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Bill · 119th Congress · HR 3074
Common Cents Act
Refreshed 3 h ago
Introduced 2025-04-29Topic: economy jobs · budgetSummary
Summary by the Congressional Research ServiceCommon Cents Act This bill generally ends the production of the penny and requires rounding to the nearest amount divisible by five for the payment or transfer of cash. The Department of the Treasury must stop producing the penny, except to meet collector needs. The penny shall continue to be legal tender. Any person selling goods or services in a cash transaction, entering into other transfers of cash, or paying cash wages to an employee must round the payment up or down in accordance with the bill. The bill takes effect one year after the date of enactment.
Sponsors
- Lisa C. McClain Republican sponsor
- 1 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-15 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2026-07-14 | House | The title of the measure was amended. Agreed to without objection. | |
| 2026-07-14 | House | Motion to reconsider laid on the table Agreed to without objection. | |
| 2026-07-14 | House | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434) | |
| 2026-07-14 | Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. | floor pass | |
| 2026-07-14 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 3074. | |
| 2026-07-14 | House | Considered under suspension of the rules. (consideration: CR H4432-4438) | |
| 2026-07-14 | House | Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. | |
| 2025-09-04 | House | Placed on the Union Calendar, Calendar No. 192. | |
| 2025-09-04 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235. | report |
| 2025-09-04 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235. | report | |
| 2025-07-23 | House | Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13. | refer |
| 2025-07-23 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-07-22 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-04-29 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-04-29 | Introduced in House | introduce | |
| 2025-04-29 | Introduced in House | introduce |