ACU Urges Senate To Finish Work On National Cash-Rounding Rules
By CU Today Staff —
WASHINGTON--The Senate could consider House-passed legislation addressing the end of penny production this week, and in a letter sent Tuesday, America’s Credit Unions urged Senate leaders to clear the bill and send it to the President’s desk.
The legislation “addresses the practical challenges” that come with the phasing out of penny production in 2025, the letter notes, by:
Both chambers passed slightly different versions of the legislation earlier this year. The House passed this version last week by unanimous voice vote.
Originally reported by CU Today.