S. 1525
Stops minting pennies and rounds cash to 5 cents
Ends new pennies for general use, requires cash payments to round to the nearest 5 cents, keeps pennies as legal tender, and lets the nickel use different materials.
- Treasury must stop making pennies for general circulation, except to meet collector needs
- Cash payments, transfers, and cash wages must be rounded to the nearest 5 cents
- Pennies would remain legal tender
- The nickel could be made with a zinc core and a nickel outer layer
Passed the Senate · House's turn