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HOUSE 3074119th CongressPlaced on the Union Calendar, Calendar No. 192.

Common Cents Act

Last Action
9/4/2025

Actions

  • 2026-07-15Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2026-07-14The title of the measure was amended. Agreed to without objection.
  • 2026-07-14Motion to reconsider laid on the table Agreed to without objection.
  • 2026-07-14On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)
  • 2026-07-14Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
  • 2026-07-14DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
  • 2026-07-14Considered under suspension of the rules. (consideration: CR H4432-4438)
  • 2026-07-14Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  • 2025-09-04Placed on the Union Calendar, Calendar No. 192.
  • 2025-09-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
  • 2025-09-04Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
  • 2025-07-23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
  • 2025-07-23Committee Consideration and Mark-up Session Held
  • 2025-07-22Committee Consideration and Mark-up Session Held
  • 2025-04-29Referred to the House Committee on Financial Services.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2025-04-29 (00)

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.

Cosponsors (1)

  • Robert Garcia (D-CA)

Subjects

  • Consumer affairs
  • Currency
  • Monetary policy
Read on Congress.gov

Sourced from Congress.gov (public domain).

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