S. 1554

119 S1554 IS: Make Sense Not Cents Act
 U.S. Senate
 2025-05-01
 text/xml
 EN
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 II  119th CONGRESS  1st Session  S. 1554  IN THE SENATE OF THE UNITED STATES   May 1, 2025   Mr. Merkley  (for himself and  Mr. Lee ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To amend title 31, United States Code, to prohibit the Secretary of the Treasury from minting or issuing 1-cent coins.
1.
Short title
This Act may be cited as the   Make Sense Not Cents Act  .
2.
Sense of Congress
It is the sense of Congress that Congress has the sole authority to coin money and regulate currency.
3.
Discontinuation of 1-cent coins
(a)
In general
The Secretary of the Treasury may not mint or issue a 1-cent coin.
(b)
Technical and conforming amendments
(1)
Title 31, United States Code, is amended—
(A)
in section 5112—
(i)
in subsection (a)—
(I)
by striking paragraph (6); and
(II)
by redesignating paragraphs (7) through (12) as paragraphs (6) through (11), respectively;
(ii)
in subsection (b), by striking the eighth sentence;
(iii)
by striking subsection (c);
(iv)
in subsection (i), by striking  (7), (8), (9), and (10)  each place the term appears and inserting  (6), (7), (8), and (9) ;
(v)
in subsection (j), by striking  (7), (8), (9), or (10)  and inserting  (6), (7), (8), or (9) ; and
(vi)
in subsection (v), by striking  paragraph (12)  each place the term appears and inserting  paragraph (11) ;
(B)
in section 5113(a), by striking the third sentence; and
(C)
in section 5132(a), by striking  through (6)  each place the term appears and inserting  through (5) .
(2)
 Section 408(m)(3)(A)(i)  of the Internal Revenue Code of 1986 is amended by striking  paragraph (7), (8), (9), or (10)  and inserting  paragraph (6), (7), (8), or (9) .
4.
No effect on legal tender
Notwithstanding any other provision of this Act, or any amendment made by this Act, one-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.