Directs the Treasury to stop minting one-cent coins for circulation and lets cash sales be rounded to the nearest 5 cents when exact change is not available.

• Ends production of one-cent coins for general circulation while pennies already issued stay legal tender and the Mint may still produce them for sale as collectibles.
• Allows sellers and financial institutions to round cash transactions to the nearest 5 cents when exact change cannot be provided, but does not require rounding and excludes card, check, and electronic payments.
• Permits a 5-cent coin with a zinc inner layer and nickel outer layer, and requires the Federal Reserve to report on a plan to keep penny supply stable.
• Requires 60 days' notice to Congress before the Treasury discontinues minting any other circulating coin, and states that rounding does not excuse violations of minimum wage, overtime, or paid leave laws.

• Financial Services Committee (House)
• Banking, Housing, and Urban Affairs Committee (Senate)

Finance and Financial Sector