Common Cents Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 29, 2025)
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.
What just happenedJul 15, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Reported in HouseSep 4, 2025
- Introduced in HouseApr 29, 2025
- Jul 15, 2026IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 14, 2026FloorH38800
The title of the measure was amended. Agreed to without objection.
- Jul 14, 2026FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Jul 14, 2026FloorH37300
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)
- Jul 14, 2026Floor8000
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jul 14, 2026FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
- Jul 14, 2026FloorH30000
Considered under suspension of the rules. (consideration: CR H4432-4438)
- Jul 14, 2026FloorH30300
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Sep 4, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 192.
- Sep 4, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
Financial Services Committee - Sep 4, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
Financial Services Committee - Jul 23, 2025CommitteeH19000
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
Financial Services Committee - Jul 23, 2025CommitteeH15001
Committee Consideration and Mark-up Session Held
Financial Services Committee - Jul 22, 2025CommitteeH15001
Committee Consideration and Mark-up Session Held
Financial Services Committee - Apr 29, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 29, 2025IntroReferralIntro-H
Introduced in House
- Apr 29, 2025IntroReferral1000
Introduced in House