S 1525
Common Cents Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Common Cents Act, proposes to eliminate the production and circulation of the penny in the United States. It also establishes a system where cash transactions are rounded up to the nearest 5 cents when the final digit is 3, 4, 8, or 9, and rounded down when the final digit is 1, 2, 6, or 7. The bill ensures that existing pennies remain legal tender and allows for the sale of pennies to collectors to cover production costs.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.