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No More Penny Production: What It Means for Your Money

This act aims to stop the government from minting and issuing 1-cent coins. This means no new pennies will be produced in the future, but the ones you already have will remain valid for payments.
Key points
The government will stop producing new 1-cent coins.
Existing 1-cent coins will remain legal tender.
This change will not affect the value of your current penny savings.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1554
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-05-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Make Sense Not Cents Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1554.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-01.

What are the main provisions?

Key points include:

  • The government will stop producing new 1-cent coins.
  • Existing 1-cent coins will remain legal tender.
  • This change will not affect the value of your current penny savings.
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. Merkley, Jeff [D-OR].

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.

CATEGORIES

Economy