HR3074119th CongressWALLET

Common Cents Act

Sponsored By: Representative McClain

In Committee

Summary

End production of the penny for general circulation while giving the Treasury authority to redesign the nickel to try to cut coinage costs.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

New nickel metal mix to cut costs

If enacted, the 5-cent coin could use a zinc core with a nickel outer layer. The Treasury Secretary would set the metal mix only after tests show lower production cost. A copper-nickel nickel would weigh 5 grams. The new zinc-core design would weigh between 4 and 6 grams.

Stop making pennies for everyday use

If enacted, the Treasury would stop making pennies for general circulation. Pennies made before enactment would still be legal money. The Mint could keep making pennies to sell to collectors. Cash totals could be rounded; card and electronic payments would not change. The bill would also define pennies as copper and zinc and remove an old "3.11 grams" weight line.

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Sponsors & CoSponsors

Sponsor

McClain

MI • R

Cosponsors

  • Rep. Garcia, Robert [D-CA-42]

    CA • D

    Sponsored 4/29/2025

Roll Call Votes

No roll call votes available for this bill.

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