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US HB3074
Bill
Status
4/29/2025
Primary Sponsor
Lisa McClain
Click for details
AI Summary
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Secretary of the Treasury must cease production of one-cent coins (pennies) for general circulation, though pennies may still be produced for sale as numismatic collector items
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Existing one-cent coins minted before enactment remain legal tender for all debts, public charges, taxes, and dues
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Cash transactions would be rounded up or down to the nearest five cents
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5-cent coins (nickels) may be produced with a new composition: an inner layer of zinc and outer layer of nickel, weighing between 4 and 6 grams
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Secretary may prescribe the zinc-nickel composition for nickels, subject to testing that confirms the new composition reduces production costs
Legislative Description
Common Cents Act
Finance and financial sector
Last Action
Placed on the Union Calendar, Calendar No. 192.
9/4/2025