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S. 1525 119th Congress Senate

Common Cents Act

Official title: 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 5 cents, and for other purposes.

Introduced: April 30, 2025 Introduced by: Cynthia M. Lummis Republican · Wyoming See on congress.gov
Finance and Financial Sector Consumer affairsCurrencyMonetary policy
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 2026
Held at the desk.
Aug 10, 2026
Received in the House.
Aug 10, 2026
Message on Senate action sent to the House.
Aug 7, 2026
Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S4586-4588)
Aug 7, 2026
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Aug 7, 2026
Measure laid before Senate by unanimous consent. (consideration: CR S4551)
Aug 7, 2026
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Apr 30, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 30, 2025
Introduced in Senate
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to 1 pending / other

AmendmentSponsorPurposeStatusLatest action
SAMDT 6,766 Lummis, Cynthia M. In the nature of a substitute. Agreed to Aug 7, 2026
SAMDT 6,749 Lummis, Cynthia M. In the nature of a substitute. Pending Aug 6, 2026
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What's happening now August 10, 2026

Held at the desk.

 Plain-English summary Congressional Research Service

Common Cents Act

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.

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. 

 Related & companion bills 2
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 82

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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APA
U.S. Congress. (2026). S. 1525: Common Cents Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-1525/
MLA
"S. 1525: Common Cents Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1525/.
Bluebook (legal)
S. 1525, 119th Cong. (2026), https://openamerica.io/bill/119-S-1525/.
Markdown link
[S. 1525: Common Cents Act](https://openamerica.io/bill/119-S-1525/)
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