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House unanimously votes to eliminate 1-cent coin permanently
Fox News • • nation
Key Points:
- The House of Representatives unanimously passed the bipartisan Common Cents Act, which would end the minting of pennies except for collector coins and establish a system to round cash transactions to the nearest 5 cents.
- Cash wages would be rounded up if the total is not divisible by 5 cents, while existing pennies would remain legal tender.
- The U.S. Mint ceased penny production in November 2025 after 232 years, citing high production costs that exceed the coin's value, with expected annual savings of $56 million.
- The bill, led by GOP Chair Lisa McClain and Democrat Robert Garcia, also includes provisions to allow nickels to be made from cheaper materials.
- If signed by President Trump, the law would prevent future administrations from resuming penny production.
