House unanimously votes to eliminate one-cent coin permanently
The measure would save an estimated $56 million a year and let cash purchases be rounded to the nearest five cents.
- On Monday, the House unanimously passed the bipartisan Common Cents Act to permanently stop Mint penny production except for collector pieces, ending the one-cent coin's 232-year circulation.
- Production costs for the penny have risen dramatically to more than three times their face value as of 2025, prompting lawmakers to modernize currency operations and halt the fiscally inefficient practice.
- The legislation requires cash purchases be rounded to the nearest five cents, with cash wages rounded up if not divisible by five; the Treasury may produce nickels from cheaper materials.
- If President Donald Trump signs the bill, the production halt becomes permanent law; existing pennies remain legal tender while the Treasury estimated $56 million in immediate annual savings.
- Spearheaded by House GOP Conference Chair Lisa McClain, R-Mich., and Rep. Robert Garcia, D-Calif., the bipartisan measure builds on earlier McClain legislation that lacked rounding protocols.
15 Articles
15 Articles
House Votes Unanimously To Kill The Penny Trump Called Wasteful
Elon Musk's DOGE team spent months getting mocked for hunting pocket change instead of real government waste. On Monday, the full House proved DOGE right about one wasteful expense that had been hiding in plain sight for over two centuries. Every single member of Congress just admitted Washington has been setting money on fire one […]
Congress unanimously passes bill to end the U.S. penny – The Horn...
Prepare to say goodbye to the Lincoln penny forever. The U.S. House of Representatives voted unanimously Monday to pass the Common Cents Act, a bill that would end production of the one-cent coin and create a national rule for rounding cash transactions to phase out the coin completely. The bill... Read More The post Congress unanimously passes bill to end the U.S. penny appeared first on The Horn News - Proudly American, Fiercely Independent.
House Unanimously Votes To Permanently Ax Pennies
The New York Post reports: Americans may soon no longer be able to offer a penny for their thoughts — because the 1-cent coin will be relegated to the ash heap of history. The House of Representatives voted to send the smallest piece of US currency the way of the dodo on Monday, passing the … The post House Unanimously Votes To Permanently Ax Pennies appeared first on Joe.My.God..
House Votes Unanimously to Eliminate the Penny for Good
The House passed the Common Cents Act without a single dissenting vote, permanently ending penny production and setting up a national rounding framework for cash transactions, a rare bipartisan move that now heads to President Trump's desk. The legislation, led by House GOP Conference Chair Lisa McClain of Michigan and Rep. Robert Garcia of California, […]
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