LEGISLATIVE TIMELINE

Timeline: The Common Cents Act

From introduction to implementation — tracking the legislative journey of S.1525 and H.R.3074

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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.

April 29-30, 2025

Legislation Introduced

COMPLETED

Common Cents Act introduced in both chambers

S.1525 introduced April 30 by Sen. Lummis [R-WY] & Sen. Gillibrand [D-NY]

H.R.3074 introduced April 29 by Rep. McClain [R-MI] & Rep. Garcia [D-CA]

Bipartisan support in both chambers

April 29-30, 2025

Legislation Introduced

COMPLETED

Common Cents Act introduced in both chambers

S.1525 introduced April 30 by Sen. Lummis [R-WY] & Sen. Gillibrand [D-NY]

H.R.3074 introduced April 29 by Rep. McClain [R-MI] & Rep. Garcia [D-CA]

Bipartisan support in both chambers

July 23, 2025

House Committee Passes Bill

COMPLETED

H.R.3074 passes House Financial Services Committee

Passed by vote of 35-13 with strong bipartisan support

Bill advances to House floor, placed on Union Calendar No. 192

Represents significant milestone in legislative process

July 23, 2025

House Committee Passes Bill

COMPLETED

H.R.3074 passes House Financial Services Committee

Passed by vote of 35-13 with strong bipartisan support

Bill advances to House floor, placed on Union Calendar No. 192

Represents significant milestone in legislative process

November 12, 2025

Penny Production Ends

COMPLETED

Last circulating penny minted at Philadelphia Mint

Ceremonial final strike conducted by U.S. Treasurer Brandon Beach

Ended via executive action, not legislation

232 special "Omega" pennies produced for auction

Production cessation saves Treasury ~$56M annually

November 12, 2025

Penny Production Ends

COMPLETED

Last circulating penny minted at Philadelphia Mint

Ceremonial final strike conducted by U.S. Treasurer Brandon Beach

Ended via executive action, not legislation

232 special "Omega" pennies produced for auction

Production cessation saves Treasury ~$56M annually

January 2026

Pending Congressional Action

IN PROGRESS

Legislation awaits floor votes

H.R.3074: Awaiting House floor vote (no date scheduled)

S.1525: Still in Senate Banking Committee (no hearing scheduled)

Neither bill has passed as of January 2026

January 2026

Pending Congressional Action

IN PROGRESS

Legislation awaits floor votes

H.R.3074: Awaiting House floor vote (no date scheduled)

S.1525: Still in Senate Banking Committee (no hearing scheduled)

Neither bill has passed as of January 2026

TBD

House Floor Vote (If Scheduled)

SCHEDULED

Full House consideration of H.R.3074

No vote scheduled as of January 2026

Would require House leadership to bring bill to floor

If passed, would move to Senate for consideration

TBD

House Floor Vote (If Scheduled)

SCHEDULED

Full House consideration of H.R.3074

No vote scheduled as of January 2026

Would require House leadership to bring bill to floor

If passed, would move to Senate for consideration

TBD

Senate Committee Action (If Scheduled)

SCHEDULED

Senate Banking Committee consideration of S.1525

No hearing scheduled as of January 2026

Would require committee hearings and markup

Must pass committee before advancing to Senate floor

TBD

Senate Committee Action (If Scheduled)

SCHEDULED

Senate Banking Committee consideration of S.1525

No hearing scheduled as of January 2026

Would require committee hearings and markup

Must pass committee before advancing to Senate floor

TBD

Potential Enactment

PROPOSED

If both chambers pass and President signs

Would require passage by both House and Senate

President would need to sign legislation

Would codify existing production cessation

Would establish federal rounding rules for cash transactions

TBD

Potential Enactment

PROPOSED

If both chambers pass and President signs

Would require passage by both House and Senate

President would need to sign legislation

Would codify existing production cessation

Would establish federal rounding rules for cash transactions

Ongoing

Transition Without Legislation

IN PROGRESS

Current state: Production ended, no federal rounding law

Over 100 billion pennies remain in circulation

Pennies remain legal tender indefinitely

Only non-binding Treasury guidance on rounding exists

States issuing conflicting guidance (at least 10 jurisdictions restrict rounding)

Businesses lack clear federal framework

Ongoing

Transition Without Legislation

IN PROGRESS

Current state: Production ended, no federal rounding law

Over 100 billion pennies remain in circulation

Pennies remain legal tender indefinitely

Only non-binding Treasury guidance on rounding exists

States issuing conflicting guidance (at least 10 jurisdictions restrict rounding)

Businesses lack clear federal framework

Factors That Could Affect This Timeline

LEGISLATIVE PROCESS VARIABLES

Committee scheduling priorities
Congressional calendar and recesses
Competing legislative priorities
Potential amendments to the bill
Filibuster considerations in the Senate

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 progresses through Congress.

Milestone Updates

Get notified as legislation progresses and new milestones are reached.