This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Procedure · 9 wordsI yield myself such time as I may consume.ProcedureMr. Speaker, Procedure · 19 wordsI rise today on the House floor in support of Republican Conference Chairwoman McClain’s bill, the Common Cents Act.ProcedureClaims · 26 wordsThis is a simple, common ``cents’’ bill aimed at saving taxpayer dollars and modernizing a part of our currency system that no longer makes economic sense.Procedure · 5 wordsThe numbers speak for themselves.ProcedureUnearned certaintyClaims · 66 wordsAccording to an audit of the United States Mint, it costs $3.69 to make one penny.1That is the 19th year in a row, Mr. Speaker, the government has spent more to make a penny than a penny is worth.2Last year alone, taxpayers lost more than $85 million producing pennies.3Chairwoman McClain’s bill simply codifies President Trump’s directive to the Mint to stop producing pennies.Procedure · 7 wordsOf course, we have to be practical.ProcedureReasoning · 16 wordsIf we are going to no longer make pennies, people are likely to use more nickels.Claims · 24 wordsThe problem is that nickels aren’t exactly a bargain either and the gentleman from Massachusetts knows it.They cost nearly 14 cents to produce, 4Reasoning · 15 wordsso we need to make sure we don’t solve one problem by creating another one.Claims · 64 wordsThat is why Mrs. McClain’s bill also gives the U.S. Treasury Secretary the authority to move to a lower cost, zinc-based nickel to ensure that increased nickel demand is not mitigating the savings due to the elimination of the penny.5The bill also addresses something retailers and consumers are already experiencing.With fewer pennies available, many cash transactions are rounded to the nearest nickel.Procedure · 1 wordsH.R.ProcedureClaims · 25 words3074 provides a clear, uniform standard for how these transactions can be rounded, giving businesses certainty and ensuring everyone is playing by the same rules.6Positioning · 27 wordsThis bill is about good stewardship of taxpayer dollars.It is about recognizing when government can do things more efficiently, making smart updates where they are needed, PositioningClaims · 6 wordsand saving money in the process.Mr. Speaker, The ask · 8 wordsI urge my colleagues to support H.R.3074, Procedure · 8 wordsand I reserve the balance of my time.Procedure