House to vote on bill allowing cash purchases to be rounded to the nearest nickel
The House will consider the bipartisan Common Cents Act, which would let merchants round cash totals to the nearest 5-cent increment when exact change isn’t available.
Legislation known as the Common Cents Act is set for a vote in the House on Monday. The bill would create a national standard for rounding cash transactions to the nearest nickel, addressing the absence of pennies. Purchases ending in 1, 2, 6 or 7 cents could be rounded down, while those ending in 3, 4, 8 or 9 cents would be rounded up. The measure enjoys bipartisan support and aims to simplify cash handling for businesses and consumers alike.
Why it matters
It would standardize cash transactions nationwide, easing payment handling after the penny’s discontinuation.
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