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House unanimously votes to eliminate 1-cent coin permanently

The House of Representatives voted unanimously to pass the Common Cents Act, a bill that permanently ends the minting of the one-cent coin. The legislation allows merchants to round cash transactions to the nearest nickel. While the bill officially terminates production, some reports indicate that pennies are already out of production. The measure represents the second time the House has considered legislation to remove the coin from circulation.

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⚡ Key Developments & Real-Time Context
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  • ✓ The House of Representatives voted unanimously to eliminate the one-cent coin permanently.
  • ✓ The legislation is titled the Common Cents Act.
  • ✓ The bill ends the minting of pennies.
🛡️ Source Corroboration: 7 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The House of Representatives officially passed the Common Cents Act through a unanimous vote.

Live updates

  1. House unanimously passes Common Cents Act to eliminate penny

    The House of Representatives voted unanimously to pass the Common Cents Act, a bill that permanently ends the minting of the one-cent coin. The legislation allows merchants to round cash transactions to the nearest nickel. While the bill officially terminates production, some reports indicate that pennies are already out of production. The measure represents the second time the House has considered legislation to remove the coin from circulation.

    Why it matters

    The move addresses the economic inefficiency of producing the penny, which some argue has been rendered obsolete by inflation. This change affects how consumers and businesses handle cash payments for small denominations.

    What is confirmed

    • The House of Representatives voted unanimously to eliminate the one-cent coin permanently.
    • The legislation is titled the Common Cents Act.
    • The bill ends the minting of pennies.

    Still unconfirmed

    • The legislation may affect how people pay with cash.

    What to watch next

    • Senate vote on the Common Cents Act
    • Presidential signature or veto of the bill
    • Implementation guidelines for merchant rounding
    Sources used for this update (7)
    1. nypost.com — House unanimously votes to eliminate 1-cent coin permanently
    2. Fox News — House unanimously votes to eliminate one-cent coin permanently
    3. The Hill — Bill that could change the nickel, how you pay with cash passes through House
    4. MarketWatch — Opinion: Inflation killed the penny. Now it’s coming for your dollar.
    5. CUTimes — Credit Union-Backed Fraud, Penny Bills Head to House Floor
    6. www.breitbart.com — House Unanimously Votes to Stop Penny Production
    7. www.yahoo.com — House passes Common Cents bill
    confidence 90%
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