Skip to content
Search

Latest Stories

Top Stories

Congress Bill Spotlight: Donald J. Trump $250 Bill Act

hundred dollar bills.
Getty Images, boonchai wedmakawand

The Fulcrum introduces Congress Bill Spotlight, a weekly report by Jesse Rifkin, focusing on the noteworthy legislation of the thousands introduced in Congress. Rifkin has written about Congress for years, and now he's dissecting the most interesting bills you need to know about but that often don't get the right news coverage.

Trump reportedly tips his Mar-a-Lago groundskeepers with $100 bills. What if his own face appeared on them?


What The Bills Do

Two different proposals in the House would put Trump’s face on money.

The Donald J. Trump $250 Bill Act would create a new $250 bill, tied to the 250th anniversary of the Declaration of Independence signing in 2026. It was introduced on February 27 by Rep. Joe Wilson (R-SC2).

The Golden Age Act would replace Benjamin Franklin with Trump on the $100 bill starting in 2029. (All existing $100 bills depicting Franklin would still be legal but the government just wouldn’t print any more.) It was introduced on March 3 by Rep. Brandon Gill (R-TX26).

Neither legislation appears to have a Senate companion introduced yet.

Context

Seven prominent Americans are depicted on the main U.S. bills: George Washington on the $1, Thomas Jefferson on the $2, Abraham Lincoln on the $5, Alexander Hamilton on the $10, Andrew Jackson on the $20, Ulysses S. Grant on the $50, and Benjamin Franklin on the $100.

Sign up for The Fulcrum newsletter

The last personnel change to one of those bills was in 1928 when Jackson replaced Grover Cleveland on the $20.

Since then, Congress has named or renamed various things after living ex-presidents, like renaming the D.C. area’s Washington National Airport as the Ronald Reagan Airport in 1998 or renaming the EPA’s headquarters as the Bill Clinton Federal Building in 2013. But none of those were renamed after incumbent presidents.

In this digital age of credit cards, plus apps and websites like Venmo, PayPal, and CashApp, cash transactions represent a sharply declining share of monetary transactions: plunging from 31% of payments in 2016 to 18% in 2022.

What Supporters Say

Supporters argue that Trump deserves his spot alongside the seven prominent Americans, five of them former presidents, currently appearing on paper money.

“President Trump is working tirelessly to fight inflation and help American families. This achievement is deserving of currency recognition, which is why I am grateful to introduce this legislation,” Rep. Wilson said in a press release. “The most valuable bill for the most valuable president!”

“President Trump… took a bullet for this country and is now working overtime to secure our border, fix our uneven trade relationship with the rest of the world, make America energy independent again, and put America first by ending useless foreign aid,” Rep. Gill said in a press release. “Featuring him on the $100 bill is a small way to honor all he will accomplish these next four years.”

What Opponents Say

Obviously, Democrats oppose putting Trump’s face on money at all. But other opponents counter with alternative points.

For example, some say the U.S. should eliminate the $100 bill entirely. “Let’s abolish the $100 bill,” Timothy Noah wrote in the New Republic. “Benjamins are the favorite currency of criminals and almost no one else—and there’s no good reason to go on printing them.”

“Since 1980, the proportion of $100 bills that reside outside the U.S. has risen from 30% to nearly 80%,” Noah added. “The overwhelming majority of those who possess these bills are criminals of one kind or another who want to stash their money overseas.”

(Presumably, the same argument could be used against creating a $250 bill too.)

Another argument: an 1866 law prevents people from appearing on U.S. money while they’re still alive. Congress passed the law after Spencer Clark, superintendent of the National Currency Bureau, put his own face on the five-cent note.

The $250 legislation would also repeal that 1866 law, though the $100 legislation would not.

Odds of Passage

The $250 legislation has attracted three Republican cosponsors. It awaits a potential vote in the House Financial Services Committee, controlled by Republicans.

The $100 legislation has also attracted three Republican cosponsors—though, interestingly, completely distinct from the three who cosponsored the $250 legislation. It also awaits a potential vote in the House Financial Services Committee.

Perhaps a more likely outcome: the Treasury Department may just unilaterally make such a decision, rather than Congress.

