Retailers Applaud House Passage of Bipartisan Penny Legislation

 The Retail Industry Leaders Association (RILA) issued the following statement after House passage of The Common Cents Act, bipartisan legislation addressing the nation’s ongoing penny circulation problems:

“RILA applauds the House for passing The Common Cents Act and taking an important step toward providing clarity for retailers, consumers, and businesses across the country. With today’s passage, the House recognized the need for certainty to protect cash transactions, support consistency across the country, and resolve an issue that has been negatively impacting millions of businesses nationwide. We urge the Senate to move quickly to approve this commonsense legislation and send it to the president’s desk,” said Evan Armstrong, RILA’s senior vice president of government affairs.

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Media Contact: press@rila.org

RILA is the U.S. trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.