119 S1554 IS: Make Sense Not Cents Act U.S. Senate 2025-05-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 1554IN THE SENATE OF THE UNITED STATESMay 1, 2025Mr. Merkley (for himself and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo amend title 31, United States Code, to prohibit the Secretary of the Treasury from minting or issuing 1-cent coins.

1.

Short title

This Act may be cited as the Make Sense Not Cents Act.

2.

Sense of Congress

It is the sense of Congress that Congress has the sole authority to coin money and regulate currency.

3.

Discontinuation of 1-cent coins

(a)

In general

The Secretary of the Treasury may not mint or issue a 1-cent coin.(b)

Technical and conforming amendments

(1)Title 31, United States Code, is amended—(A)in section 5112—(i)in subsection (a)—(I)by striking paragraph (6); and(II)by redesignating paragraphs (7) through (12) as paragraphs (6) through (11), respectively;(ii)in subsection (b), by striking the eighth sentence;(iii)by striking subsection (c);(iv)in subsection (i), by striking (7), (8), (9), and (10) each place the term appears and inserting (6), (7), (8), and (9); (v)in subsection (j), by striking (7), (8), (9), or (10) and inserting (6), (7), (8), or (9); and(vi)in subsection (v), by striking paragraph (12) each place the term appears and inserting paragraph (11);(B)in section 5113(a), by striking the third sentence; and(C)in section 5132(a), by striking through (6) each place the term appears and inserting through (5).(2)Section 408(m)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking paragraph (7), (8), (9), or (10) and inserting paragraph (6), (7), (8), or (9).

4.

No effect on legal tender

Notwithstanding any other provision of this Act, or any amendment made by this Act, one-cent coins are legal tender in the United States for all debts, public and private, public charges, taxes, and duties, regardless of the date of minting or issue.