,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cjgd  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bi1          
#bjbe,mrs4 ,mc,clain 7for herself and   
,mr4 ,garcia of ,california7 introduced 
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to direct the    
,secretary of the ,treasury to stop     
minting the penny1 to require cash      
transactions to be rounded up or down to
 the nearest five cents1 and for other  
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,common ,cents ,act4
  #b4 ,elimination of production of     
one-cent coin  7a7 ,elimination ,not    
later than #a year after the date of    
enactment of this ,act1 except as       
provided in subsection 7b7 and          
notwithstanding any other provision of  
law 7including section #eaab7;a77#f7 of 
title #ca1 ,united ,states ,code71 the  
,secretary of the ,treasury shall cease 
production of one-cent coins4  7b7      
,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 the one-cent   
coin4  7#b7 ,sale ,any one-cent coin    
produced under this subsection shall be 
sold in accordance with section         
#eacb7;a7 of title #ca ,united ,states  
,code1 and any other provisions of law  
governing numismatic coins4  7#c7  ,net 
,receipts  ,the net receipts from the   
sale of any one-cent coin produced under
 this subsection shall equal or exceed  
the total cost of production1 including 
variable costs and the appropriate share
 of fixed costs of production1 as       
determined by the ,secretary of the     
,treasury4  7c7 ,no effect on legal     
tender ,all coins and currencies of the 
,united ,states1 regardless of when     
coined1 printed1 or issued1 and         
including one-cent coins1 shall continue
 to be legal tender for all debts1      
public and private1 public charges1     
taxes1 duties1 and dues1 in accordance  

with law4  #c4 ,cash transaction        
rounding  7a7 ,in general               
,notwithstanding any other provision of 
law1 any person selling goods or        
services in a cash transaction1 entering
 into any other transaction that results
 in a payment or transfer of cash       
between the parties to the transaction1 
or paying cash wages to an employee as  
compensation1 shall round the payment in
 the following manner3  7#a7 ,rounding  
down ,in any case in which the total    
transaction amount1 including any taxes1
 ends with #a cent1 #b cents1 #f cents1 
or #g cents as the final digit1 the     
amount of cents in the sum shall be     
rounded down to the nearest amount      
divisible by #e for any person seeking  
to make payment with legal tender4  7#b7
 ,rounding up ,in any case in which the 
total transaction amount1 including any 
taxes1 ends with #c cents1 #d cents1 #h 
cents1 or #i cents as the final digit1  
the amount of cents in the sum shall be 
rounded up to the nearest amount        

divisible by #e for any person seeking  
to make payment with legal tender4  7b7 
,exception ,subsection 7a7 shall not    
apply to-- 7#a7 transactions in which   
the total transaction amount1 including 
any taxes1 totals #j4ja or #j4jb1 where 
such transactions shall be rounded up to
 4#je for any person seeking to make    
payment with legal tender2 or  7#b7 any 
transaction for which payment is made by
 any demand or negotiable instrument1   
electronic fund transfer1 check1 gift   
card1 money order1 credit card1 or other
 like instrument or method4  7c7        
,effective date ,this section shall take
 effect #a year after the date of       
enactment of this ,act4