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
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
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
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
Committee report (H. Rept. 119-235) filed September 4, 2025
July 23, 2025
House Committee Passes Bill
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
Committee report (H. Rept. 119-235) filed September 4, 2025
November 12, 2025
Penny Production Ends
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
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
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
January – March 2026
Pennies Start Flowing Again
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
With Congress stalled, states wrote their own rules — 20 laws enacted
25 states and territories now have rounding legislation; 20 laws are enacted
Arizona enacted the only mandatory rounding law — everywhere else it's voluntary
Hawaii enacted its rounding law (Act 159, June 2026); bills still await governors in Missouri and New York
Puerto Rico filed the first territorial rounding bill (P. del S. 1288)
Spring 2026
State Rounding Laws Sweep the Country
With Congress stalled, states wrote their own rules — 20 laws enacted
25 states and territories now have rounding legislation; 20 laws are enacted
Arizona enacted the only mandatory rounding law — everywhere else it's voluntary
Hawaii enacted its rounding law (Act 159, June 2026); bills still await governors in Missouri and New York
Puerto Rico filed the first territorial rounding bill (P. del S. 1288)
June 2026 – January 2027
State Laws Take Effect
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
June 2026 – January 2027
State Laws Take Effect
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
July 14, 2026
H.R.3074 Passes the House
Approved by voice vote under fast-track rules — its first floor action since 2025 — and now headed to the Senate
Passed the House July 14, 2026 by voice vote under suspension of the rules (limited debate, no amendments, two-thirds threshold)
The substitute that passed restores cash rounding — but as a permissive, opt-in scheme (title changed from "require" to "permit")
Adds Federal Reserve reporting on penny supply and gives Treasury the option to test a redesigned, lower-cost nickel
Now heads to the Senate; the S.1525 companion is still in Senate Banking Committee, no hearing held
July 14, 2026
H.R.3074 Passes the House
Approved by voice vote under fast-track rules — its first floor action since 2025 — and now headed to the Senate
Passed the House July 14, 2026 by voice vote under suspension of the rules (limited debate, no amendments, two-thirds threshold)
The substitute that passed restores cash rounding — but as a permissive, opt-in scheme (title changed from "require" to "permit")
Adds Federal Reserve reporting on penny supply and gives Treasury the option to test a redesigned, lower-cost nickel
Now heads to the Senate; the S.1525 companion is still in Senate Banking Committee, no hearing held
Up next
Senate Consideration
The House-passed bill moves to the Senate — its next hurdle
After House passage on July 14, 2026, H.R.3074 goes to the Senate
The companion bill, S.1525, remains in the Senate Banking Committee with no hearing scheduled
The Senate could take up the House-passed text or advance its own companion
No Senate vote has been scheduled yet — this step is not yet complete
Up next
Senate Consideration
The House-passed bill moves to the Senate — its next hurdle
After House passage on July 14, 2026, H.R.3074 goes to the Senate
The companion bill, S.1525, remains in the Senate Banking Committee with no hearing scheduled
The Senate could take up the House-passed text or advance its own companion
No Senate vote has been scheduled yet — this step is not yet complete
Pending
President's Signature & Enactment
The final step before the Common Cents Act becomes federal law
Both chambers must pass identical text before the bill can be presented to the President
The President would then sign it, let it become law without signature, or veto it
Enactment would codify the end of penny production and a nationwide opt-in rounding framework
Until then, rounding stays governed by state law and non-binding Treasury guidance
Pending
President's Signature & Enactment
The final step before the Common Cents Act becomes federal law
Both chambers must pass identical text before the bill can be presented to the President
The President would then sign it, let it become law without signature, or veto it
Enactment would codify the end of penny production and a nationwide opt-in rounding framework
Until then, rounding stays governed by state law and non-binding Treasury guidance
Ongoing
Transition Without Federal Legislation
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
Ongoing
Transition Without Federal Legislation
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.