Treasury Department's $250 Bill Proposal Featuring President Trump Faces Legal Hurdles
The Treasury Department is advancing plans for a new $250 bill featuring President Donald Trump, despite a longstanding federal law prohibiting living individuals from appearing on U.S. currency. This initiative aligns with a bill introduced by Representative Joe Wilson, which seeks to amend the law to allow living presidents on currency. The Bureau of Engraving and Printing has prepared a design for the bill, but without congressional approval, the proposal remains symbolic. The 1866 law, enacted after a Treasury official's portrait appeared on a 5-cent note, remains a significant legal barrier. The proposal has sparked internal tensions within the Treasury, leading to the reassignment of the Bureau's director, Patricia Solimene, who resisted the push due to legal and procedural concerns.