Washington, D.C. – The Nationwide Grocers Affiliation (NGA), the commerce affiliation representing the unbiased grocery store business, right this moment applauded the U.S. Home of Representatives for passing the bipartisan Frequent Cents Act, laws that gives retailers with clear authorized authority and protections to spherical money transactions to the closest nickel given the tip of penny manufacturing in 2025.
The laws, sponsored by Rep. Lisa McClain (MI-09) and Rep. Robert Garcia (CA-42), establishes a nationwide framework for permitting companies to proceed serving clients effectively and pretty as pennies fall out of circulation.
Final yr, the U.S. Mint ceased penny manufacturing, and Federal Reserve coin distribution websites throughout the nation reported widespread shortages. In consequence, many retailers have been unable to supply actual change for money transactions, forcing companies to implement rounding practices with out clear authorized protections.
“Impartial grocers serve hundreds of thousands of consumers throughout the nation each day, and the fast disappearance of pennies created critical operational challenges and authorized uncertainty for retailers of all sizes,” stated Stephanie Johnson, NGA SVP and head of presidency affairs. “The Frequent Cents Act gives the readability companies must proceed conducting money transactions pretty, persistently, and with out disruption for customers.”
NGA joined different foremost avenue enterprise teams urging Congress to go this essential laws.
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In regards to the Nationwide Grocers Affiliation
NGA is the nation’s main commerce affiliation representing the retail and wholesale group grocers that comprise the unbiased sector of the meals distribution business. An unbiased retailer is a privately owned or managed meals retail firm working in quite a lot of codecs. The unbiased grocery sector accounts for 2 p.c of the nation’s general economic system and generates greater than $557.5 billion in annual financial exercise, 1.5 million jobs, $115 billion in wages, and $27 billion in taxes. NGA members embody retail and wholesale grocers situated in each congressional district throughout the nation, in addition to state grocers’ associations, producers, and repair suppliers
