3.0.0 10167 2026-09-10T18:26:08Z 2026-09-10T18:26:08Z House H HR 2026-08-27 119 https://www.congress.gov/bill/119th-congress/house-bill/10167 [Congressional Record Volume 172, Number 136 (Thursday, August 27, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. McCLAIN:H.R. 10167.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 5 of the United StatesConstitution, which grants Congress the power ``To coinMoney, regulate the Value thereof, and of foreign Coin''; andArticle I, Section 8, Clause 18, which grants Congress thepower ``To make all Laws which shall be necessary and properfor carrying into Execution the foregoing Powers.''[Page H5258]]]> hsba00 Financial Services Committee House Standing Referred To 2026-08-27T13:02:25Z Common Cents Act 119 1525 S 2026-08-10 Held at the desk. 11:10:32 Identical bill CRS MINT Act of 2025 119 4459 HR 2025-07-16 Referred to the House Committee on Financial Services. Related bill CRS Common Cents Act 119 3074 HR 2026-07-15 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2026-08-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2026-08-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2026-08-27 Introduced in House IntroReferral 1000 9 Library of Congress M001136 Rep. McClain, Lisa C. [R-MI-9] Lisa McClain R MI C. 9 N G000598 Rep. Garcia, Robert [D-CA-42] Robert Garcia D CA 42 2026-08-27 True Finance and Financial Sector Finance and Financial Sector 2026-09-01T16:41:38Z 00 2026-08-27 Introduced in House 2026-09-10T18:24:25Z Common Cents Act

This bill ends the production of the penny for general circulation, requires rounding to an amount divisible by five for the payment or transfer of cash, and allows the nickel to be composed of different material.

The Department of the Treasury must stop producing the penny, except to meet collector needs. The penny shall continue to be legal tender.

Any person selling goods or services in a cash transaction, entering into other transfers of cash, or paying cash wages to an employee must round the payment up or down in accordance with the bill.

The bill also allows Treasury to discontinue the minting for circulation of any coin if Treasury follows procedures as outlined by the bill, including providing notice and a briefing to Congress.

The Federal Reserve Board must periodically report on a strategic plan for the acceptance of penny orders and deposits at commercial coin terminals that provide services under agreements with Federal Reserve banks. 

Finally, the bill allows for a different material composition of the nickel. In addition to being made from an alloy of copper and nickel, the nickel may also be clad with an inner core of zinc and an outer layer of nickel. 

]]> Common Cents Act Display Title 45 Common Cents Act 2026-09-01T05:08:19Z Short Title(s) as Introduced 101 Common Cents Act 2026-09-01T05:08:18Z Introduced in House IH Official Title as Introduced 6 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 5 cents, and for other purposes. 2026-09-01T05:03:22Z Introduced in House IH Introduced in House 2026-08-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr10167ih/xml/BILLS-119hr10167ih.xml 2026-08-27 Referred to the House Committee on Financial Services. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.