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S. 759: 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


Introduced on Mar 29, 2017

This bill is in the first stage of the legislative process. It was introduced into Congress on March 29, 2017. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.


4% chance of being enacted according to Skopos Labs (details)


Mar 29, 2017

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
Passed Committee

Passed Senate

Passed House

Signed by the President

S. 759 is 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.

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. December 10, 2018 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.