The Common Cents Act stops the minting of one-cent coins and requires rounding cash transactions to the nearest five cents.
The Common Cents Act directs the Secretary of the Treasury to cease production of one-cent coins within a year of enactment, except for numismatic purposes. It mandates rounding cash transactions to the nearest five cents, rounding down for amounts ending in 1, 2, 6, or 7 cents and rounding up for amounts ending in 3, 4, 8, or 9 cents. The act also specifies that one-cent coins will remain legal tender.
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