Retailers urge House to advance bipartisan penny legislation

The Retail Industry Leaders Association (RILA) issued the following statement about the inclusion of legislation addressing the ongoing penny shortage to the suspension calendar for next week:

“With bipartisan support, RILA urges the House to expeditiously pass The Common Cents Act, which addresses the nation’s ongoing penny circulation problems when it comes to the floor next week. Retailers and consumers still need clear federal guidance during the ongoing transition and to avoid a patchwork of state requirements. With passage, Congress will provide the certainty needed to protect cash transactions, support consistency across the country, and resolve an issue that has been negatively impacting millions of businesses across the country,” 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.