Treasury pushing plans for $250 bill with Trump's portrait and signature, sources say
It'd be the first time a living person appeared on U.S. money in over 150 years.
Trump administration officials have pushed the office tasked with printing the nation's money to move forward with designing a commemorative $250 bill with President Donald Trump's portrait and signature, should legislation to create the new currency pass, according to two people with knowledge of the discussions.
It would mark the first time a living person has appeared on U.S. currency in more than 150 years. As of now, federal law explicitly states only deceased people can appear on United States currency.
But some Republicans in Congress are working to change that.
Republican Rep. Joe Wilson, of South Carolina, has introduced a bill ordering the TreasuryDepartment to print $250 Federal Reserve notes featuring a portrait of Trump.
The bill has 15 Republican cosponsors, a small sum for legislation that was introduced more than a year ago.
The bill has not passed -- stuck in the House Financial Services committee for more than a year -- but in a statement to ABC News, the TreasuryDepartment acknowledged the Bureau of Engraving and Printing is "conducting appropriate planning and due diligence" should the legislation be signed into law.
It would still have to pass the Senate as well before it hits Trump's desk, requiring a bipartisan majority of 60 votes for passage. Democrats are expected to try to block the effort.
If the bill doesn't become law, it expires at the end of the 119th Congress. After that, Wilson or another member can try to reintroduce it in the 120thsession.
A TreasuryDepartment spokesperson called the bill a "proactive" measure.
"Should this legislative mandate be signed into law, the BEP is moving proactively to produce a $250 commemorative note which will appropriately recognize the 250thAnniversary of our great nation," the spokesperson said.
The number 250 reflects the nation's upcoming anniversary.
There's been no word from Republican leadership on whether they would support Wilson's bill, though none of its party leaders have signed on as cosponsors.
Two people familiar with the discussions told ABC News that U.S. Treasurer Brandon Beach and Treasury Secretary Scott Bessent have pushed for the president's signature to be added to the $250 bill.
The Treasury Department did not dispute the reporting.
"Based on the recommendation of U.S. Treasurer Brandon Beach, Secretary Bessent will recognize the historic achievements of our great country and President Trump by adding his signature to the currency," a spokesperson stated.
The Treasury Department insisted no taxpayer dollars will be used to produce the new bill, noting Bureau of Engraving and Printing finances its operations entirely through product sales and billings rather than relying on annual congressional appropriations.
The State Department announced it would begin issuing special edition passports featuring Trump's portrait and signature to commemorate the anniversary.
The Washington Post was the first to report the news.
ABC News' John Parkinson contributed to this report.
