H.R. 3074: Common Cents Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-04-29 |
| Sponsor | Rep. McClain, Lisa C. [R-MI-9] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 1 |
| Latest action | 2026-07-15 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-04-29):
Common Cents Act
This bill generally ends the production of the penny and requires rounding to the nearest amount divisible by five for the payment or transfer of cash.
The Department of the Treasury must stop producing the penny, except to meet collector needs. The penny shall continue to be legal tender.
Any person selling goods or services in a cash transaction, entering into other transfers of cash, or paying cash wages to an employee must round the payment up or down in accordance with the bill.
The bill takes effect one year after the date of enactment.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Robert Garcia | D CA (original cosponsor) 2025-04-29 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 3074 are published by Congress on congress.gov.
View H.R. 3074 on congress.gov →
Frequently asked questions
What is H.R. 3074?
H.R. 3074 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Common Cents Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 3074 are available on congress.gov.
Bill data: congress.gov API (official congressional records).