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Aug 13, 2026

President Trump Walks Out with 100-0 Senate Vote — Schumer Caves! 1

The U.S. Senate showed a rare display of bipartisanship this week that does not happen often.

The Senate approved the Common Cents Act by unanimous consent, a practical measure that formally ends production of the money-losing penny and gives the Treasury Department authority to develop a cheaper nickel.

The move, many argue, could save taxpayers millions while simplifying everyday cash purchases for American consumers and small businesses.

The Senate legislation, S. 1525, advanced by unanimous consent after a matching House version, H.R. 3074, had previously passed the House by voice vote.

It targets three long-standing problems with U.S. coinage that have quietly drained public resources and created headaches at checkout counters nationwide.

First, the bill officially terminates the minting of circulating pennies.

The U.S. Mint already produced its final one-cent coins for general circulation last year, while special collectible versions marking America’s 250th anniversary became available in annual sets earlier this year.

Under the measure, the Federal Reserve would be required to develop a strategic plan and issue reports aimed at limiting remaining penny-supply disruptions and maintaining stability in the coin-distribution system.

Existing pennies stay fully legal tender—Americans still hold an estimated 300 billion of them, or more than 800 per person—so no one loses the value of coins already in their pockets, jars, or couches.

The second major provision addresses the real-world confusion that has grown since pennies stopped flowing to retailers.

Businesses would gain the clear legal option to round cash transactions to the nearest nickel when exact change cannot be provided.

A purchase totaling $19.82 would round down to $19.80, while $19.83 would round up to $19.85.

This voluntary approach applies only to cash transactions, leaving credit cards, mobile payments, checks and similar non-cash methods unaffected.

Advocates note that some states and localities currently restrict the practice, creating a patchwork of rules that frustrates both store owners and customers.

The Common Cents Act would protect businesses that follow its cash-rounding provisions from being found in violation of conflicting state, tribal or local requirements.

Perhaps most important for fiscal conservatives, the legislation tackles the chronically unprofitable nickel.

Producing a single five-cent coin cost taxpayers 13.31 cents in fiscal year 2025—down only slightly from 13.78 cents the year before.

That marks two full decades of the government losing money on every nickel it strikes. The coin is roughly 75 percent copper, and rising metal prices have driven the losses, just as they once did for the penny.

The bill empowers the Treasury to test and evaluate a more affordable alternative composition. Both the House and Senate versions allow a five-cent coin with an inner layer of zinc and an outer layer of nickel, subject to testing and evaluation showing that it reduces production costs and, to the greatest extent practicable, has a minimal adverse impact on machines designed to accept coins.

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