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H.R. 3074 · 119th Congress

Common Cents Act

Introduced Apr 29, 2025Policy area: Finance and Financial Sector

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

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.

Summary by the Congressional Research Service.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. House

    The title of the measure was amended. Agreed to without objection.

  3. House

    Motion to reconsider laid on the table Agreed to without objection.

  4. House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)

  5. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  6. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.

  7. House

    Considered under suspension of the rules. (consideration: CR H4432-4438)

  8. House

    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

  9. House

    Placed on the Union Calendar, Calendar No. 192.

  10. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235.

  11. House

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13.

  12. House

    Committee Consideration and Mark-up Session Held

Show 3 earlier actions
  1. House

    Committee Consideration and Mark-up Session Held

  2. House

    Referred to the House Committee on Financial Services.

  3. Introduced in House