Sponsor: Sen. Lummis, Cynthia M. (R-WY)3 cosponsorsIntroduced Apr 30, 2025
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In plain English
The bill changes specifications for 5-cent coins and stops producing 1-cent coins. It allows cash transactions to be rounded to the nearest 5 cents when exact amounts cannot be paid. The bill directs the federal government to work with states and tribes on how cash rounding rules apply in their jurisdictions. It also requires a strategic plan and report on coin terminal operations and the eventual removal of certain coins from circulation.
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 2026-08-07, but the bill text was revised on 2026-08-07T04:00:00Z. 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
Apr 30
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Senate committee
Apr 30
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Senate floor
Aug 7
4
House
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5
Signed
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What happens next: Cleared the Senate. Now goes to the House for consideration.
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