[Report No. 119–235]
April 29, 2025
Mrs. McClain (for herself and Mr. Garcia of California) introduced the following bill; which was referred to the Committee on Financial Services
September 4, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
For text of introduced bill, see copy of bill as introduced on April 29, 2025
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 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—
(1)
in subsection (a)—
(A)
in paragraph (5), by striking weighs 5 grams.
and inserting the following:
weighs—
(A)
5 grams, with respect to such coin that is an alloy of copper and nickel; or
(B)
between 4 and 6 grams, with respect to such coin as described in subsection (c).; and
(B)
in paragraph (6)—
(i)
by striking except as provided under subsection (c) of this section,
; and
(ii)
by striking and weighs 3.11 grams
;
(2)
in subsection (b)—
(A)
in the sixth sentence—
(i)
by inserting either
before an alloy
; and
(ii)
by inserting or a composition described in subsection (c)
before the period;
(B)
by inserting with respect to such coins that are an alloy of copper and nickel
after nickel required
; and
(C)
by striking Except
through zinc
and inserting The one-cent coin is composed of copper and zinc
;
(3)
by amending subsection (c) to read as follows:
(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. ; and
(4)
by adding at the end the following:
(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.