MINT Act of 2025 Modernize and Improve our National Tender Act...
To amend title 31 to permit an alternative composition of the 5-cent coin and to eliminate the one-cent coin, and for other purposes.
The MINT Act of 2025, also known as the Modernize and Improve our National Tender Act of 2025, proposes to change the composition of the 5-cent coin and eliminate the one-cent coin. This bill aims to modernize the nation's currency by making it more efficient and cost-effective.
The changes would primarily affect those who use or handle coins, including businesses, banks, and the general public. By updating the 5-cent coin, the bill aims to reduce production costs and improve durability. The elimination of the one-cent coin is intended to streamline transactions and reduce the cost of minting. This could impact everyday transactions, particularly in small businesses and vending machines.
Introduced on July 16, 2025, the bill has been referred to the House Committee on Financial Services for further consideration. As of July 16, 2025, the bill is in its initial stages, and no significant actions have been taken yet. Key next steps will include committee review, potential amendments, and a vote in the House.
