CONGRESS FOR VOTERS

RepublicanBill · H.R. 1270· House(119-HR-1270)

To suspend the production of the penny and nickel, to require the Comptroller General of the United States to carry out a study on pennies and nickels, and for other purposes.

Rep. Schweikert
Age: 64 years
Arizona
Introduced
2/12/2025
Last activity
2/12/2025 — Referred to the House Committee on Financial Services.
Sponsored by
David Schweikert
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill seeks to suspend the production of one-cent and five-cent coins for a 10-year period starting upon its enactment. An exception is made to allow the Secretary of the Treasury to continue producing these coins specifically for numismatic collectors. The bill ensures that existing pennies and nickels remains legal tender for all debts, taxes, and duties. Additionally, the Comptroller General is required to conduct a study on the effects of this suspension. This study must be submitted to specific House and Senate committees within three years. The report will evaluate whether production should stay suspended, end permanently, or be reinstated.

Yes· 3 of 5

  • Does this reduce what the federal government spends?+5

    The bill seeks to save taxpayer money by ceasing the production of pennies and nickels for a ten-year period.

  • Does this make the government pay for what it commits to?+3

    The bill aims to reduce government expenditures by stopping the manufacturing of low-value coins.

  • Does this make what the government does easier for the public to see?+2

    The bill mandates a GAO study and report to Congress regarding the impact of the production suspension.

The opposite

  • Would households on low incomes be better off under this?-2

    The suspension may affect how small cash transactions are rounded, potentially impacting those who rely heavily on exact change.