Story perspectives

House Passes Common Cents Act Ending New Penny Production

By Drooid · Sep 15, 2026, 6:26 PM UTC · How we work

Summary

Story summary

The U.S. House of Representatives voted unanimously to pass the Common Cents Act, ending new penny production.
The bill requires U.S. President Donald Trump’s signature to become law.
Minting pennies costs more than three times their face value as of 2025.
The Treasury estimates immediate annual savings of $56 million from ending penny production.
Cash transactions must round to the nearest five cents, with wages rounded up if needed.

1 of 1

Story summary

The U.S. House of Representatives voted unanimously to pass the Common Cents Act, ending new penny production.
The bill requires U.S. President Donald Trump’s signature to become law.
Minting pennies costs more than three times their face value as of 2025.
The Treasury estimates immediate annual savings of $56 million from ending penny production.
Cash transactions must round to the nearest five cents, with wages rounded up if needed.