Bill > S1554

This bill, named the "Make Sense Not Cents Act," seeks to prohibit the Secretary of the Treasury from minting or issuing 1-cent coins (pennies) while explicitly maintaining their status as legal tender. The bill includes a statement affirming Congress's constitutional authority to coin money and regulate currency. It proposes technical amendments to multiple sections of Title 31 of the United States Code, which governs money and finance, by removing references to 1-cent coins and adjusting related paragraph numbering. Additionally, the bill modifies a section of the Internal Revenue Code to align with the removal of penny-related provisions. Importantly, the legislation emphasizes that existing one-cent coins will remain legal tender for all financial transactions, including public and private debts, taxes, and duties, regardless of when they were minted. This proposed change reflects ongoing discussions about the cost-effectiveness of producing pennies, which often cost more to manufacture than their face value.

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https://www.congress.gov/bill/119th-congress/senate-bill/1554/all-info