Legis Daily

Currency Optimization, Innovation, and National Savings Act of 2025

USA119th CongressHR-1401| House 
| Updated: 2/18/2025
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Cosponsors (5)
Sheri Biggs (Republican)Barry Moore (Republican)Lauren Boebert (Republican)Juan Ciscomani (Republican)Randy K. Sr. Weber (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 18, 2025
Introduced in House
Feb 18, 2025
Referred to the House Committee on Financial Services.
  • February 18, 2025
    Introduced in House


  • February 18, 2025
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 18, 2025
Introduced in House
Feb 18, 2025
Referred to the House Committee on Financial Services.
  • February 18, 2025
    Introduced in House


  • February 18, 2025
    Referred to the House Committee on Financial Services.
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Cosponsors (5)
Sheri Biggs (Republican)Barry Moore (Republican)Lauren Boebert (Republican)Juan Ciscomani (Republican)Randy K. Sr. Weber (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted