Treasury Prepares to Put Trump on a $250 Bill—if Congress Allows It
The U.S. Treasury is preparing to potentially feature President Donald Trump on a commemorative $250 bill, pending Congressional approval. This would require a change in existing laws that currently prohibit living individuals from appearing on U.S. currency. The proposed legislation has been introduced and is under consideration by the House Financial Services Committee.
- ▪Treasury Secretary Scott Bessent stated that current mandates prohibit living individuals on U.S. currency.
- ▪Rep. Joe Wilson introduced the 'Donald J. Trump $250 Bill Act' to allow for this change.
- ▪The proposed bill aims to commemorate the 250th anniversary of the United States' independence.
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| Original publisher | TIME — Top |
| Canonical URL | https://time.com/article/2026/05/29/trump-250-dollar-bill-treasury-currency-congress-semiquincentennial/ |
| Publication time | Fri, 29 May 2026 08:15:00 +0000 |
| Retrieval time | 2026-05-29T08:34:59.774Z |
| Last seen | 2026-05-29T08:34:59.774Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | 2tkk1h427Ydw · 2 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
The “two mandates for U.S. currency, at present,” Treasury Secretary Scott Bessent said on Thursday, are that “no living person can be on U.S. currency, and the currency must say ‘In God We Trust.’”But that first mandate may soon be done away with in order to make way for President Donald Trump to appear on a commemorative $250 bill. That would require a change in law, which the Republican-led Congress is reportedly considering ahead of the U.S. Semiquincentennial on July 4, 2026.Last year, Rep. Joe Wilson (R, S.C.) introduced the ‘Donald J. Trump $250 Bill Act,’ which was referred to the House Financial Services Committee.
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