PORTLAND, Ore. (KOIN) – Senator Jeff Merkley (D-OR) introduced a bipartisan bill alongside Sen. Mike Lee (R-UT) on Thursday that would end penny production in the United States in an effort to slash ...

Two U.S. representatives introduced legislation this week to end the production of pennies. The legislation calls for rounding cash transactions to the nearest five cents. A report from the Treasury ...

The Common Cents Act allows optional rounding and would require it by 2027 following the declining use of the penny.

The 'Common Cents Act' has successfully passed a pivotal vote in the House Financial Services Committee, marking a significant move towards ending the production of pennies. On July 23, the committee ...

The recent passage of the 'Common Cents Act' in the House Financial Services Committee marks a significant shift in U.S. monetary policy. With a decisive 35 to 13 vote, the committee has taken a bold ...