Washington, D.C. – The National Grocers Association, the trade association representing the independent supermarket industry, today applauded the Senate for passing the bipartisan Common Cents Act, legislation that provides retailers with clear legal authority and protections to round cash transactions to the nearest nickel after the end of penny production in 2025. The Senate’s passage of the bill follows a year of ongoing advocacy by NGA’s Government Affairs team.
The legislation, sponsored by Sen. Cynthia Lummis (WY) and Sen. Kirsten Gillibrand (NY), establishes a national framework for allowing businesses to continue serving customers efficiently and fairly as pennies fall out of circulation.
Following the end of penny production in 2025, retailers across the country began experiencing shortages of pennies needed to make exact change. Without a uniform federal framework, businesses have faced uncertainty over how to manage cash transactions while continuing to serve customers fairly and efficiently.
“Independent grocers process millions of transactions every day, and the disappearance of the penny created a very practical problem at the checkout counter,” said Stephanie Johnson, NGA senior vice president and head of government affairs. “The Common Cents Act provides the clarity retailers need to handle cash transactions consistently and fairly. We appreciate the bipartisan leadership in the Senate to advance a commonsense solution that gives businesses clear rules and helps minimize confusion for consumers.”
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About NGA
NGA is the national trade association representing the retail and wholesale community grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for about 1.2 percent of the nation’s overall economy and is responsible for generating more than $250 billion in sales, 1.1 million jobs, $39 billion in wages and $36 billion in taxes. NGA members include retail and wholesale grocers located in every congressional district across the country, as well as state grocers’ associations, manufacturers and service suppliers. For more information about NGA, visit www.nationalgrocers.org.