Skip to content
CommonCentsAct.com
U.S. Capitol Building
LEGISLATIVE TIMELINE

Timeline: The Common Cents Act

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

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.

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
Committee version removed the bill's cash-rounding provisions
Bill advances to House floor, placed on Union Calendar No. 192
No floor action since the committee report was filed September 4, 2025
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 – March 2026

Pennies Start Flowing Again

COMPLETED

Federal Reserve resumes penny deposits and orders

Fed resumed accepting penny deposits from banks January 14, 2026
Fed resumed fulfilling bank penny orders March 23, 2026
Eased the retailer coin shortages reported in late 2025
Existing pennies remain legal tender indefinitely
Spring 2026

State Rounding Laws Sweep the Country

IN PROGRESS

With Congress stalled, states wrote their own rules — 17 laws enacted

24 states and territories now have rounding legislation; 17 laws are enacted
Arizona enacted the only mandatory rounding law — everywhere else it's voluntary
Bills awaiting governors in Hawaii, Missouri, and New York
Puerto Rico filed the first territorial rounding bill (P. del S. 1288)
June 2026 – January 2027

State Laws Take Effect

IN PROGRESS

Effective dates roll in across the country

Washington: June 11, 2026
Idaho, Virginia, and New Mexico: July 1, 2026
Oklahoma (government payments): November 1, 2026
Connecticut: January 1, 2027
Stalled

Federal Bills Await Action

SCHEDULED

No congressional movement since September 2025

H.R.3074: no House floor vote scheduled as of June 2026
S.1525: still in Senate Banking Committee, no hearing held
House committee version would codify production cessation only — its rounding rules were removed
If enacted as reported, rounding would remain a state-by-state matter
Ongoing

Transition Without Federal Legislation

IN PROGRESS

Production ended; a state-law patchwork governs rounding

Over 100 billion pennies remain in circulation and legal tender
Treasury rounding guidance remains non-binding
18 jurisdictions also have cash-acceptance laws
Businesses operating across states face differing rules — check each state

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.

No spam. Unsubscribe anytime. Privacy policy here.