House Passes Revised Version of Common Cents Act
ABA Banking Journal
"The House yesterday passed a revised version of legislation to officially end penny production and provide a framework for cash rounding when exact change cannot be provided. The version passed yesterday includes new language requiring the Treasury Department to give Congress 60 days’ advance notice before discontinuing any circulating coin. It also allows the Treasury Secretary to explore a new metals composition for nickel manufacturing to save costs. The legislation now heads to the Senate."
