This legislation, titled the Currency Optimization, Innovation, and National Savings Act of 2025, seeks to save taxpayer money by implementing a 10-year suspension on the production of new one-cent coins. Congress believes that enough pennies have already been minted to meet demand and that taxpayers currently lose money on their production, making further minting unnecessary for the next decade. An exception allows for the continued production of one-cent coins specifically for numismatic collectors , with sales designed to cover the total cost of their production. Importantly, the bill clarifies that all one-cent coins, regardless of their minting date, will continue to be recognized as legal tender for all debts and public charges.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Currency Optimization, Innovation, and National Savings Act of 2025
USA119th CongressHR-1401| House
| Updated: 2/18/2025
This legislation, titled the Currency Optimization, Innovation, and National Savings Act of 2025, seeks to save taxpayer money by implementing a 10-year suspension on the production of new one-cent coins. Congress believes that enough pennies have already been minted to meet demand and that taxpayers currently lose money on their production, making further minting unnecessary for the next decade. An exception allows for the continued production of one-cent coins specifically for numismatic collectors , with sales designed to cover the total cost of their production. Importantly, the bill clarifies that all one-cent coins, regardless of their minting date, will continue to be recognized as legal tender for all debts and public charges.