119th Congress
H.R. 10167: Common Cents Act
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.
Passed Congress
- Introduced (completed)
- Passed House (completed)
- Passed Senate (completed)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Read the full summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Robert Garcia D-CAOriginal
Who scored on this bill
- 1Lisa McClain SponsorDrew cross-party cosponsors, introduced, passed House, discharged, passed Senate5 events+100
- 2Robert GarciaCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Lisa McClain
History
- Passed the Senate by unanimous consent.
- Passed the House by voice vote.
- Introduced in the House by Lisa McClain.
Show the full action history (16 actions)
- Message on Senate action sent to the House.
- Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5120)
- Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Passed Senate without amendment by Unanimous Consent.
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Considered under suspension of the rules. (consideration: CR H5599-5602)
- On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5599-5601)
- Ms. De La Cruz moved to suspend the rules and pass the bill.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 10167.
- Considered under suspension of the rules.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
- On motion to suspend the rules and pass the bill Agreed to by voice vote.
- Motion to reconsider laid on the table Agreed to without objection.
- Introduced in House
- Referred to the House Committee on Financial Services.