The U.S. House of Representatives voted unanimously Monday, Sept. 14, to pass the Common Cents Act – legislation that would permanently halt production of the penny and require cash transactions to round to the nearest nickel, according to 100PercentFedUp.com [1]. The bill passed with bipartisan support. Under the measure, the U.S. Treasury would be blocked from minting any more pennies for general circulation, with an exception for collector coins. Pennies already in circulation would remain legal tender, according to the report [1]. The bill also would allow the U.S. Mint to produce nickels from cheaper materials, a provision aimed at reducing…
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