Common Cents Act
Key claim: The Common Cents Act (HR3074) would end U.S. penny production and require cash transactions to be rounded to the nearest five cents, while keeping the penny as legal tender.
Abstract
(HR3074 · 119th Congress) 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. Latest action (2025-09-04): Placed on the Union Calendar, Calendar No. 192.
Why this matters
The Common Cents Act (HR3074) would end U.S. penny production and require cash transactions to be rounded to the nearest five cents, while keeping the penny as legal tender.