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No More Pennies: Cash Transactions Rounded to Nearest 5 Cents

This act aims to stop the minting of one-cent coins (pennies) within one year of its enactment. It also introduces a requirement to round cash transactions to the nearest 5 cents, simplifying daily payments. Existing pennies will remain legal tender and available for collectors.
Key points
Production of new one-cent coins (pennies) will cease within one year, except for collector's items.
All cash transactions will be rounded to the nearest 5 cents (e.g., 1, 2, 6, 7 cents down; 3, 4, 8, 9 cents up).
Existing one-cent coins will remain legal tender for all debts and payments.
Rounding rules do not apply to payments made by card, electronic transfer, or check.
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Status: Introduced
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Additional Information
Print number: 119_S_1525
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2025-04-30
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
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OFFICIAL LEGAL TITLE

Common Cents Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1525.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-30.

What are the main provisions?

Key points include:

  • Production of new one-cent coins (pennies) will cease within one year, except for collector's items.
  • All cash transactions will be rounded to the nearest 5 cents (e.g., 1, 2, 6, 7 cents down; 3, 4, 8, 9 cents up).
  • Existing one-cent coins will remain legal tender for all debts and payments.
  • Rounding rules do not apply to payments made by card, electronic transfer, or check.
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 Sen. Lummis, Cynthia M. [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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