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H.R. 3074 House Finance and Financial Sector

Common Cents Act

Introduced
Apr 29, 2025
Sponsor
Rep. McClain, Lisa C. (R-MI-9)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 15, 2026.

  1. House Introduced in House Apr 29, 2025
  2. House Referred to the House Committee on Financial Services. Apr 29, 2025
  3. House Committee Consideration and Mark-up Session Held Jul 22, 2025
  4. House Committee Consideration and Mark-up Session Held Jul 23, 2025
  5. House Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 13. Jul 23, 2025
  6. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-235. Sep 4, 2025
  7. House Placed on the Union Calendar, Calendar No. 192. Sep 4, 2025
  8. House Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. Jul 14, 2026
  9. House Considered under suspension of the rules. (consideration: CR H4432-4438) Jul 14, 2026
  10. House DEBATE - The House proceeded with forty minutes of debate on H.R. 3074. Jul 14, 2026
  11. House Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. Jul 14, 2026
  12. House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434) Jul 14, 2026
  13. House Motion to reconsider laid on the table Agreed to without objection. Jul 14, 2026
  14. House The title of the measure was amended. Agreed to without objection. Jul 14, 2026
  15. Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Jul 15, 2026

Cosponsors

1

Subjects

Consumer affairsCurrencyMonetary policy

Committees

  • Banking, Housing, and Urban Affairs Committee
    • [Referred To, Jul 15, 2026]
  • Financial Services Committee
    • [Reported By, Sep 4, 2025]
    • [Markup By, Jul 23, 2025]
    • [Markup By, Jul 22, 2025]
    • [Referred To, Apr 29, 2025]

Summary

Common Cents ActThis bill generally ends the production of the penny and requires rounding to the nearest amount divisible by five for the payment or transfer of cash.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 takes effect one year after the date of enactment.

[Summary as of: Introduced in House]

Bill Text

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Related Bills

  • MINT Act of 2025 (Related bill)
  • Common Cents Act (Related bill)

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