Treasury pushing plans for $250 bill with Trump's portrait and signature, sources say
Summary
The U.S. Treasury Department is preparing plans for a special $250 bill featuring President Donald Trump's portrait and signature if a new law is passed. This would be the first time in over 150 years that a living person appears on U.S. currency.Key Facts
- The bill would be a $250 Federal Reserve note honoring the nation’s upcoming 250th anniversary.
- Current law only allows deceased people to be on U.S. money.
- Republican Representative Joe Wilson introduced a bill to authorize this new currency with President Trump’s image.
- The bill has 15 Republican supporters but has not passed and is stalled in the House Financial Services committee.
- The Treasury’s Bureau of Engraving and Printing is preparing plans in case the bill becomes law.
- The bill requires a 60-vote bipartisan majority in the Senate to pass.
- The Treasury says no taxpayer money will be used to produce the new bill.
- The State Department will issue special passports featuring Trump’s portrait and signature for the 250th anniversary.
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