Bill > HR1401

This bill, known as the Currency Optimization, Innovation, and National Savings Act of 2025, proposes to suspend the production of one-cent coins (pennies) for a 10-year period, with some important nuanced provisions. The bill asserts that the United States has already minted sufficient pennies to meet current demand, and that continuing to produce these coins results in financial losses for taxpayers. Under the proposed legislation, the Secretary of the Treasury would be required to halt new penny production, with one key exception: a limited number of pennies could still be minted to meet the needs of coin collectors (numismatists). These collector pennies would be sold at a price that fully covers their production costs, including both variable and fixed expenses. Importantly, the bill emphasizes that this production suspension does not change the legal status of existing pennies, which would remain valid legal tender for all financial transactions, regardless of their minting date. The underlying rationale is economic efficiency, suggesting that the cost of producing pennies exceeds their monetary value and that the current penny supply is adequate for national needs.

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https://www.congress.gov/bill/119th-congress/house-bill/1401/all-info