legislation will take effect one year after becoming law. While the President’s order to the U.S. Mint last year stopped production, this new legislation prevents production from being restarted in the future. Businesses and consumers will need to adapt to cash rounding practices. The legislation could result in simplified transactions and savings for the federal government. 📺 FLASHBACK: Earlier this month, the U.S. Mint released a commemorative coin for the 25th anniversary of the 9/11 terrorist attacks. The coin includes phrases “NEVER FORGET” and “IN GOD WE TRUST” as well as the date “09-11-01” and a picture of Lady Liberty. The same month, the U.S. Mint released a golden $1 coin featuring an image of President Trump. |
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