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S. 759 (115th): Currency Optimization, Innovation, and National Savings Act of 2017

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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.

The context

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.

That ...

Sponsor and status

John McCain

Sponsor. Senator for Arizona. Republican.

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Last Updated: Mar 29, 2017
Length: 7 pages
Mar 29, 2017
115th Congress, 2017–2019
Died in a previous Congress

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.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 759 — 115th Congress: Currency Optimization, Innovation, and National Savings Act of 2017.” 2017. April 8, 2020 <>

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