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The House of Representatives has passed the Common Cents Act, which eliminates the one-cent coin and prohibits the minting of new pennies, except for collectors. The bill also introduces a rounding system for cash transactions and aims to save the Treasury approximately $56 million annually.
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The House of Representatives has passed the Common Cents Act, which eliminates the one-cent coin and prohibits the minting of new pennies, except for collectors. The bill also introduces a rounding system for cash transactions and aims to save the Treasury approximately $56 million annually.
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House unanimously votes to eliminate one-cent coin permanently
House votes unanimously to eliminate one-cent coin