Treasury Department is weighing a $250 bill with Trump's image
CBS News • • nation
Key Points:
- The Treasury Department is considering issuing a $250 bill featuring President Donald Trump, contingent on a change in federal law that currently prohibits living individuals from appearing on U.S. currency.
- The proposed legislation, introduced by Rep. Joe Wilson in February 2025, would amend the Federal Reserve Act to allow Trump’s portrait on the $250 bill, but the bill has stalled in the House Committee on Financial Services.
- Treasury Secretary Scott Bessent confirmed that the Bureau of Engraving and Printing is preparing for production if the legislation passes, emphasizing adherence to existing law until then.
- The $250 bill is intended to commemorate the 250th anniversary of the United States, joining other planned currency updates, including new coin designs and a $1 coin featuring Trump.
- Any design mockups currently circulating are unofficial, as new currency designs typically take years to develop and are only released shortly before circulation to prevent counterfeiting.