Congress has sent the Common Cents Act to President Donald Trump after the Senate approved it by voice vote late Monday, following House passage on Sept. 14. Trump is expected to sign the legislation, which would formally end penny production after 234 years and provide statutory backing for the Treasury Department's decision to halt minting in 2025. Pennies would remain legal tender, but cash transactions would be rounded up or down to the nearest amount divisible by five when exact change is unavailable. The U.S. Mint says each penny costs close to 4 cents to produce, while ending production would save $56 million annually. The bipartisan measure also gives Treasury flexibility to alter the nickel's composition, permits the agency to discontinue other circulating coins after required notice and congressional briefings, and directs the Federal Reserve Board to report periodically on penny orders and deposits at commercial coin terminals. Retail groups support the bill as penny shortages create uncertainty and potential litigation risks for businesses. The Mint produced 3.2 billion pennies in 2024, its last full year of production.