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moves money PYMNTS.com July 15, 2026

House Votes to Kill Penny and Prohibit Firearm Merchant Category Codes

House Votes to Kill Penny and Prohibit Firearm Merchant Category Codes
AI Summary

The House of Representatives passed bills Tuesday (July 14) that formally end production of the penny, reform the bank acquisition process and prohibit merchant category codes that specifically identify firearms retailers. The three bills came from the House Financial Services Committee, the committee said in a Wednesday (July 15) press release . 3074), which passed the House by a voice vote, ends production of the penny, allows for production of a more cost-effective

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