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Common Cents bill
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- 1Senate passes bill to phase out the penny●Senate passes Common Cents bill The measure to provide merchants a cash rounding framework, and to formally phase out th
The US Senate has passed the Common Cents bill, legislation that establishes a cash rounding framework for merchants and formally ends production of the penny. The measure now heads to the White House for consideration. Observers in banking and payments circles are tracking its implications for cash transactions and pricing.
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The United States Senate has passed the Common Cents bill, according to Retail Dive. The measure's details, including what it changes and its path in the House, have not been specified in available reports. Attention now turns to what the legislation would mean for retailers and consumers.