Common Cents Act (HR 3074)

119 HR 3074 RH: Common Cents Act U.S. House of Representatives 2025-09-04 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. IB Union Calendar No. 192 119th CONGRESS 1st Session H. R. 3074 [Report No. 119–235] IN THE HOUSE OF REPRESENTATIVES April 29, 2025 Mrs. McClain (for herself and Mr. Garcia of California ) introduced the following bill; which was referred to the Committee on Financial Services September 4, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on April 29, 2025 A BILL 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 five cents, and for other purposes. 1. Short title This Act may be cited as the Common Cents Act . 2. Specifications of 5-cent coins and elimination of one-cent coins Section 5112 of title 31, United States Code, is amended— (1) in subsection (a)— (A) in paragraph (5), by striking weighs 5 grams. and inserting the following: weighs— (A) 5 grams, with respect to such coin that is an alloy of copper and nickel; or (B) between 4 and 6 grams, with respect to such coin as described in subsection (c). ; and (B) in paragraph (6)— (i) by striking except as provided under subsection (c) of this section, ; and (ii) by striking and weighs 3.11 grams ; (2) in subsection (b)— (A) in the sixth sentence— (i) by inserting either before an alloy ; and (ii) by inserting or a composition described in subsection (c) before the period; (B) by inserting with respect to such coins that are an alloy of copper and nickel after nickel required ; and (C) by striking Except through zinc and inserting The one-cent coin is composed of copper and zinc ; (3) by amending subsection (c) to read as follows: (c) 5-cent coin (1) In general The 5-cent coin may be a coin with an inner layer of zinc and an outer layer of nickel. (2) Composition The Secretary may prescribe the composition of zinc and nickel in the 5-cent coin, subject to testing and evaluation that such composition reduces the cost incurred to produce such coin. ; and (4) by adding at the end the following: (bb) Elimination of one-cent coin (1) In general Notwithstanding any other provision of law, the Secretary shall cease production of one-cent coins for general circulation, but may continue to produce and issue one-cent coins for sale as numismatic items. (2) No effect on legal tender Any one-cent coin that is minted and issued on any date before the date of the enactment of this subsection shall remain legal tender for all debts, public charges, taxes, and dues. . September 4, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed