House unanimously votes to eliminate one-cent coin permanently
The measure would save an estimated $56 million a year and let cash purchases be rounded to the nearest five cents.
- On Monday, the House unanimously passed the bipartisan Common Cents Act, permanently halting Mint penny production except for collector pieces after 232 years of circulation.
- Production costs for the penny have risen dramatically, costing more than three times their face value as of 2025, driving the legislative push to modernize currency operations.
- The legislation requires cash purchases be rounded to the nearest five cents, with wages rounded upward, while the Treasury may produce nickels from cheaper materials and must study impacts on vulnerable groups.
- If President Donald Trump signs the bill, the production halt becomes law and existing pennies remain legal tender; the Treasury estimated an immediate annual savings of $56 million.
- House GOP Conference Chair Lisa McClain, R-Mich., and Rep. Robert Garcia, D-Calif., spearheaded the bipartisan measure, securing unanimous support and building on earlier efforts to end one-cent coin production.
41 Articles
41 Articles
House Passes Bill to Eliminate Penny Production Forever
The House voted unanimously to permanently eliminate the penny from U.S. currency, a rare bipartisan move that would save taxpayers $56 million a year and prevent any future administration from bringing the coin back. The Common Cents Act cleared the chamber Monday without a single dissenting vote, codifying a halt on penny production that the […]
Americans Have Mixed Reactions To The House Voting To Permanently Eliminate The Penny
The bipartisan Common Cents Act was unanimously passed by the House of Representatives on Monday, permanently ending the production of the penny. Last month, the Senate unanimously approved an identical version of the bill. The measure would also provide a framework for rounding monetary transactions to the nearest five cents to eliminate the need for […]
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