119th Congress
H.R. 3074
Common Cents Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Lisa C. McClain(R-MI)
- Introduced
- Apr 29, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (1)
Original cosponsors (1)
- Robert Garcia (D-CA)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Jul 15, 2026 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jul 14, 2026 · House
The title of the measure was amended. Agreed to without objection. - Jul 14, 2026 · House
Motion to reconsider laid on the table Agreed to without objection. - Jul 14, 2026 · House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434) - Jul 14, 2026
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. - Jul 14, 2026 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 3074. - Jul 14, 2026 · House
Considered under suspension of the rules. (consideration: CR H4432-4438) - Jul 14, 2026 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. - Sep 4, 2025 · House
Placed on the Union Calendar, Calendar No. 192. - Sep 4, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235. - Jul 23, 2025
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13. - Jul 23, 2025
Committee Consideration and Mark-up Session Held - Jul 22, 2025
Committee Consideration and Mark-up Session Held - Apr 29, 2025 · House
Referred to the House Committee on Financial Services. - Apr 29, 2025
Introduced in House