Timeline: The Common Cents Act
From introduction to implementation — tracking the legislative journey of H.R.3074, S.1525 and the final bill, H.R.10167
About
Legislative and Implementation Timeline
The Common Cents Act follows a specific timeline from introduction to full implementation. This page outlines the key milestones in the legislative process and what would happen if the bill is signed into law.
Legislation Introduced
Common Cents Act introduced in both chambers
Legislation Introduced
Common Cents Act introduced in both chambers
House Committee Passes Bill
H.R.3074 passes House Financial Services Committee
House Committee Passes Bill
H.R.3074 passes House Financial Services Committee
Penny Production Ends
Last circulating penny minted at Philadelphia Mint
Penny Production Ends
Last circulating penny minted at Philadelphia Mint
Pennies Start Flowing Again
Federal Reserve resumes penny deposits and orders
Pennies Start Flowing Again
Federal Reserve resumes penny deposits and orders
State Rounding Laws Sweep the Country
While Congress worked on the federal bill, states wrote their own rules — 22 states have enacted laws
State Rounding Laws Sweep the Country
While Congress worked on the federal bill, states wrote their own rules — 22 states have enacted laws
State Laws Take Effect
Effective dates roll in across the country
State Laws Take Effect
Effective dates roll in across the country
H.R.3074 Passes the House
Approved by voice vote under fast-track rules — the bill's first floor vote — and sent to the Senate
H.R.3074 Passes the House
Approved by voice vote under fast-track rules — the bill's first floor vote — and sent to the Senate
Senate Passes S.1525
The Senate passed its companion bill by unanimous consent, adopting the House's permissive approach
Senate Passes S.1525
The Senate passed its companion bill by unanimous consent, adopting the House's permissive approach
Consolidated Bill Introduced — H.R.10167
Rep. McClain reintroduced the Act with the Senate-passed text so a single bill could clear both chambers
Consolidated Bill Introduced — H.R.10167
Rep. McClain reintroduced the Act with the Senate-passed text so a single bill could clear both chambers
House Passes H.R.10167
Passed by voice vote under suspension of the rules after 40 minutes of debate
House Passes H.R.10167
Passed by voice vote under suspension of the rules after 40 minutes of debate
Senate Passes H.R.10167 — Common Cents Act Clears Congress
The Senate passed the House bill without amendment by unanimous consent, completing congressional action
Senate Passes H.R.10167 — Common Cents Act Clears Congress
The Senate passed the House bill without amendment by unanimous consent, completing congressional action
President's Signature & Enactment
The final step before the Common Cents Act becomes federal law
President's Signature & Enactment
The final step before the Common Cents Act becomes federal law
Transition Under State Law
Production ended; state laws and non-binding Treasury guidance govern rounding — the federal Act would make it optional nationwide
Transition Under State Law
Production ended; state laws and non-binding Treasury guidance govern rounding — the federal Act would make it optional nationwide
Factors That Could Affect This Timeline
LEGISLATIVE PROCESS VARIABLES
- Timing of presentment to the President
- The 10-day signing window (Sundays excepted)
- A possible veto or pocket veto
- Congressional calendar and recesses
- Follow-up legislation or technical corrections
IMPLEMENTATION CONSIDERATIONS
- Treasury preparation requirements
- Business adaptation period needs
- Public education campaign development
- Potential phase-in modifications
- Economic conditions at time of implementation
This timeline is based on the current text of the legislation and typical congressional processes. It will be updated as the bill moves from Congress to the President and into implementation.
Milestone Updates
Get notified as legislation progresses and new milestones are reached.