H.R. 10167 Passed both chambers Finance and Financial Sector

Common Cents Act

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. McClain, Lisa C. [R-MI-9] Introduced August 27, 2026 Cosponsors 1 (1 D) Latest action September 28, 2026

Summary

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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Sep 28, 2026 Passed Senate without amendment by Unanimous Consent.
  2. Sep 28, 2026 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5120)
  3. Sep 15, 2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  4. Sep 14, 2026 Motion to reconsider laid on the table Agreed to without objection.
  5. Sep 14, 2026 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5599-5601)
  6. Sep 14, 2026 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
  7. Sep 14, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 10167.
  8. Sep 14, 2026 Considered under suspension of the rules. (consideration: CR H5599-5602)
  9. Sep 14, 2026 Ms. De La Cruz moved to suspend the rules and pass the bill.
  10. Aug 27, 2026 Referred to the House Committee on Financial Services.
  11. Aug 27, 2026 Introduced in House

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