Make Sense Not Cents Act would prohibit minting 1-cent coins but maintain their legal tender status.
The Make Sense Not Cents Act aims to prohibit the Secretary of the Treasury from minting or issuing 1-cent coins. Despite this prohibition, the bill explicitly states that one-cent coins will remain legal tender for all debts, public and private, public charges, taxes, and duties. The bill includes technical and conforming amendments to various sections of title 31, United States Code, and the Internal Revenue Code of 1986 to reflect the discontinuation of 1-cent coins. It also expresses the sense of Congress that Congress has the sole authority to coin money and regulate currency.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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