Payment Radar
House passes Common Cents bill that would end penny production and allow cash rounding
The U.S. House of Representatives passed the Common Cents Act on Monday, September 14, 2026, Payments Dive reported on September 16.
Payment RadarOriginal source: Payments Dive · linked publisher media; native reuse rights require confirmation 
What changed
Correction (October 2026): An earlier version of this story described the Common Cents Act as if it were already law and repeated the same paragraph in several sections. The House passed the bill on September 14, 2026; it is not law until it is signed by the President. The story was also dated September 19, 2026; the source report was published on September 16, 2026. A later update corrected a statement that the source gave no timing for the next Senate vote; the source said a retail trade group expected it the following week.
The House passed its version of the Common Cents Act, the second time it has passed such legislation. It had to vote again after the Senate added an amendment by Sen. Elizabeth Warren that requires the Treasury Department to notify Congress of any future currency discontinuation, along with a transition plan, according to two retail trade associations cited by Payments Dive.
Why a business should care
Payment Radar’s view: if the bill becomes law, businesses that take cash would have explicit authority to round to the nearest five cents when exact change is not available. The U.S. Mint has already stopped producing pennies; the Treasury estimated $56 million in savings from ending penny production.
Who it affects
U.S. businesses that accept cash.
What to consider doing
Payment Radar’s view: no change is required yet. Businesses that take cash can decide in advance how rounding would appear on receipts and how staff would explain it, and watch for the President’s signature before changing procedures.
Uncertainty and risks
Timing was uncertain when the source was published: NACS, a retail trade group, expected the Senate to vote again the following week, and no date was given for the President’s signature.
Comments