In 2016, President Obama’s Treasury Secretary Jack Lew announced Harriet Tubman would replace Andrew Jackson on the $20 bill. Due to a combination of slow-walking and bureaucratic delays by the Trump administration in the production design process, though, the Tubman bill isn’t expected to debut until around 2030.

Jesse Rifkin is a freelance journalist with the Fulcrum. Don’t miss his weekly report, Congress Bill Spotlight, every Friday on the Fulcrum. Rifkin’s writings about politics and Congress have been published in the Washington Post, Politico, Roll Call, Los Angeles Times, CNN Opinion, GovTrack, and USA Today.

SUGGESTIONS:

Congress Bill Spotlight: adding Donald Trump’s face to Mount Rushmore

Congress Bill Spotlight: BAD DOGE Act

Congress Bill Spotlight: Repealing Trump’s National Energy Emergency

Congress Bill Spotlight: Smithsonian Italian American Museum

Congress Bill Spotlight: Impeaching Judges Who Rule Against Trump

Read More

Donald Trump

President-elect Donald Trump at Madison Square Garden in New York

Chris Unger/Zuffa LLC/Getty Images

Trump’s First 100 Days Changed the Game – the Next 1300 Could Change the Nation

The country has now witnessed and felt the first 100 days of President Donald Trump’s second term. These days were filled with unrelenting, fast-paced executive action. He signed a record-breaking number of executive orders, though many have been challenged and may be reversed. Working with Congress to pass legislation, though more difficult, leads to more enduring change and is less likely to be challenged in court. While certainly eventful, the jury is still out on how effective these first days have been. More importantly, the period of greater consequence - the months following the first 100 days, which should focus on implementation - will ultimately determine whether the president’s drastic changes can stand the test of time and have their desired impact on American society.

The first months of all Presidential terms include outlining a vision and using presidential influence to shift priorities and change governance structures. The media often focuses on polling and popularity, comparing previous presidents and highlighting public perception of the president's handling of specific issues like the economy, immigration, and national defense. Rasmussen Reports' daily Presidential Tracking Poll now shows 50 percent of likely voters approve of President Trump's job performance, but change has never been popular, and he is unapologetically pursuing it in these first months.

Keep ReadingShow less
Trump’s Immigration Crackdown Spurs Brain Drain of International Talent

Close up of american visa label in passport.

Getty Images/Alexander W. Helin

Trump’s Immigration Crackdown Spurs Brain Drain of International Talent

This article is part of a short series examining the Trump administration’s impact on international students in American higher education. This is the second and final installment of the series, which is focused on F1 student visa-to-citizenship pipelines.

The first part of the series, entitled “Legal Battles Continue for International Students With Pro-Palestinian Views,” was about ongoing litigation against the Trump administration for ideological deportations in higher education.

Keep ReadingShow less
Congress Bill Spotlight: No Invading Allies Act

United States Capitol building in Washington, D.C.

Getty Images, dcsliminky

Congress Bill Spotlight: No Invading Allies Act

The Fulcrum introduces Congress Bill Spotlight, a weekly report by Jesse Rifkin, focusing on the noteworthy legislation of the thousands introduced in Congress. Rifkin has written about Congress for years, and now he's dissecting the most interesting bills you need to know about, but that often don't get the right news coverage.

In response to Trump’s takeover threats, Canadian coffee shops and cafés are rebranding the Americano beverage as the “Canadiano.”

Keep ReadingShow less
Raising Taxes or Cutting Spending: House Budget Committee Argues Over Debt Crisis Fix

Republican and Democratic representatives discussed the fiscal state of the United State in a House Budget hearing on May 7, 2025

Huiyan Li | Medill News Service

Raising Taxes or Cutting Spending: House Budget Committee Argues Over Debt Crisis Fix

WASHINGTON –– Republicans and Democrats clashed on May 7 at a House Budget Committee hearing over how to address the nation’s mounting federal debt—whether to raise revenue through tax increases or cut spending on federal programs such as Medicaid.

Both parties agreed that the United States was on an unsustainable fiscal path and that urgent action is needed to prevent a debt crisis.

Keep ReadingShow less