Chairwoman Lisa McClain, a U.S. Representative from Michigan, announced on July 23 that her bill, the Common Cents Act, passed the House Financial Services Committee by a vote of 35-13. She emphasized this committee approval as a major step forward in eliminating penny production to save taxpayer dollars, noting the inefficiency of continued penny production.
Chairwoman Lisa McClain, a U.S. Congresswoman representing Michigan's 9th district since 2021, shared updates on legislative and trade developments through her official Twitter account on July 23, 2025.
Major Trade Agreements Highlighted
In a post published at 14:26 UTC, McClain highlighted recent trade agreements facilitated by President Trump. She wrote, "Yesterday marked the LARGEST day in trade history thanks to President Trump! @POTUS secured historic trade deals with Japan, Indonesia, and the Philippines. He is opening up trade for U.S. exports of ag products, autos, and much more!"
Legislative Efforts on Currency Production Costs
Later that day at 16:45 UTC, McClain addressed her legislative efforts regarding currency production costs. She stated, "It doesn't make sense to keep producing pennies. Watch my remarks during a House @FinancialCmte hearing marking up my bill the Common Cents Act."
House Committee Passes Common Cents Act
At 17:42 UTC on the same day, she announced the committee passage of her proposed legislation. She said, "Proud to see my bill the Common Cents Act, which would save taxpayer dollars by eliminating penny production, pass out of the House @FinancialCmte."
The House Financial Services Committee passed the bill by a vote of 35-13, marking a significant milestone in the legislative process. The bill now advances to the House floor for consideration by all 435 Representatives.
Background on Lisa McClain
McClain has represented Michigan's 9th District in Congress since replacing Paul Mitchell in 2021. Born in Stockbridge in 1966 and currently residing in Bruce, she graduated from Northwood University with a Bachelor of Business Administration in 1997.