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Senate passes Common Cents bill

The measure to provide merchants a cash rounding framework and to formally phase out the penny now heads to the White House.

  • The Common Cents Act, which gives merchants a legal framework for rounding to the nearest nickel amid a dearth of pennies, passed the Senate on Monday night and heads to President Donald Trump.
  • The bipartisan bill — which also formally ends U.S. Mint production of the penny — represents a victory for merchants that had sought federal guidance on how to more efficiently handle cash transactions as pennies gradually fade from circulation. The measure doesn’t apply to electronic transactions.

Senate passes Common Cents bill | Retail Dive

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