To direct the Secretary of the Treasury to stop minting the penny, to require cash transactions to be rounded up or down to the nearest 5 cents, and for other purposes.
Summary
HR10167, a bill to eliminate the penny and round cash transactions to the nearest 5 cents, has been introduced and referred to the House Financial Services Committee. This early-stage procedural bill has no direct financial impact on publicly traded companies, as it does not authorize spending or impose regulatory costs on any sector.
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Key Takeaways
- 1.HR10167 is an early-stage bill with no funding or direct corporate impact.
- 2.The bill's impact is limited to government minting costs and cash transaction rounding, not affecting publicly traded companies.
- 3.No tickers meet the confidence threshold for inclusion due to the bill's procedural nature and lack of economic mechanism.
Market Implications
No market implications from this bill. The financial sector is unaffected, as the rounding of cash transactions is a trivial operational change for banks and retailers. No stock price movements are expected from this legislation.
Full Analysis
On 2026-08-27, Rep. Lisa C. McClain (R-MI-9) introduced HR10167, a bill directing the Treasury to stop minting the penny and requiring cash transactions to round to the nearest 5 cents. The bill has been referred to the House Committee on Financial Services, the first step in the legislative process. It has one cosponsor, Rep. Robert Garcia (D-CA-42). At this early stage, the bill has no funding authorization or appropriation—it is a policy change that would affect government minting costs and cash handling, but does not allocate any money. The bill does not directly impact any publicly traded company's revenue or operations. Banks and financial institutions may see minor operational adjustments from cash rounding, but the effect is negligible relative to their revenue bases (e.g., JPMorgan's $158.1B revenue). The legislative path requires committee markup, House passage, Senate passage, and presidential action—a lengthy process with low probability of enactment in this Congress. No convergence with other signals is identified, as this is an isolated procedural bill.
Key Legislators
Connected Signals
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