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End of Penny Production: Cash Transactions Rounded to Five Cents

This law mandates the cessation of minting one-cent coins (pennies) for general circulation, requiring cash transactions to be rounded to the nearest five cents. While existing pennies remain legal tender, their gradual removal simplifies daily cash payments and aims to reduce government minting costs.
Key points
The Treasury will stop producing one-cent coins (pennies) for general use, though production for collectors will continue.
Cash transactions will be rounded up or down to the nearest five cents, affecting the final price paid for small purchases.
All existing one-cent coins retain their value and remain legal tender for debts and taxes.
The Treasury Secretary is authorized to change the composition of the five-cent coin (nickel) to reduce production costs.
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Status:
Placed on Calendar
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Additional Information
Common Cents Act
Print number: HR 3074
Sponsor: Rep. McClain, Lisa C. [R-MI-9]
Process start date: 2025-04-29
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-flash-latest
Source data: api.congress.gov
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Summary & Status

Key Questions about End of Penny Production: Cash Transactions Rounded to Five Cents

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 3074.

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 2025-04-29.

What are the main provisions?

Key points include:

  • The Treasury will stop producing one-cent coins (pennies) for general use, though production for collectors will continue.
  • Cash transactions will be rounded up or down to the nearest five cents, affecting the final price paid for small purchases.
  • All existing one-cent coins retain their value and remain legal tender for debts and taxes.
  • The Treasury Secretary is authorized to change the composition of the five-cent coin (nickel) to reduce production costs.

What is the specific legal status?

The current status is Placed on Calendar.

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. McClain, Lisa C. [R-MI-9].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 192.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

Analysis and Potential Impact of HR 3074

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. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy