Federal · 119th Congress
Common Cents Act
Policy areaFinance and Financial Sector
Summary
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.
Sponsor
Cosponsors
Other titles3
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 five cents, and for other purposes.Official Title as Introduced
To direct the Secretary of the Treasury to stop minting the penny, to permit cash transactions to be rounded up or down to the nearest five cents, and for other purposes.Official Titles as Amended by HouseOfficial Titles from EH (Engrossed in House) bill text
Common Cents ActShort Title(s) as IntroducedShort Title(s) as Reported to HouseShort Title(s) as Passed HouseShort Titles from RFS (Referred to Senate) bill text
Legislative history14
Jul 15, 2026
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 14, 2026
House · FloorThe title of the measure was amended. Agreed to without objection.
Jul 14, 2026
House · FloorMotion to reconsider laid on the table Agreed to without objection.
Jul 14, 2026
House · FloorOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)
Jul 14, 2026
House · FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
Jul 14, 2026
House · FloorConsidered under suspension of the rules. (consideration: CR H4432-4438)
Jul 14, 2026
House · FloorMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Sep 4, 2025
HousePlaced on the Union Calendar, Calendar No. 192.
Sep 4, 2025
House · CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 119-235.
Jul 23, 2025
House · CommitteeOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.
Jul 23, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
Jul 22, 2025
House · CommitteeCommittee Consideration and Mark-up Session Held
12 of 14
Documents5
Texts
As referred to a Senate committeeLatestReferred in SenateU.S. Government Publishing OfficeJul 15, 2026As passed by the HouseEngrossed in HouseU.S. Government Publishing OfficeJul 14, 2026As reported by the House committeeReported in HouseU.S. Government Publishing OfficeSep 4, 2025As introduced in the HouseIntroduced in HouseU.S. Government Publishing OfficeApr 29, 2025