I 
119TH CONGRESS 
1ST SESSION H. R. 1270 
To suspend the production of the penny and nickel, to require the Comptroller 
General of the United States to carry out a study on pennies and 
nickels, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 12, 2025 
Mr. SCHWEIKERT introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To suspend the production of the penny and nickel, to re-
quire the Comptroller General of the United States to 
carry out a study on pennies and nickels, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SAVING TAXPAYERS MONEY BY SUSPENDING 
PRODUCTION OF THE PENNY AND NICKEL. 
(a) TEMPORARY SUSPENSION OF PRODUCTION.—Ex-
cept as provided in subsection (b) and notwithstanding 
any other provision of law, the Secretary of the Treasury 
shall cease production of one-cent and five-cent coins dur-
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ing the 10-year period beginning on the date of enactment 
of this Act. 
(b) EXCEPTION.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury shall continue to produce one-cent and five-cent 
coins as appropriate solely to meet the needs of nu-
mismatic collectors of that denomination. 
(2) SALE.—The coins produced under para-
graph (1) shall be sold in accordance with other gen-
eral provisions governing numismatic coins (as op-
posed to circulating coins). 
(3) NET RECEIPTS.—The net receipts from the 
sale of one-cent and five-cent coins produced under 
this subsection shall equal the total cost of produc-
tion, including variable costs and the appropriate 
share of fix costs of production, of the one-cent and 
five-cent coins, respectively, as determined by the 
Secretary of the Treasury. 
(c) NO EFFECT
ON LEGAL TENDER.—Notwith-
standing any other provision of this section, one-cent and 
five-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. 
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SEC. 2. GAO STUDY ON THE EFFECTS OF THE SUSPENSION 
OF PRODUCTION OF THE PENNY AND NICK-
EL. 
Not later than 3 years after the date of enactment 
of this Act, the Comptroller General of the United States, 
in consultation with the Secretary of the Treasury, Direc-
tor of the United States Mint, and the Commissioner of 
the Internal Revenue Service, shall— 
(1) study the effect of the suspension of produc-
tion of the one-cent and five-cent coins under this 
Act; and 
(2) submit to the Committee on the Budget and 
the Committee on Banking, Housing, and Urban Af-
fairs of the Senate and the Committee on the Budg-
et and the Committee on Financial Services of the 
House of Representatives a report— 
(A) on whether production should remain 
suspended, be permanently ended, or be rein-
stated; and 
(B) that considers— 
(i) the net savings from the suspen-
sion of production of the one-cent and five- 
cent coins; and 
(ii) the effect of rounding cash pur-
chases up or down to the nearest ten-cents. 
Æ 
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