Treasury Completes Advance Planning for Possible $250 Note Marking Nation's 250th Anniversary

U.S. currency. Treasury Secretary Scott Bessent stated that the department has completed advance planning but will follow existing law.

“It’s all up on Capitol Hill. At Treasury, we prepare things in advance. So we have prepared, in advance, that if the legislation is passed, but we will stick to the law,” Bessent said. S. ” Republican Representative Joe Wilson introduced legislation in February 2025 that would authorize the $250 note. The measure remains in the House Financial Services Committee.

Fox News reported that the bill was referred to the committee when it was introduced. A Treasury spokesperson stated that in response to the legislation sponsored by Representative Joe Wilson, the Bureau of Engraving and Printing is conducting appropriate planning and due diligence.

“Should this legislative mandate be signed into law, the BEP is moving proactively to produce a $250 commemorative note which will appropriately recognize the 250th Anniversary of our great nation,” the spokesperson said.

U.S. paper currency alongside Treasury Secretary Scott Bessent’s signature in honor of the nation’s 250th anniversary. The Federal Reserve currently issues seven denominations: $1, $2, $5, $10, $20, $50 and $100, Fox News reported.

Democratic lawmakers have criticized the proposal. Former Secretary of State Hillary Clinton wrote on X that the note would eventually buy little more than basic groceries. “By the end of Trump’s term, it’ll be just enough to buy one gallon of gas and a carton of eggs,” Clinton said.

Democratic Minority Leader Hakeem Jeffries wrote on X: “Hard No on a Trump $250 bill. Get over yourself. The upcoming July 4 anniversary is not about a wannabe King. ” Democratic Virginia Sen. Mark Warner said: “While Americans are being crushed by rising prices, Trump is brainstorming new ways to stoke his ego.

The Democratic National Committee wrote on X listing House Republicans’ priorities, including making a new $250 bill with Trump’s face on it. Kentucky Republican Rep. Andy Barr posted an image to X in January of the reported mock-up of the bill, which showed red, white and blue colors behind Trump’s image.