Lucas' Penny Bill Passes out of Committee
Washington, DC (July 24th) – President Trump's call to eliminate production of the penny took a major step forward with the passage of Congressman Frank D. Lucas' legislation – the MINT Act – passing out of the Financial Services Committee. The legislation passed as part of the Common Cents Act authored by House Conference Chair Lisa McClain (R-MI), whose bill text was replaced by the MINT Act.
The Modernize and Improve our National Tender (MINT) Act would cease the production of the penny while ensuring that every penny still in circulation remains as legal tender. It would also allow the Mint to produce the nickel with nickel-plated zinc, giving greater flexibility to producer cheaper coins.