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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1401
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2025-02-18
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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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.

CATEGORIES

Economy Taxes