Treasury working on $250 bill adorned with Trump's image
The U.S. Treasury has proposed a $250 bill featuring President Trump's image, pending Congressional approval. Current federal law prohibits currency from displaying living individuals, necessitating new legislation to allow this change. The bill, introduced by Rep. Joe Wilson, aims to commemorate the 250th anniversary of the nation’s founding but has not yet progressed in Congress.
- ▪The Treasury Secretary stated that the plan requires Congressional authorization to move forward.
- ▪Federal law currently only permits deceased individuals' portraits on U.S. currency.
- ▪Rep. Joe Wilson introduced the bill to amend this law and feature Trump's image on the new currency.
Opening excerpt (first ~120 words) tap to expand
The U.S. Treasury has designed a $250 bill featuring President Trump’s image, but the plan can’t move forward unless Congress authorizes it, Treasury Secretary Scott Bessent said Thursday. Under federal law, the Treasury cannot produce currency featuring a living person. Mr. Bessent said there is legislation introduced in Congress that would allow a living person to grace U.S. currency, but if likely will not garner the Democratic votes needed to clear the Senate. Treasury created the bill because “we have to be prepared,” he said at the White House press briefing. “It’s all up on Capitol Hill,” he said.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Washington Times.
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