Common Cents Act would impact pennies, nickels and cash transactions. It may soon become law

The proposed Common Cents Act could soon become law, bringing significant changes to United States currency and cash transactions. The legislation addresses the future of lower-denomination coinage by formally ending the production of the penny.

In addition to phasing out the penny, the bill introduces plans for a new nickel and establishes a system for rounding cash transactions. These measures would alter how everyday cash purchases are handled nationwide.