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HR 1401

Recent Bills/HR 1401

Currency Optimization, Innovation, and National Savings Act of 2025

IntroducedFebruary 18, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the House Committee on Financial Services.

Finance and Financial Sector

More:Recently Introduced Bills House Bills

Why This Matters

This bill would suspend production of the one-cent coin for ten years to save taxpayer money. It aims to optimize how coins are made and distributed.

Who this affects

Department of the Treasury · US Mint · Taxpayers · Coin collectors

What changes is this bill making?

1Titles the act the Currency Optimization, Innovation, and National Savings Act of 2025
2States that enough pennies exist and producing more costs more than they are worth
3Directs the Secretary of the Treasury to stop making new one-cent coins for ten years
4Allows limited penny production only for coin collectors and requires sales to cover production costs
5Clarifies that one-cent coins remain legal tender for all debts and payments

Read full document

Last changed 2 months ago · checked hourly

Bill Progress1 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

House

Senate

Pres

IntroducedCurrentFeb 18, 2025

Referred to the House Committee on Financial Services.

Sponsors

See all 4 sponsors

House

Senate

President

The President

Similar Bills

House Bill · HR 3074

3 of 4 · Passed House

Ends Penny Production, Allows Rounding Cash Purchases

Common Cents Act

House Bill · HR 10167

3 of 4 · Passed Senate

Ends Penny Production and Changes Nickel Material

Common Cents Act

Senate Bill · S 1525

3 of 4 · Passed Senate

Stops Minting Pennies and Rounds Cash Payments

Common Cents Act