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Common Cents Act

5/21/2025, 12:19 PM

Summary of Bill S 1525

This bill, designated as S. 1525 in the 119th Congress, aims to direct the Secretary of the Treasury to cease the minting of the penny and mandates that cash transactions be rounded up or down to the nearest 5 cents. The bill includes other unspecified purposes and was introduced on April 30, 2025.

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Current Status of Bill S 1525

Bill S 1525 is currently in the status of Bill Introduced since April 30, 2025. Bill S 1525 was introduced during Congress 119 and was introduced to the Senate on April 30, 2025.  Bill S 1525's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 30, 2025

Bipartisan Support of Bill S 1525

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1525

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 1525

A bill to direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest 5 cents, and for other purposes.
A bill to direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest 5 cents, and for other purposes.

Comments

Sponsors and Cosponsors of S 1525

Cynthia M. Lummis
Cynthia M. Lummis
WyomingRepublican
Kirsten E. Gillibrand
Kirsten E. Gillibrand
New YorkDemocrat

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