To direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest 5 cents…

Summary

Common Cents Act 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. The Federal Reserve Board must periodically report on a strategic plan for the acceptance of penny orders and deposits at commercial coin terminals that provide services under agreements with Federal Reserve banks. Finally, the bill allows for a different material composition of the nickel. In addition to being made from an alloy of copper and nickel, the nickel may also be clad with an inner core of zinc and an outer layer of nickel.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

House Committee on Financial Services · U.S. House of Representatives

Also referred to Senate Committee on Banking, Housing, and Urban Affairs · U.S. Senate.

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Cosponsors

Related bills

• S. 1525Common Cents ActIdentical bill, related bill
• H.R. 3074Common Cents ActRelated bill
• H.R. 4459MINT Act of 2025Related bill

As identified by Congress.gov.

Full history

1. Sep 28, 2026

   Passed a chamber

   Passed Senate without amendment by Unanimous Consent.

   U.S. Senate

2. Sep 28, 2026

   In committee

   Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5120)

   U.S. Senate

3. Sep 28, 2026

   Senate Committee on Banking, Housing, and Urban Affairs Discharged by Unanimous Consent. (consideration: cr S5120)

   Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5120)

   U.S. Senate

4. Sep 15, 2026

   Sent to the executive

   Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   U.S. Senate

5. Sep 14, 2026

   Considered Under Suspension of the rules. (consideration: cr H5599-5602)

   Considered under suspension of the rules. (consideration: CR H5599-5602)

Read the record

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