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Penny and Nickel Production Suspension: Savings and Study

This bill proposes a temporary 10-year halt in the production of one-cent and five-cent coins to save taxpayer money. These coins will remain legal tender, and production will continue only for numismatic collectors. A study will also be conducted to assess the economic impact of this change and its effect on daily transactions.
Key points
One-cent and five-cent coins will not be produced for 10 years, aiming for savings.
Existing one-cent and five-cent coins will remain valid for all payments.
Coins for collectors will still be produced and sold at a price covering production costs.
A study will evaluate the savings from the suspension and the impact of rounding cash purchases.
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Status:
Introduced
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Additional Information
Print number: 119_HR_1270
Sponsor: Rep. Schweikert, David [R-AZ-1]
Process start date: 2025-02-12
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To suspend the production of the penny and nickel, to require the Comptroller General of the United States to carry out a study on pennies and nickels, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1270.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-12.

What are the main provisions?

Key points include:

  • One-cent and five-cent coins will not be produced for 10 years, aiming for savings.
  • Existing one-cent and five-cent coins will remain valid for all payments.
  • Coins for collectors will still be produced and sold at a price covering production costs.
  • A study will evaluate the savings from the suspension and the impact of rounding cash purchases.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schweikert, David [R-AZ-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy