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Penny Production Halted: Taxpayer Savings Initiative

This bill aims to stop the production of new one-cent coins (pennies) for a 10-year period to save taxpayer money. Existing pennies will remain legal tender, and production will continue only for numismatic collectors. This means fewer new pennies in circulation, but the ones you have will retain their value.
Key points
Production of new one-cent coins will be suspended for 10 years to save money.
Existing one-cent coins will remain valid and accepted for all payments.
One-cent coins will still be produced in limited quantities for collectors only.
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Status: Introduced
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Additional Information
Print number: 119_HR_1401
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2025-02-18
System Note: Lustra is free, publicly auditable civic infrastructure — 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
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Currency Optimization, Innovation, and National Savings Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1401.

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 2025-02-18.

What are the main provisions?

Key points include:

  • Production of new one-cent coins will be suspended for 10 years to save money.
  • Existing one-cent coins will remain valid and accepted for all payments.
  • One-cent coins will still be produced in limited quantities for collectors only.
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. Biggs, Andy [R-AZ-5].

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 Taxes