Section 1 Short title
This Act may be cited as the “Make Sense Not Cents Act”.
Make Sense Not Cents Act
A BILL
To amend title 31, United States Code, to prohibit the Secretary of the Treasury from minting or issuing 1-cent coins.
Sec. 2 Sense of Congress
It is the sense of Congress that Congress has the sole authority to coin money and regulate currency.
Sec. 3 Discontinuation of 1-cent coins
In general— The Secretary of the Treasury may not mint or issue a 1-cent coin.
Technical and conforming amendments—
Title 31, United States Code, is amended—
in section 5112—
in subsection (a)—
by striking paragraph (6); and
by redesignating paragraphs (7) through (12) as paragraphs (6) through (11), respectively;
in subsection (b), by striking the eighth sentence;
by striking subsection (c);
in subsection (i), by striking “(7), (8), (9), and (10)” each place the term appears and inserting “(6), (7), (8), and (9)”;
in subsection (j), by striking “(7), (8), (9), or (10)” and inserting “(6), (7), (8), or (9)”; and
in subsection (v), by striking “paragraph (12)” each place the term appears and inserting “paragraph (11)”;
in section 5113(a), by striking the third sentence; and
in section 5132(a), by striking “through (6)” each place the term appears and inserting “through (5)”.
Section 408(m)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking “paragraph (7), (8), (9), or (10)” and inserting “paragraph (6), (7), (8), or (9)”.
Sec. 4 No effect on legal tender
Notwithstanding any other provision of this Act, or any amendment made by this Act, one-cent coins are legal tender in the United States for all debts, public and private, public charges, taxes, and duties, regardless of the date of minting or issue.