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The Treasury Department is preparing a $250 note bearing President Donald Trump’s portrait for the nation’s 250th anniversary, but the bill can only move forward only if Congress changes federal law barring living people from U.S. currency.
“It’s all up on Capitol Hill. At Treasury, we prepare things in advance. So we have prepared, in advance, that if the legislation is passed, but we will stick to the law,” explained Bessent.
Trump’s portrait would be placed on $250 paper currency for the first time if lawmakers succeed in changing a key federal law that bars living people from appearing on the currency. Democratic lawmakers and leaders, meanwhile, are decrying the proposal as they escalate their opposition to Trump and the GOP.
“In response to active legislation sponsored by Representative Joe Wilson, the Bureau of Engraving and Printing (BEP) is conducting appropriate planning and due diligence. Should this legislative mandate be signed into law, the BEP is moving proactively to produce a $250 commemorative note which will appropriately recognize the 250th Anniversary of our great nation,” a Treasury spokesperson told Fox News Digital when asked about the bills.
TREASURY TO PLACE TRUMP’S SIGNATURE ON PAPER CURRENCY TO MARK US 250TH ANNIVERSARY
Treasury says it is preparing a $250 commemorative note with Trump’s portrait if Congress passes legislation allowing living people on U.S. currency. (iStock, Daniel Torok)
Staunch Trump supporter, Republican South Carolina Rep. Joe Wilson, introduced the bill in February 2025.
Wilson introduced the bill not only to coincide with America’s birthday in July, but also as a rebuke of the Biden administration and its economic policies. The bill was referred to the House Financial Services Committee when it was introduced and has remained with the committee.
The Federal Reserve currently issues only seven denominations: $1, $2, $5, $10, $20, $50 and $100. Kentucky…
