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Common Cents Act
Trends
- 1Common 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.
- 2Congress 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.