Bill would put Trump on a new $250 bill, breaking a ban on living portraits
In committeeH.R. 1761Latest action
Sponsor: Joe Wilson · Representative · SC
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Official title: Donald J. Trump $250 Bill Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 1761 would create a $250 bill featuring Trump and remove the ban on living people appearing on U.S. currency.
40-second read · 4 questions answered below
What does this do?
HR 1761 would create a new $250 denomination featuring a portrait of former President Donald Trump. The Treasury Department would be required to produce these bills within one year of enactment. The bill ties the new denomination to the 250th anniversary of the United States in 2026.
Who does it affect?
The bill affects every American who uses cash, as well as the Treasury Department, businesses, and banks that would need to update equipment such as cash registers and ATMs to handle the new denomination.
Why does it matter?
Current law prohibits placing the portrait of any living person on U.S. currency or government securities. This bill would create an exception for current or former presidents, which would allow a living person to appear on U.S. money for the first time in American history.
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Where does it stand?
- IntroducedFeb 27, 2025
- House committeeYou are here · Feb 27, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Financial Services.