- Potential benefitReduces direct minting costs by stopping routine production of 1¢ and 5¢ coins for ten years.
- TaxpayersPotentially lowers taxpayer burden from producing coins whose production may exceed face value.
- Potential benefitDecreases demand for metal inputs and energy used in producing those low-value coins.
To suspend the production of the penny and nickel, to require the Comptroller General of the United States to carry out a study on pennies and nickels, and for other purposes.
Referred to the House Committee on Financial Services.
The bill suspends production of the one-cent and five-cent coins for a 10-year period while allowing limited minting for numismatic collectors sold at cost. It preserves penny and nickel legal‑tender status and directs the GAO to study the suspension and report within three years, including net savings and effects of rounding cash transactions to the nearest ten cents.
Liberals focus on regressive rounding impacts and consumer protections
Narrow, cost-focused bill with bipartisan appeal possible; sentimental opposition and interest-group pushback could complicate floor support.
The bill suspends production of the one-cent and five-cent coins for a 10-year period while allowing limited minting for numismatic collectors sold at cost.
It preserves penny and nickel legal‑tender status and directs the GAO to study the suspension and report within three years, including net savings and effects of rounding cash transactions to the nearest ten cents.
Administratively simple and fiscally modest with built-in review, but cultural attachment to coins and stakeholder opposition reduce probability.
How solid the drafting looks.
Liberals focus on regressive rounding impacts and consumer protections
Who stands to gain, and who may push back.
These are examples from the analysis, not a ranked list of the most-affected groups.
- ConsumersRounding cash transactions to the nearest ten cents could raise small purchase costs for consumers.
- ConsumersLow-income, elderly, and cash-dependent consumers may bear disproportionate costs from rounding rules.
- Potential burdenBusinesses may incur transitional costs updating point-of-sale systems and cash management procedures.
Why the argument around this bill splits.
Liberals focus on regressive rounding impacts and consumer protections
Likely broadly supportive because the bill aims to save taxpayer money and eliminate inefficient coin production.
Concerned about distributional effects of rounding on low‑income and cash‑dependent populations; welcomes the GAO study to assess impacts.
Pragmatic conditional support: supports suspending minting if net savings and consumer harms are minimal.
Wants evidence from GAO and clear, low‑cost implementation plans before endorsing permanent change.
Generally supportive as a commonsense reduction of government waste and spending.
Prefers faster permanent elimination but accepts a study; cautious about regulatory burdens on businesses and negative effects on cash users.
The path through Congress.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Administratively simple and fiscally modest with built-in review, but cultural attachment to coins and stakeholder opposition reduce probability.
- No CBO or cost estimate included in text
- Magnitude of net savings from suspending production
Recent votes on the bill.
No vote history yet
The bill has not accumulated any surfaced votes yet.
Go deeper than the headline read.
Liberals focus on regressive rounding impacts and consumer protections
Administratively simple and fiscally modest with built-in review, but cultural attachment to coins and stakeholder opposition reduce probab…
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for To suspend the production of the penny and nickel, to require…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.