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HR3074Passed House

Common Cents Act

Share:
Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-29
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Lisa C. McClain
Lisa C. McClain
Republican · MI · Representative
Votes with party: 98.3% (578 recorded votes)

Full profile: /officials/M001136

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

The title of the measure was amended. Agreed to without objection.

2026-07-14

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Financial ServicesReported By · 2025-09-04

Previously

  • House Committee on Financial ServicesMarkup By · 2025-07-22
  • House Committee on Financial ServicesReferred To · 2025-04-29

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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