--- title: "IFA Supports National Cash-Rounding Rules" url: https://burnaze.com/article/80d04a91-6aea-451a-94bf-6a9514035891 source: "Franchising.com" original_url: https://www.franchising.com/articles/20260720_ifa_supports_national_cashrounding_rules.html author: "International Franchise Association" category: "Associations" industry: "Franchise Industry" segment: "Associations" topics: ["Regulation & legal"] published: 2026-07-20T08:00:00.000Z modified: 2026-10-31T14:15:15.312Z image: https://imgs.franchising.com/art/articles/10615_plate.jpg --- # IFA Supports National Cash-Rounding Rules **TL;DR:** The International Franchise Association (IFA) supports the Common Cents Act, a bipartisan legislation that establishes clear rounding rules for cash transactions. The legislation aims to provide stability and predictability for franchise small business owners by codifying the U.S. Treasury Department's decision to stop producing pennies. *By International Franchise Association, originally published in Franchising.com on 2026-07-20. [Read the original](https://www.franchising.com/articles/20260720_ifa_supports_national_cashrounding_rules.html).* ## Story - Legislation and Regulation : The International Franchise Association (IFA) issued the following statement endorsing the bipartisan legislation, Common Cents Act (H.R. 3074): "IFA supports the Common Cents Act. The decision to cease minting the penny was understandable, but now the small business community needs clarity on how to navigate the ensuing marketplace," said Michael Layman, IFA chief advocacy officer. "Franchise business owners need certainty around everyday transactions, especially in cash-based operations where the penny shortage has created confusion for business owners and customers alike. By establishing clear rounding rules to the nearest five cents, this legislation delivers the stability and predictability that franchise small business owners need to focus on growth, job creation, and customer service." The Common Cents Act codifies the U.S. Treasury Department's November 2025 decision to stop producing pennies and establishes formal rounding rules for cash transactions. Without the federal legislation, transactions are currently governed in a patchwork state-by-state system rather than a uniform national standard. IFA sent a letter of support for the legislation here . - Get Started in Franchising - Franchise Rankings & Awards - Franchise Sales & Development - Featured Franchise Stories Franchising.com is produced by Franchise Update Media. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. No media company understands the franchise landscape deeper than Franchise Update Media. 1201 New York Avenue NW, Suite 300A Washington, DC 20005 PH. (408) 402-5681 - Franchisee Financing & Lending - Site Selection & Real Estate - Supply Chain & Procurement - Annual Franchise Development Report - Multi-Unit Franchising Conference - Franchise Growth & Marketing Conference - Franchise Leadership & Development Conference - Multi-Unit Franchisee Magazine - Franchise Update Magazine - Franchise Update Franchisor Report - Franchising Express Report - International Franchise Report - Multi-Unit Franchisee Report The multi-unit franchise opportunities listed above are not related to or endorsed by Multi-Unit Franchisee or Franchise Update Media Group. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. No statement in this site is to be construed as a recommendation. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. ## Entities - Franchising.com (publication) - International Franchise Association (company) - franchise industry (topic) - Regulation (sector) - regulation (topic) - Mike Layman (person) - legislation (topic) - U.S. Treasury Department (regulator) - Common Cents Act (policy) - cash transactions (topic) --- Originally reported by International Franchise Association, Franchising.com (https://www.franchising.com/articles/20260720_ifa_supports_national_cashrounding_rules.html). Summarized by Burnaze (https://burnaze.com/article/80d04a91-6aea-451a-94bf-6a9514035891).