About the bill
Here’s a penny for your thoughts: last fiscal year, it cost 1.50 cents for the U.S. Mint to produce and manufacture each penny. That loss costs taxpayers several billion dollars each year. A new bill in Congress would end the penny once and for all.
That aforementioned 1.50 cents figure from last year was up from 1.43 cents the year before. In fact, it has cost more than one cent to manufacture a penny every year for at least the past decade.
Sponsor and status
Sponsor. Senator for Arizona. Republican.
Last Updated: Mar 29, 2017
Length: 7 pages
115th Congress, 2017–2019
This bill was introduced on March 29, 2017, in a previous session of Congress, but was not enacted.
Mar 29, 2017
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
S. 759 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2020). S. 759 — 115th Congress: Currency Optimization, Innovation, and National Savings Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/s759
“S. 759 — 115th Congress: Currency Optimization, Innovation, and National Savings Act of 2017.” www.GovTrack.us. 2017. April 8, 2020 <https://www.govtrack.us/congress/bills/115/s759>
Currency Optimization, Innovation, and National Savings Act of 2017, S. 759, 115th Cong..
|title=S. 759 (115th)
|accessdate=April 8, 2020
|author=115th Congress (2017)
|date=March 29, 2017
|quote=Currency Optimization, Innovation, and National Savings Act of 2017
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