Common Cents Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3074 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3074 To direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest five cents, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 29, 2025 Mrs. McClain (for herself and Mr. Garcia of California) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest five cents, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Common Cents Act''. SEC. 2. ELIMINATION OF PRODUCTION OF ONE-CENT COIN. (a) Elimination.--Not later than 1 year after the date of enactment of this Act, except as provided in su…