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Penny Phase-Out Gets Legal Clarity | Sacramento News
Description
The House just passed the Common Cents Act — a game-changer for cash transactions as we phase out the penny. It lets businesses round purchases to the nearest nickel, ending legal headaches over missing pennies and giving small businesses protection from lawsuits. While the Treasury will stop minting pennies after November 2025, existing coins still hold value. For cash users — about 25% of Americans — this means smoother, fairer transactions, and for restaurants and retailers, a much-needed reprieve from penny-related losses.
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