House bill proposes ending penny production and rounding cash transactions
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Table of Contents
A bill introduced in the House would direct the Secretary of the Treasury to stop minting pennies. It is currently referred to the House Committee on Financial Services.
Why it matters: This is a legislative proposal that has not yet become law. Its practical significance is currently zero. It would only affect daily commerce if it passed both chambers and was signed into law.
Who it affects
- Consumers making cash purchases (if enacted)
This is a bill introduced in the U.S. House of Representatives, available on Congress.gov; check the original document for specific rounding rules and implementation details.
Agency: House
Source: Congress.gov — read the official document