This bill would stop the U.S. Mint from making new pennies. Old pennies would still be legal to use, and the Mint could still make pennies for collectors only.

It would also let the Mint change how nickels are made to save money. A nickel could have a zinc center with a nickel coating, and its weight could range from 4 to 6 grams if made this new way. The Treasury Secretary could set the exact mix after testing shows it lowers costs.

Key points

• Who is affected: People who use cash, the U.S. Mint, and coin collectors.
• What changes: Penny production stops; existing pennies stay legal; nickels may switch to a cheaper, layered design and slightly vary in weight .
• When: Changes take effect once the law is enacted; pennies made before then remain legal tender.