119th Congress Finance and Financial Sector
S. 1525: Common Cents Act
Passed Senate
- Introduced (completed)
- Passed Senate (completed)
- Passed House (not reached)
- 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
Showing 2 of 2 amendments
- S.Amdt. 6766Cynthia Lummis R-WYAgreedAug 7, 2026Aug 7, 2026: Amendment SA 6766 agreed to in Senate by Unanimous Consent.
- S.Amdt. 6749Cynthia Lummis R-WYNo outcomeAug 6, 2026
Cosponsors
- Kirsten Gillibrand D-NYOriginal
- James Lankford R-OK
- Ron Wyden D-OR
Who scored on this bill
- 1Cynthia Lummis SponsorDrew cross-party cosponsors, introduced, discharged, passed Senate; 2 amendments offered, 1 agreed7 events+84
- 2Kirsten GillibrandCosponsored; cosponsored bill passed2 events+4
- 2James LankfordCosponsored; cosponsored bill passed2 events+4
- 2Ron WydenCosponsored; 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 Cynthia Lummis
- S. 2273: Wyoming Education Trust Modernization Act
- S. 790: To redesignate the National Historic Trails Interpretive Center in Casper, Wyoming, as the "Barbara L. Cubin National Historic Trails Interpretive Center"
- S. 284: Congressional Award Program Reauthorization Act
- S.J.Res. 89: Disapproval of Bureau of Land Management rule: Buffalo Field Office Record of Decision and Approved Resource Management Plan Amendment
- S. 4245: WATER Data Improvement Act
- S. 2087: Congressional Award Program Reauthorization Act of 2023
History
- Passed the Senate with an amendment by unanimous consent.
- Introduced in the Senate by Cynthia Lummis.
Show the full action history (11 actions)
- Received in the House.
- Held at the desk.
- Message on Senate action sent to the House.
- Measure laid before Senate by unanimous consent. (consideration: CR S4551)
- Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S4586-4588)
- Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- Measure laid before Senate by unanimous consent.
- Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
- Passed Senate with an amendment by Unanimous Consent.
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.