Common Cents Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1525 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1525 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 5 cents, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 30, 2025 Ms. Lummis (for herself and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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 5 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.--Except as provided in subsection (b), and notwithstanding any other provi…