H.R. 1401, the Currency Optimization, Innovation, and National Savings Act of 2025, would suspend U.S. production of pennies for 10 years to save taxpayers money, as the bill argues that enough pennies already exist in circulation and that manufacturing them costs more than their face value. The legislation would halt all regular penny production immediately upon enactment, though the Treasury Department could still mint pennies for coin collectors and numismatic sales, with those sales required to cover their full production costs. Existing pennies would remain legal tender regardless of when they were minted, so the bill would not affect their use in everyday transactions. The bill targets the general taxpaying public as beneficiaries of the cost savings, though the exact dollar savings are not specified in the legislation. There is no specific funding allocated in the bill, as it is designed to reduce rather than increase spending, with the ten-year suspension period beginning upon the bill's enactment.
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