The U.S. Treasury has designed a $250 bill featuring President Trump's image, Treasury Secretary Scott Bessent said Thursday. The proposal cannot move forward unless Congress authorizes it through legislation.
According to the Washington Times, Bessent confirmed Thursday that the Treasury has completed work on the design for the $250 bill adorned with Trump's image. The Treasury Secretary's comments represent the first public acknowledgment of the design work on the proposed denomination.
NPR reported that the Treasury Department has prepared the $250 bill with Trump's face on it. Both sources confirmed that the executive branch cannot unilaterally implement changes to U.S. currency denominations or designs.
The proposed $250 bill would represent a new denomination in U.S. paper currency if approved. Current U.S. Federal Reserve notes are issued in denominations of $1, $2, $5, $10, $20, $50, and $100. The $250 denomination does not currently exist in standard U.S. currency circulation.
The Washington Times reported that the plan cannot proceed without Congressional action. NPR similarly stated that Congress needs to pass legislation in order for the bill's printing to occur.
Under U.S. law, Congress holds authority over currency design and denominations. The Treasury Department can prepare designs, but implementation requires legislative approval. Both sources confirmed this procedural requirement.
The proposal remains in a holding status. The Treasury has completed the design work featuring President Trump's image, but no further action can be taken until Congress acts on the matter. As of Thursday's announcement by Secretary Bessent, no timeline for Congressional consideration has been established.
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