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Committee backs bill to standardize cash rounding after penny production halt

California State Assembly Banking and Finance Committee · April 20, 2026

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Summary

AB 1793 would allow symmetric rounding of cash transactions to the nearest nickel after the US Mint stopped producing pennies; retailers and grocers said the change would reduce checkout confusion and ensure consistency for businesses and consumers.

The committee moved AB 1793 to the Committee on Appropriations after advocates from grocery and retail associations described practical problems at checkout and urged a uniform approach.

Assemblymember Ward presented the measure, saying that after the US Mint ceased production of the penny retailers have faced shortages and inconsistent rounding practices. "Symmetrical rounding will only take place after the application of taxes and fees. Electronic or credit card transactions will be unaffected," the author told the committee.

Taylor Trifo of the California Grocers Association said the change "ensures consistency and clarity for grocers and consumers," and Ryan Elaine of the California Retailers Association added that clear rules would help retailers operating on thin margins.

The committee recorded a motion and roll call to pass AB 1793 to the Committee on Appropriations. Members signaled support and the chair said "that bill is out."

Next steps: AB 1793 moves to Appropriations for further consideration.