In CommitteeFiled Aug 27, 2026
Sponsor: Rep. McClain, Lisa C. [R-MI-9] (R)
Latest Action
Referred to the House Committee on Financial Services.
Aug 27, 2026
Summary
The bill directs the Treasury Secretary to cease minting the one‑cent coin and requires that any cash payment be rounded up or down to the nearest five‑cent amount. It would affect consumers, merchants, and the Treasury by eliminating the penny and simplifying cash transactions, aiming to reduce the cost of producing and handling the coin.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 10167 changes status, plus AI-powered summaries and stage predictions.
Sign up free