H.R. 3074

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · April 29, 2025 · Sponsor: Mrs. McClain · Committee: Committee on Financial Services

Table of contents

• H.R. 3074
  • SEC. 1. Short title
  • SEC. 2. Specifications of 5-cent coins and elimination of one-cent coins

SEC. 1. Short title

• This Act may be cited as the Common Cents Act.

SEC. 2. Specifications of 5-cent coins and elimination of one-cent coins

• Section 5112 of title 31, United States Code, is amended—
  • in subsection (a)—
    • in paragraph (5), by striking and inserting the following:
      • weighs—
        • 5 grams, with respect to such coin that is an alloy of copper and nickel; or
        • between 4 and 6 grams, with respect to such coin as described in subsection (c).
    • in paragraph (6)—
      • (i) by striking ; and
      • (ii) by striking ;
  • in subsection (b)—
    • in the sixth sentence—
      • (i) by inserting before ; and
      • (ii) by inserting before the period;
    • by inserting after ; and
    • by striking through and inserting zinc;
    • (c) 5-cent coin
      • (1) In general
        • The 5-cent coin may be a coin with an inner layer of zinc and an outer layer of nickel.
      • (2) Composition
        • The Secretary may prescribe the composition of zinc and nickel in the 5-cent coin, subject to testing and evaluation that such composition reduces the cost incurred to produce such coin.
  • by amending subsection (c) to read as follows:
    • (bb) Elimination of one-cent coin
      • (1) In general
        • Notwithstanding any other provision of law, the Secretary shall cease production of one-cent coins for general circulation, but may continue to produce and issue one-cent coins for sale as numismatic items.
      • (2) No effect on legal tender
        • Any one-cent coin that is minted and issued on any date before the date of the enactment of this subsection shall remain legal tender for all debts, public charges, taxes, and dues.
  • by adding at the end the following: