Washington, July 14 -- Chairwoman Lisa McClain issued the following press release:
Today, the House of Representatives passed House Republican Conference Chairwoman Lisa McClain's (R-Mich.) Common Cents Act. This legislation permanently ends production of the penny for general circulation.
"Washington has a spending problem, and it shows up in places big and small," Chairwoman McClain said. "If the federal government is spending nearly four cents to make a penny worth one cent, something is broken. House Republicans are proving that common sense still has a place in government by cutting waste and protecting taxpayer dollars."
President Trump directed the Treasury Department to end production of new pennies after the cost of producing ea...