H.R. 1401 (119th)Bill Overview

Currency Optimization, Innovation, and National Savings Act of 2025

Finance and Financial Sector|Finance and Financial Sector
Cosponsors
Support
Republican
Introduced
Feb 18, 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 new one-cent coins for ten years while allowing limited minting for numismatic collectors. Numismatic penny sales must cover production costs.

Why people may split

Progressives emphasize regressive rounding risks and consumer protections

Watch point

Narrow, low-controversy administrative change with visible cost-saving framing; some symbolic or industry opposition possible.

The bill suspends production of new one-cent coins for ten years while allowing limited minting for numismatic collectors.

Numismatic penny sales must cover production costs.

The penny remains legal tender for all debts and obligations.

Passage35/100

Content favors enactment due to narrow scope and modest fiscal rationale, but limited priority and potential stakeholder pushback reduce odds.

CredibilityPartial

How solid the drafting looks.

Contention45/100

Progressives emphasize regressive rounding risks and consumer protections

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Likely helpedLikely burdened

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

Likely helped
  • Potential benefitReduces direct minting expenses by stopping routine penny production for ten years.
  • Potential benefitLowers distribution and handling costs for banks and businesses that process pennies.
  • Potential benefitDecreases metal use and energy consumption associated with producing one-cent coins.
Likely burdened
  • Potential burdenRounding of cash transactions could slightly raise effective prices on small purchases.
  • Potential burdenBusinesses and operators may incur costs reprogramming or modifying vending and cash machines.
  • Potential burdenReduced penny production could lead to fewer jobs at the Mint or in metal supply chains.
03 · Why people split

Why the argument around this bill splits.

Progressives emphasize regressive rounding risks and consumer protections
Progressive60%

Likely cautiously supportive of cutting wasteful government spending, but concerned about distributional effects.

Wants protections for low-income consumers and transparency on rounding impacts.

Sees numismatic exception and legal-tender retention as reasonable safeguards.

Split reaction
Centrist50%

Pragmatic but cautious; sees clear fiscal rationale but notes missing implementation details.

Wants an evidence-based review of impacts on cash transactions and small businesses.

Support contingent on safeguards and transparency.

Split reaction
Conservative85%

Generally supportive as a measure to eliminate wasteful government spending and improve efficiency.

Praises temporary suspension rather than burdensome legislation.

Some concern about tradition, but savings trump symbolic objections.

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

Content favors enactment due to narrow scope and modest fiscal rationale, but limited priority and potential stakeholder pushback reduce odds.

Scope and complexity
24%
Scopenarrow
24%
Complexitylow
Why this could stall
  • No official cost estimate or projected savings included
  • Public acceptance of any cash-rounding effects is unknown
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

Progressives emphasize regressive rounding risks and consumer protections

Content favors enactment due to narrow scope and modest fiscal rationale, but limited priority and potential stakeholder pushback reduce od…

Unlocked analysis

Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for Currency Optimization, Innovation, and National Savings Act of…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

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