HR 3074
Passed a chamber
Directs the Treasury Secretary to stop minting one-cent coins for everyday circulation and allows cash totals and change to be rounded to the nearest five cents.
Official title: Common Cents Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
29-APR-2025
Referred
29-APR-2025
Approved by committee
23-JUL-2025
Reported
04-SEP-2025
On the calendar
04-SEP-2025
Passed
14-JUL-2026
Senate
Received
15-JUL-2026
- Requires the Treasury Secretary to stop producing one-cent coins for general circulation, while existing pennies remain legal tender.
- Permits sellers, financial institutions, and other parties in cash transactions to round totals and change up or down to the nearest five cents when exact change cannot be provided, and allows rounding in a customer's favor.
- Protects those who round under these rules from violating federal, state, or tribal requirements, but does not excuse minimum wage, overtime, or paid leave obligations.
- Requires the Federal Reserve to submit a strategic plan for penny distribution within 90 days, followed by progress reports, and requires a Treasury assessment of effects on low-income, older, and unbanked consumers.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (29-APR-2025); the text has changed since (Engrossed in House, 14-JUL-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
■ 1 D
1 Democrat