Common Cents Act

Sponsored byRep. McClain, Lisa C. [R-MI-9]MI· Introduced 29 April 2025

Open on Congress.gov

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Introduced

Committee

Passed Chamber

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Enacted

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Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

15 July 2026·1 week ago

Summary

Introduced in House · Updated 8 July 2026

Common 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.

Timeline

17 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
15 July 2026 · IntroReferral
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
14 July 2026 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
14 July 2026 · Floor
The title of the measure was amended. Agreed to without objection.
14 July 2026 · Floor
Considered under suspension of the rules.
14 July 2026 · Floor
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
14 July 2026 · Floor
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
14 July 2026 · Floor
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
14 July 2026 · Floor
Motion to reconsider laid on the table Agreed to without objection.
14 July 2026 · Floor
Placed on the Union Calendar, Calendar No. 192.
4 September 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
4 September 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
4 September 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
4 September 2025 · Committee
Placed on the Union Calendar, Calendar No. 192.
4 September 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
4 September 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
4 September 2025 · Committee
Committee Consideration and Mark-up Session Held
23 July 2025 · Committee
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
23 July 2025 · Committee
Committee Consideration and Mark-up Session Held
23 July 2025 · Committee
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
23 July 2025 · Committee