Directs the Secretary of the Treasury to stop minting the penny and requires cash transactions to be rounded up or down to the nearest 5 cents.

The bill, known as the "Common Cents Act," mandates the Secretary of the Treasury to cease minting one-cent coins for general circulation while allowing their production for numismatic purposes. It requires cash transactions to be rounded up or down to the nearest 5 cents if exact change cannot be provided. The bill outlines specific rounding rules for transactions ending in certain cents and exempts certain payments, such as those made by demand or negotiable instruments.

Directs the Secretary of the Treasury to stop minting the penny and requires cash transactions to be rounded up or down to the nearest 5 cents.

The bill, known as the "Common Cents Act," mandates the Secretary of the Treasury to cease minting one-cent coins for general circulation while allowing their production for numismatic purposes. It requires cash transactions to be rounded up or down to the nearest 5 cents if exact change cannot be provided. The bill outlines specific rounding rules for transactions ending in certain cents and exempts certain payments, such as those made by demand or negotiable instruments.