Currency Optimization, Innovation, and National Savings Act of 2025

United States119th CongressHR-1401House of Representatives
Updated: Feb 18, 2025

Summary

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Financial Services.

    House of Representatives

  2. Introduced in House

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