Congressman Robert Garcia and Congresswoman Lisa McClain Introduce Bipartisan “Common Cents Act” to Eliminate the Penny

Washington, D.C. - Today, Congressman Robert Garcia (CA-42) and Congresswoman Lisa McClain (MI-09) introduced the Common Cents Act to end the minting of the penny and require cash transactions to be rounded up or down to the nearest five cents. Full text of the bill can be found here.

"It doesn't make sense to continue producing the penny, which costs three times more than it's worth to create and distribute," said Congressman Garcia. "As the cost of living continues to rise and with more folks tapping their phones or cards for payment, we shouldn't be pouring millions of taxpayer dollars into a coin that is rarely used. By halting production, we would actually cut waste and boost efficiency in a common-sense way."

"Pennies are a waste of taxpayer dollars. It doesn't make sense to spend millions each year minting coins that so few people actually use. President Trump's common-sense idea should become law. We are taking a decisive step toward fiscal responsibility and updating our currency for the 21^st century," said Congresswoman McClain.

The bill would take effect one year after its enactment and follows the successful elimination of one-cent coins in several other countries, including Australia and Canada. Additionally, a final decision on whether the U.S. Mint will cease production of the penny is currently pending. Non-cash transactions, such as credit card, debit card, mobile phone payments, and checks, would not be affected. The cost of producing a penny is roughly 3.7 times its face value, driven by rising metal prices. By eliminating the penny, this bill aims to reduce unnecessary costs, save taxpayer money, and streamline the U.S. currency system, eliminating waste and making it more efficient for both consumers and businesses.

Congressman Garcia is dedicated to eliminating waste, improving government efficiency, and saving taxpayer dollars. On the Oversight Committee, Congressman Garcia works to ensure all government operations are effective and streamlined. Last Congress, two of Congressman Garcia's bipartisan bills, the Eliminate Useless Reports Actand the Government Accountability Office (GAO) Inspector General Parity Actaimed at improving government efficiency were signed into law, which will save taxpayer dollars and promote more accountable government operations. Congressman Garcia previously introduced the FLASH Act(Fast-Track Logistics for Acquiring Supplies in a Hurry Act) to streamline procurement processes within the Department of Health and Human Services during emergencies. This legislation would eliminate waste, reduce delays, and ultimately save taxpayer dollars while streamlining access to essential resources.

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