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The Treasury Department is preparing for a $250 bill with Donald Trump’s image, pending Congressional approval and changes to currency laws.
The Treasury Department is moving forward with preparations to issue a $250 bill bearing President Donald Trump’s portrait, pending legislative approval, NBC News reported. Treasury Secretary Scott Bessent confirmed these plans during a White House press briefing on Thursday, emphasizing that the department is awaiting Congress's authorization before proceeding.
Current U.S. law prohibits living persons from appearing on currency, but a bill introduced by Rep. Joe Wilson, R-S.C., last year aims to revise this rule. The proposal was referred to the House Financial Services Committee in February 2025, and a GOP committee aide confirmed it has been approved for a future hearing.
According to David Snider, Wilson’s spokesperson, the congressman has discussed the bill multiple times with both Bessent and Trump. Bessent linked the initiative to the nation’s forthcoming 250th anniversary celebrations and stated he sees no issues with the proposal.
A Treasury spokeswoman indicated that the Bureau of Engraving and Printing is conducting planning and due diligence regarding the production of the $250 bill. The bureau is acting proactively to prepare for the bill’s potential issuance, contingent on the bill passing both the House and Senate and being signed by the President.
This proposed bill is part of a series of efforts to feature Trump’s likeness on currency and commemorative items. In March, the Treasury announced that Trump’s signature would appear on paper currency. Additionally, a federal commission composed of Trump appointees approved his image for 24-karat commemorative gold coins. Both initiatives cite the country’s 250th anniversary as their motivation. Beyond currency, Trump’s name has been attached to federal buildings, discount drug programs, and proposed naval vessels.
