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Currency Optimization, Innovation, and National Savings Act of 2025
To save taxpayers money by improving the manufacturing and distribution of coins, and for other purposes.
Summary
This bill would temporarily suspend the production of new one-cent coins (pennies) for ten years beginning on the date of enactment to save taxpayer money. The only exception would allow the Secretary of Treasury to continue producing one-cent coins for numismatic collectors, with the sale proceeds covering the full cost of production. All existing one-cent coins would continue to be legal tender in the United States for all debts and transactions regardless of when they were minted. The bill reflects a congressional finding that sufficient pennies have already been minted to meet demand and that further production wastes taxpayer funds.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Biggs, Andy [R-AZ-5] (R-AZ)
5 cosponsors
Money behind the sponsor
Top reported contributors to Andy Biggs’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SAULSBURY INDUSTRIES $9,900
- 21ST CENTURY HEALTHCARE $7,500
- ULINE $6,600
- TW LEWIS COMPANY $6,600
- LEE BENSON $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Andy Biggs → · Outside spending →
Actions (2)
- Feb 18, 2025 Referred to the House Committee on Financial Services. · house
- Feb 18, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 18, 2025
Mr. Biggs of Arizona (for himself, Mr. Ciscomani, Mr. Moore of Alabama, Mr. Weber of 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 Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Currency Optimization, Innovation, and National Savings Act of 2025”.
SEC. 2. SAVING TAXPAYERS MONEY BY SUSPENDING PRODUCTION OF THE PENNY.
(a) Sense of Congress.—It is the sense of the Congress that—
(1) sufficient one-cent coins have already been minted to meet demand;
(2) taxpayers have been and would continue to lose money producing the one-cent coin; and
(3) further production of the one-cent coin is not necessary for the next decade.
(b) Temporary Suspension of Production of the One-Cent Coin.— Except as provided in subsection (c) and notwithstanding any other provision of law, the Secretary of the Treasury shall cease production of any new one-cent coins for the 10-year period beginning on the date of enactment of this Act.
(c) Exception.—
(1) In general.—The Secretary of the Treasury shall continue to produce one-cent coins as appropriate solely to meet the needs of numismatic collectors of that denomination.
(2) Sale.—The one-cent coins produced under paragraph (1) shall be sold in accordance with other general provisions governing numismatic coins.
(3) Net receipts.—The net receipts from the sale of one- cent coins produced under this exception shall equal the total cost of production, including variable costs and the appropriate share of fix costs of production, as determined by the Secretary of the Treasury.
(d) No Effect on Legal Tender.—Notwithstanding any other provision of this section, one-cent coins are legal tender in the United States for all debts, public and private, public charges, taxes, and duties, regardless of the date of minting or issue. <all>
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