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Common Cents Act
Trends
- 1Congress Sends Common Cents Act to Trump as Penny Phaseout Advances▼Congress Sends Common Cents Act to Trump as Businesses Adjust to Penny Phaseout
Congress has passed the Common Cents Act and sent it to President Trump, moving forward with the phaseout of the US penny. Businesses are already adjusting to a future without one-cent coins, rethinking cash transactions and rounding practices as the change takes shape.
- 2Common Cents Act on pennies and nickels may soon become law▼Common Cents Act would impact pennies, nickels and cash transactions. It may soon become law
The Common Cents Act, a proposed piece of US legislation, would change how pennies, nickels and cash transactions are handled, and it may soon become law. The bill addresses longstanding debate over the cost of producing low-value coins, as pennies and nickels each cost more to mint than they are worth. Details of its exact provisions and timeline remain limited.
- 3Common Cents Act Clears Congress in Win for Restaurants▼Common Cents Act Clears Congress, Delivering Key Victory for Restaurant Operators
The Common Cents Act has passed both chambers of Congress, a result being billed as a major victory for restaurant operators. The restaurant industry is welcoming the legislation, which industry groups say addresses longstanding payment and pricing concerns for businesses. Details on the bill's specific provisions and the White House's next steps remain limited in early coverage.
- 4Common Cents Act Targets Penny Shortage for Restaurants▼Common Cents Act: Has Congress Finally Solved the Penny Problem for Restaurateurs?
Congress is weighing the Common Cents Act, legislation aimed at easing the national penny shortage that has complicated cash transactions for restaurants and other businesses. Trade outlets covering the food service industry are asking whether the bill finally resolves the problem, as retailers struggle to make change without the coin in circulation.
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The Common Cents Act has passed both chambers of the US Congress, according to reports. Details of the legislation's contents, its sponsors, and what it would change remain unclear from available reporting.