Treasury Readies New $250 Bill Featuring Living Person
The Treasury Department is preparing designs for a new $250 bill that would show a living individual. The plan requires congressional legislation to change existing rules.
japantimes.co.jpCurrent law bars living individuals from appearing on U.S. currency. Officials said the change would need new legislation passed by both chambers of Congress.
A Treasury spokesperson stated that the department is moving forward with design work while awaiting the required statutory change. Scott Bessent said the portrait would not appear on the bill unless lawmakers approve the measure.
Federal statutes currently restrict portraits on paper currency to deceased individuals. The proposed $250 denomination would mark the first exception if the legislation passes. The New York Times reported that Treasury officials have begun internal preparations for the new note.
“Scott Bessent says that Trump won't be on a new $250 bill unless the House and Senate approve legislation.”
Officials have not released a timeline for when the bill could enter circulation.
Key Facts
Potential Impact
- 01
Congress must pass legislation before any living portrait can appear.
- 02
Design work continues while lawmakers consider the change.
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