Congress Votes to End Production of the Penny After 234 Years, Sending a Bill to Trump
- On Monday, Congress passed 'The Common Cents Act,' ending penny production after 234 years and sending the legislation to President Donald Trump for his expected signature.
- The Mint spends nearly 4 cents to produce each 1-cent coin, making production economically inefficient and prompting lawmakers to seek $56 million in annual savings through the bill.
- Representatives Lisa McClain, R-Mich., and Robert Garcia, D-Calif., sponsored the bipartisan measure. Garcia said, "It's common sense that we should stop making a coin that costs nearly four times more than it's worth to produce."
- The legislation allows businesses to round cash transactions to the nearest 5 cents and permits The Mint to use zinc in nickel production during the penny's phase-out.
- While pennies remain in circulation, retailers have faced uncertainty handling cash transactions without exact change; the bill's new procedures aim to resolve these operational challenges.
40 Articles
40 Articles
Congress votes to end production of the penny after 234 years, sending a bill to Trump - The Boston Globe
The bill, passed by voice vote late Monday, directs the government to not make pennies, giving a legal stamp of approval to the Trump administration’s decision to stop producing the currency last year.
Congress votes to end production of the penny after 234 years, sending
WASHINGTON (AP) — The U.S. Mint stopped making pennies in 2025 , but legislation passed by the Senate and headed to President Donald Trump’s desk will formally end their production after 234 years. The bill, passed by voice vote late Monday, directs the government to not make pennies, giving a legal stamp of approval to the Trump administration’s decision to stop producing the currency last year. The penny, among the first coins to be made after…
The Toronto Star
Congress votes to end production of the penny after 234 years, sending a bill to Trump
WASHINGTON (AP) — The U.S. Mint stopped making pennies in 2025, but legislation passed by the Senate and headed to President Donald Trump’s desk will formally end their production after
Congress votes to end production of the penny after 234 years, sending a bill to Trump – WTOP News
WASHINGTON (AP) — The U.S. Mint stopped making pennies in 2025, but legislation passed by the Senate and headed to President Donald Trump’s desk will formally end their production after 234 years. The bill, passed by voice vote late Monday, directs the government to not make pennies, giving a legal stamp of approval to the...
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