The record

LegislationLegislation· Jul 2026
HR 3074 Passed House — in Senate

Sponsored by Lisa C. McClain (R)

Common Cents Act

Stops minting pennies and requires rounding cash transactions to the nearest nickel.

Tradeoff

Eliminates penny production to reduce costs. Requires cash buyers and sellers to round amounts up or down to the nearest five cents.

What's in it

See official bill text

Passed the House by on July 14, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Apr 29, 2025)

  2. House

    Committee on Financial Services(Apr 29, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 35 - 13(Jul 23, 2025)

    Committee report H. Rept. 119-235.

  4. House

    Passage of the bill

    Passed by (Jul 14, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jul 15, 2026)