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Senate passes bill to phase out the penny

Original: Senate passes Common Cents bill The measure to provide merchants a cash rounding framework, and to formally phase out th

The US Senate has passed the Common Cents bill, legislation that establishes a cash rounding framework for merchants and formally ends production of the penny. The measure now heads to the White House for consideration. Observers in banking and payments circles are tracking its implications for cash transactions and pricing.

Why now: The Senate's passage moves the US closer to eliminating the penny, a change affecting retailers, cash users and payments systems.

US SenateCommon Cents billWhite HouseUS Treasury

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Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 44 min ago.

Evidence

• Senate passes Common Cents bill The measure to provide merchants a cash rounding framework, and to formally phase out the penny, now heads to the White House. https://www. paymentsdive.com/news/senate-p asses-common-cents-bill/831629/ # FinTech # FinServ # Banking # Payments #… · AlexJimenez@mas.to · 1

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