The Senate Commerce Committee advanced bipartisan legislation sponsored by Senator Robert Singer (R-Monmouth, Ocean) that would establish a fair, uniform standard for cash transactions, allowing businesses to round totals to the nearest nickel.

“As the penny is gradually phased out of production, businesses and consumers deserve clear, consistent rules that ensure fairness at the counter,” said Senator Singer. “This bill establishes a simple standard for cash transactions to help businesses adapt to changing currency practices.”