H.R. 10167Passed Both ChambersFinance and Financial Sector
Common Cents Act
Sponsor: Rep. McClain, Lisa C. (R-MI)1 cosponsorIntroduced Aug 27, 2026
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In plain English
Rep. Lisa McClain (R-MI) sponsored this bill to stop minting pennies for general circulation while keeping them legal tender, and to require cash transactions to round to the nearest amount divisible by five. The bill allows the Treasury to change the material composition of nickels and gives Treasury authority to discontinue any coin from circulation if it follows notice and congressional briefing procedures. The Federal Reserve must develop and report on a strategic plan for accepting pennies at coin terminals.
What’s in the bill (6 sections)
Sec. 2. Specifications of 5-cent coins and ceasing production of one-
Sec. 3. Cash transaction rounding
Sec. 4. Treatment of federal, state, and tribal law with respect to
Sec. 5. Strategic plan and report on coin terminal operations and coin
Note: the official CRS summary for this bill was written on 2026-08-27, but the bill text was revised on 2026-09-15T04:00:00Z. Provisions may have been added since the summary was written — the section list above reflects the current text.
Where it is in the process
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Introduced
Aug 27
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House committee
Sep 15
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House floor
Sep 14
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Senate
Sep 28
5
Signed
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What happens next: Cleared both chambers. Heads to the President's desk.
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