,i #aaith ,,congress #ast ,session ,h4 ,r4 #adja ,,in ,,the ,,house ,,of ,,representatives ,february #ah1 #bjbe,mr4 ,biggs of ,arizona 7for himself1 ,mr4 ,ciscomani1 ,mr4 ,moore of ,alabama1 ,mr4 ,weber of ,texas1 and ,ms4 ,boebert7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to save taxpayers money by improving the manufacturing and distribution of coins1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,currency ,optimization1 ,innovation1 and ,national ,savings ,act of #bjbe4 #b4 ,saving taxpayers money by suspending production of the penny 7a7 ,sense of ,congress ,it is the sense of the ,congress that-- 7#a7 sufficient one-cent coins have already been minted to meet demand2 7#b7 taxpayers have been and would continue to lose money producing the one-cent coin2 and 7#c7 further production of the one-cent coin is not necessary for the next decade4 7b7 ,temporary suspension of production of the one-,cent coin ,except as provided in subsection 7c7 and notwithstanding any other provision of law1 the ,secretary of the ,treasury shall cease production of any new one-cent coins for the #aj-year period beginning on the date of enactment of this ,act4 7c7 ,exception 7#a7 ,in general ,the ,secretary of the ,treasury shall continue to produce one-cent coins as appropriate solely to meet the needs of numismatic collectors of that denomination4 7#b7 ,sale ,the one-cent coins produced under paragraph 7#a7 shall be sold in accordance with other general provisions governing numismatic coins4 7#c7 ,net receipts ,the net receipts from the sale of one-cent coins produced under this exception shall equal the total cost of production1 including variable costs and the appropriate share of fix costs of production1 as determined by the ,secretary of the ,treasury4 7d7 ,no effect on legal tender ,notwithstanding any other provision of this section1 one-cent coins are legal tender in the ,united ,states for all debts1 public and private1 public charges1 taxes1 and duties1 regardless of the date of minting or issue4