NGA Supports Common Cents Act Passage in U.S. House
The U.S. House has passed the Common Cents Act, allowing retailers to round cash transactions to the nearest nickel. This legislation follows the cessation of penny production and aims to provide clarity and protection for retailers amid ongoing coin shortages.
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The Common Cents Act has been approved by the U.S. House of Representatives, enabling retailers to round cash transactions to the nearest nickel. This legislative move arises from the U.S.
Mint's decision to end penny production in 2025, alongside reported coin shortages by Federal Reserve distribution sites. The National Grocers Association (NGA) advocates for this legislation, which offers legal clarity for businesses facing difficulties in providing exact change.
The act was sponsored by Rep. Lisa McClain and Rep. Robert Garcia, addressing the need for efficient and fair customer service.
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