I
119THCONGRESS
1
STSESSION H. R. 1401
To save taxpayers money by improving the manufacturing and distribution
of coins, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY18, 2025
Mr. B
IGGSof Arizona (for himself, Mr. CISCOMANI, Mr. MOOREof Alabama,
Mr. W
EBERof Texas, and Ms. BOEBERT) introduced the following bill;
which was referred to the Committee on Financial Services
A BILL
To save taxpayers money by improving the manufacturing
and distribution of coins, and for other purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Currency Optimiza-4
tion, Innovation, and National Savings Act of 2025’’. 5
SEC. 2. SAVING TAXPAYERS MONEY BY SUSPENDING PRO-6
DUCTION OF THE PENNY. 7
(a) S
ENSE OFCONGRESS.—It is the sense of the Con-8
gress that— 9
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(1) sufficient one-cent coins have already been 1
minted to meet demand; 2
(2) taxpayers have been and would continue to 3
lose money producing the one-cent coin; and 4
(3) further production of the one-cent coin is 5
not necessary for the next decade. 6
(b) T
EMPORARYSUSPENSION OF PRODUCTION OF 7
THEONE-CENTCOIN.—Except as provided in subsection 8
(c) and notwithstanding any other provision of law, the 9
Secretary of the Treasury shall cease production of any 10
new one-cent coins for the 10-year period beginning on 11
the date of enactment of this Act. 12
(c) E
XCEPTION.— 13
(1) I
N GENERAL.—The Secretary of the Treas-14
ury shall continue to produce one-cent coins as ap-15
propriate solely to meet the needs of numismatic col-16
lectors of that denomination. 17
(2) S
ALE.—The one-cent coins produced under 18
paragraph (1) shall be sold in accordance with other 19
general provisions governing numismatic coins. 20
(3) N
ET RECEIPTS.—The net receipts from the 21
sale of one-cent coins produced under this exception 22
shall equal the total cost of production, including 23
variable costs and the appropriate share of fix costs 24
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of production, as determined by the Secretary of the 1
Treasury. 2
(d) N
OEFFECT ON LEGALTENDER.—Notwith-3
standing any other provision of this section, one-cent coins 4
are legal tender in the United States for all debts, public 5
and private, public charges, taxes, and duties, regardless 6
of the date of minting or issue. 7
Æ
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