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Common Cents Act (S-1525) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

April 30, 2025

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Sponsors (2)

Amendments

No Amendments

Related Legislation

AI Summary

Stops production of circulating one-cent coins within one year after enactment (except coins produced for collectors) while keeping the penny as legal tender. Requires cash payments to be rounded to the nearest five cents under specified rounding rules, with limited exceptions and the rounding rule taking effect one year after enactment.

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

April 30, 2025

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

Presidential Signature

Signature Data Not Available

United StatesSenate Bill 1525S 1525

Common Cents Act

Finance and Financial Sector

senate
house
president

Introduced April 30, 2025 by Cynthia M. Lummis · Last progress April 30, 2025

Michiganrepresentative·Lisa C. McClain

Finance and Financial Sector

Common Cents Act

house

senate

president

1 cosponsor·Updated 3/8/2026·Last progress April 29, 2025