Penny Phaseout Clears Senate as Congress Considers Nickel and Cash-Rounding Rules
TL;DR Summary
Senators approved the Common Cents Act, paving the way to end penny production (final minting in 2025) and to allow retailers to round cash transactions to the nearest five cents when exact change isn’t available, while keeping electronic payments exact; the nickel could be next, though a separate bill to suspend nickel production remains stalled in the House.
- First the penny, now the nickel: Congress moves closer to making big changes with the money in your pocket The Independent
- Senate passes bill that could change nickels and how you pay with cash The Hill
- Walmart shoppers could be charged more at checkout under ‘3-4-8-9’ rule the-sun.com
- NGA Supports Senate Passage of Common Cents Act; Stephanie Johnson Comments Deli Market News
- States Respond to Penny Pinching with Rounding Legislation Holland & Knight
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