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House votes to eliminate one-cent coin permanently
The House of Representatives has unanimously passed the Common Cents Act, which aims to eliminate the one-cent coin by preventing its minting and establishing a rounding framework for cash transactions. The bill, if signed into law, is expected to save the Treasury approximately $56 million annually and includes provisions for monitoring its impact on various groups.
People
Lisa McClain
Robert Garcia
Donald Trump
Our neutral summary
The House of Representatives has unanimously passed the Common Cents Act, which aims to eliminate the one-cent coin by preventing its minting and establishing a rounding framework for cash transactions. The bill, if signed into law, is expected to save the Treasury approximately $56 million annually and includes provisions for monitoring its impact on various groups.
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