House votes to end one-cent coin
The House of Representatives approved the bipartisan Common Cents Act to eliminate the penny from circulation, stopping its production and implementing rounding of cash transactions to the nearest five cents. The bill, which builds on previous efforts, aims to save money by reducing minting costs, with existing pennies remaining legal tender. If signed into law, it would prevent future reversal of the decision by subsequent administrations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)