PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Financial Services.
Congressional Research Service
No official summary is available in the imported record yet.
People & committees
Rep. Biggs, Andy [R-AZ-5] · R–AZ
Legislative record
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Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jun 25, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
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Analyze H.R.1401 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.1401 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.1401 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.1401 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.
PlainBill explanation
Based on the full Introduced in House · 2025-02-18 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
H.R. 1401 would stop production of new pennies for 10 years after enactment, except for coins made for collectors. People could continue using pennies regardless of when they were made. The Treasury would continue producing collector pennies as appropriate, with net sales receipts required to cover their full production costs. These are proposed changes, not evidence of an enacted 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.
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.
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.
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.
Section 1 gives the proposal the short title “Currency Optimization, Innovation, and National Savings Act of 2025.”
This Act may be cited as the Currency Optimization, Innovation, and National Savings Act of 2025.
The proposal states Congress's view that enough pennies already exist, producing more loses taxpayer money, and further production is unnecessary for a decade. These are statements of legislative judgment; the supplied text does not establish actual savings or future demand.
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.
The Treasury Secretary would have to stop producing new pennies for the 10 years beginning on enactment, even if another law otherwise required production. The collector exception would remain available during that period.
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.
The Treasury Secretary would have to continue producing pennies as appropriate solely for coin collectors. Those coins would be sold under the general rules governing collector coins. Net sales receipts would have to equal production costs, including costs that vary with production and an appropriate share of fixed costs, as determined by the Secretary.
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.
The one-cent coins produced under paragraph (1) shall be sold in accordance with other general provisions governing numismatic coins.
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.
Pennies would remain legal tender—legally recognized money for paying public and private debts, government charges, taxes, and duties—regardless of when they were minted or issued.
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.
The supplied official-actions snapshot, updated June 25, 2025, records introduction in the House and referral to the House Committee on Financial Services on February 18, 2025.
Source snapshot updated 2025-06-25T16:27:14Z. 2025-02-18: Referred to the House Committee on Financial Services. 2025-02-18: Introduced in House
A closer look
Reviewed version: Introduced in House · 2025-02-18. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion does not extend to other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion does not establish absence in other versions or accompanying materials.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
Findings to examine
The supplied introduced text contains a narrow exception to its main production restriction. Classification identifies special treatment, not a judgment about its justification.
Coin collectors would receive an express exception to the 10-year penny-production suspension: Treasury would continue producing pennies as appropriate solely for their needs. This directly qualifies the bill's main policy. The exception requires net sales receipts to cover total production costs, so the text does not establish a subsidy.
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.
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.
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.
Full text preserved for this analysis. Legislative record snapshot: Jun 25, 2025. How PlainBill uses AI