H.R. 4459: Modernize and Improve our National Tender Act of 2025
This bill, titled the MINT Act of 2025
, proposes changes to the U.S. coinage system, specifically targeting two main aspects: the composition of the 5-cent coin and the elimination of the one-cent coin.
Changes to the 5-Cent Coin
The bill allows for the possibility of modifying the materials used to create the 5-cent coin, often known as a nickel. Specifically:- The weight specification for the nickel is adjusted, allowing it to weigh between 4 and 6 grams, depending on its composition.
- The Secretary of the Treasury would be able to determine the exact composition of the nickel, allowing for options that include a coin with zinc as an inner layer and nickel as an outer layer.
- The Secretary must evaluate and test any new composition to ensure it reduces the production costs of the coin.
Elimination of the One-Cent Coin
The bill outlines provisions for phasing out the production of the one-cent coin as follows:- The Secretary of the Treasury will stop the production of new one-cent coins, though they will still be minted for collectors and numismatic purposes.
- All one-cent coins minted before the enactment of this legislation will continue to be recognized as legal tender for paying debts, taxes, and other obligations, ensuring they remain valid for transactions.
Relevant Companies
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Sponsors
1 sponsor
Actions
2 actions
Date | Action |
---|---|
Jul. 16, 2025 | Introduced in House |
Jul. 16, 2025 | Referred to the House Committee on Financial Services. |
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