H.R. 10167 proposes to end the production of the penny by directing the Secretary of the Treasury to stop minting it. Additionally, it requires that cash transactions be rounded to the nearest 5 cents, meaning prices would be rounded up or down based on the final amount due in cash.
H.R. 10167 was introduced in the 119th Congress by Lisa McClain (Republican) and is currently listed as “Passed Both Chambers”. It is classified under the Finance and Financial Sector policy area, one of 159 bills in that area we track this Congress.
Lisa McClain is the sponsor of 2 bills in our database this Congress, so H.R. 10167 is part of a broader legislative agenda rather than a one-off proposal.
Our conflict-of-interest analysis rates H.R. 10167 2/10 (low risk), higher than 76% of analyzed bills; the average in Finance and Financial Sector is 2.3/10.
Supporters of H.R. 10167 argue that eliminating the penny and rounding cash transactions would simplify transactions, reduce costs associated with penny production, and encourage efficiency in cash handling. They highlight that this change could lead to a more streamlined economy and potentially save consumers and businesses time and money.
Critics of H.R. 10167 express concerns that eliminating the penny could disproportionately affect low-income individuals, who may be more sensitive to price rounding. They argue that rounding could lead to higher costs for consumers over time and that the penny still holds sentimental value and practical use in certain transactions.
The bill H.R. 10167, which proposes to stop minting the penny and round cash transactions, does not directly intersect with the industries that are the top donors to sponsor Lisa McClain. The largest donor industry, Health Professionals, contributed $120 million, while the Retired sector contributed $37.5 million. However, neither of these industries has a direct stake in the legislation concerning currency minting or cash transaction policies. This lack of overlap suggests that there is minimal risk of conflicts of interest arising from the financial support received by the sponsor. Voters should be aware that while campaign contributions can influence legislative priorities, in this case, the financial interests of the top donors do not appear to align with the subject matter of the bill.
Top industries funding Lisa McClain, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
What does H.R. 10167 do?
H.R. 10167 proposes to end the production of the penny by directing the Secretary of the Treasury to stop minting it. Additionally, it requires that cash transactions be rounded to the nearest 5 cents, meaning prices would be rounded up or down based on the final amount due in cash.
Has H.R. 10167 received a floor vote?
No roll-call vote on H.R. 10167 is recorded in our database yet. Its current status is “Passed Both Chambers”.
Does H.R. 10167 have a conflict of interest?
Our conflict-of-interest analysis rates H.R. 10167 2/10 (low risk), higher than 76% of analyzed bills; the average in Finance and Financial Sector is 2.3/10. This score reflects overlap between the sponsor’s campaign funding, lobbying activity, and the industries the bill affects. It is a transparency indicator, not an accusation.
What is the status of H.R. 10167?
H.R. 10167 is currently “Passed Both Chambers” as of our last update on September 30, 2026.
Who sponsored H.R. 10167?
H.R. 10167 was sponsored by Lisa McClain (Republican).
