US Congress Advances Common Cents Act to Resolve Post-Penny Cash Rounding Chaos
The US Senate has passed the Common Cents Act, a bipartisan bill that would allow retailers to round cash transactions to the nearest nickel. This follows the US Mint's cessation of penny production in 2025, which caused widespread shortages and operational issues for businesses. While the federal bill moves toward becoming law, many states have already enacted their own rounding rules or issued guidance to address the immediate lack of change.
