Gillibrand Statement On Congress’ Passage Of Her Bill To End Production Of The Penny And Save Taxpayers Money

Today, following Congress’ passage of her Common Cents Act with Senators Cynthia Lummis (R-WY), James Lankford (R-OK), and Ron Wyden (D-OR), U.S. Senator Kirsten Gillibrand released the following statement: “Halting production of the penny just makes sense. It currently costs the U.S. Mint nearly four cents to produce a single penny – a massive waste of taxpayer dollars. By suspending the penny’s production, we can cut back on costs, streamline transactions, and move toward a more practical financial system. I am grateful to Senators Lummis, Lankford, and Wyden for their partnership in getting this bill through the Senate, and I now urge the president to sign it into law.” ###