H.R. 1270 (119th)Bill Overview

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.

Finance and Financial Sector|Finance and Financial Sector
Cosponsors
Support
Republican
Introduced
Feb 12, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the House Committee on Financial Services.

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

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.

Why people may split

Liberals focus on regressive rounding impacts and consumer protections

Watch point

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.

Passage35/100

Administratively simple and fiscally modest with built-in review, but cultural attachment to coins and stakeholder opposition reduce probability.

CredibilityPartial

How solid the drafting looks.

Contention32/100

Liberals focus on regressive rounding impacts and consumer protections

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
TaxpayersConsumers

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • 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.
Likely burdened
  • 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.
03 · Why people split

Why the argument around this bill splits.

Liberals focus on regressive rounding impacts and consumer protections
Progressive75%

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.

Leans supportive
Centrist65%

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.

Split reaction
Conservative85%

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.

Leans supportive
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood35/100

Administratively simple and fiscally modest with built-in review, but cultural attachment to coins and stakeholder opposition reduce probability.

Scope and complexity
24%
Scopenarrow
24%
Complexitylow
Why this could stall
  • No CBO or cost estimate included in text
  • Magnitude of net savings from suspending production
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

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…

Unlocked analysis

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.

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