The US government is preparing to print a new $250 bill that could feature a portrait of President Donald Trump, pending approval from lawmakers. This move would require an exception to federal law, which currently bars printing US money with the image of a living person.
The Treasury Department has begun planning and due diligence in response to legislation introduced by Trump allies in Congress, which would make an exception for the $250 bill. The bill amount is intended to symbolize the country’s 250th anniversary this year.
Trump’s Image on US Currency
Artistic concepts of the $250 bill have not been publicly released, but designs have been requested by the Bureau of Engraving and Printing. The new legislation was introduced by US House Representative Joe Wilson, a Republican from South Carolina, and would need approval from both the US House and Senate.
Treasury Secretary Scott Bessent stated that the department is preparing in case the legislation passes, but emphasized that the Treasury would follow the law. The move to create the $250 note could also break with a different federal law that specifies the denominations that can be produced.
US Senator Mark Warner criticized the plans, stating that the president’s priorities are “completely detached from the challenges families face every day.” The $100 bill, featuring Benjamin Franklin, is currently the largest bill printed today.
Implications and Reactions
The introduction of a $250 bill would be a significant departure from current US currency denominations. New currency notes typically take years to develop and involve a range of agencies, including the Federal Reserve Board and the US Secret Service.
The designs of new currency notes are typically kept secret until six to eight months before release to prevent counterfeiting and confusion in the marketplace. It is unclear if the notes could be printed in time for the 250th anniversary on July 4.
The proposal to feature Trump’s face on the $250 bill is part of a larger effort by the president and his allies to put his likeness on national institutions and symbols. The Kennedy Center was renamed to include Trump’s name, and his portrait will feature on US passports.
