The US Department of the Treasury is developing a proposal for a new $250 note depicting President Donald Trump in celebration of the country’s 250th anniversary. This initiative can proceed only if Congress alters the law that currently prevents the portrayal of living individuals on US currency. Treasury Secretary Scott Bessent emphasized compliance with existing legal standards while preparing for potential legislative changes.
Bessent stated, “We prepare things in advance at Treasury. So we have prepared for the possibility that if the legislation is passed, we will adhere to the law.”
President Trump’s portrait would make its debut on $250 paper currency if Congress successfully amends a key federal law prohibiting living people from appearing on US currency. Democratic lawmakers have voiced strong opposition, intensifying their criticism of both the proposal and the GOP.
A Treasury spokesperson told Fox News Digital that the Bureau of Engraving and Printing (BEP) is involved in planning and due diligence in response to legislation introduced by Representative Joe Wilson. If this legislative mandate is signed into law, the BEP plans to issue the $250 note, commemorating the nation’s 250th birthday.
Republican Representative Joe Wilson from South Carolina, a dedicated Trump supporter, introduced this bill in February 2025. The bill was introduced not only to align with America’s upcoming birthday in July but also as a response to the economic policies of the Biden administration. It currently remains with the House Financial Services Committee.
The Federal Reserve currently issues seven denominations: $1, $2, $5, $10, $20, $50, and $100. In January, Kentucky Republican Representative Andy Barr shared on social media an image of a mock-up of the new note that features red, white, and blue colors behind Trump’s image.
Treasury Secretary Bessent further elaborated at a White House press briefing, emphasizing existing mandates for US currency: No living person can be on US currency. And the currency must include ‘In God we trust.’
Prominent Democratic figures took to social media to criticize the proposed bill. Former Secretary of State Hillary Clinton remarked on social media that by the end of Trump’s term, the note would only be able to purchase minimal goods.
Democratic Minority Leader Hakeem Jeffries also opposed the idea, urging that the nation’s anniversary should focus on celebrating the American journey rather than Trump. Virginia Senator Mark Warner noted that while Americans are grappling with rising prices, Trump’s concern seems to be bolstering his image instead of alleviating economic pressures for families.
The Democratic National Committee highlighted contrasting priorities on social media, noting discrepancies between Republican and Democratic objectives concerning the bill.
The Treasury has also stated previously that Trump’s signature will be featured on future US paper currency along with Treasury Secretary Scott Bessent’s signature, commemorating the nation’s significant milestone. This announcement adds to the ongoing dialogue surrounding initiatives tied to the country’s 250th anniversary.