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House unanimously votes to eliminate one-cent coin permanently

The House unanimously passed the bipartisan Common Cents Act on Monday, permanently ending penny production at the Mint while establishing new cash-rounding rules and maintaining existing coins as legal tender.
Financial inefficiency drove the legislative push after the Mint halted penny production in 2025 following 232 years of operation, as production costs surged to more than three times the coin's face value.
Led by House GOP Conference Chair Lisa McClain, R-Mich., and Rep. Robert Garcia, D-Calif., the bill mandates rounding cash transactions to the nearest five cents with exceptions for cash wages and authorizes cheaper nickel production.
Annual savings of $56 million are projected if the act becomes law, as the bipartisan bill awaits potential signature by President Donald Trump to permanently lock the change and prevent future administrations from restarting production.
Addressing practical retail challenges, this act builds on previous McClain legislation that omitted rounding provisions; Congress requires The Treasury to study the policy's impact on vulnerable groups including low-income consumers and those without bank accounts.

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House Unanimously Votes to Permanently Eliminate the U.S. Penny

Internewscast Internewscast Americans could soon lose the ability to offer a penny for their… This Post: House Unanimously Votes to Permanently Eliminate the U.S. Penny first appeared on Internewscast

54 minutes ago

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New York Post

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House unanimously votes to eliminate 1-cent coin permanently

The Common Cents Act passed the House to officially end penny minting and establish cash rounding to the nearest nickel for cash transactions.

1 hour ago·New York, United States

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CNBC-TV18

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US penny being phased out? A look back at 1-cent coin’s 232-year history

US House passed the Common Cents Act to end penny production, with an exception for collector coins. The bill would round cash transactions to the nearest five cents.

5 hours ago

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End Time Headlines

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House unanimously votes to scrap the penny for good

The one-cent coin is on the brink of vanishing from everyday American life. According to a report from Fox News, the House of Representatives on Monday unanimously passed the bipartisan Common Cents Act, a measure that would permanently stop the U.S. Mint from producing pennies except as collector pieces. Fox News reported that the legislation […]

6 hours ago

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Fox News

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House unanimously votes to eliminate one-cent coin permanently

The Common Cents Act passed the House, blocking the U.S. Mint from minting new pennies except collector coins. Cash transactions would be rounded to the nearest nickel.

10 hours ago·New York, United States

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