Republican Lawmaker Aims To Put Trump’s Face On $500 Bill

A Republican lawmaker is aiming to put Trump on a $500 bill.

Rep. Paul Gosar (R-AZ) has introduced legislation that seeks to have the Federal Reserve print a $5oo note featuring President Trump.

In a press release, Gosar wrote, “As Bidenflation continues to devalue our currency, the Treasury’s issuance of $500 bills featuring President Trump offers several practical advantages.”

President William McKinley was the last president featured on the $500 bill before it was discontinued in 1969.

Rep. Paul Gosar Proposes the Creation of a $500 Bill Featuring President Trump https://t.co/ZXjdcln2H0

— Timcast News (@TimcastNews) June 6, 2024

Just introduced H.R. 8620, the TRUMP Act, legislation requiring the Treasury print $500 Federal Reserve notes featuring a portrait of the 45th President of the United States, .@realDonaldTrump. Read more here👇👇https://t.co/uahl0TeS63

— Rep. Paul Gosar, DDS (@RepGosar) June 6, 2024

Fox News added these details:

A Republican lawmaker wants to resurrect an out-of-print dollar bill denomination and put former President Trump’s face on it.

Rep. Paul Gosar, R-Ariz., on Wednesday filed legislation to have the Federal Reserve print a $500 note featuring the 45th president. His bill is called the “Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act.”

“As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages,” Gosar said in a news release.

The last version of a $500 bill featured a portrait of President William McKinley and was printed in 1945. The denomination was discontinued 24 years later, according to the Bureau of Engraving and Printing.

GOP Legislation Would Put Trump’s Face On $500 Bills https://t.co/tFZ8fUaEIH pic.twitter.com/7bLGaH9HXt

— Daily Wire News (@DailyWireNews) June 6, 2024

Per Gosar.House.Gov:

Congressman Paul A. Gosar, D.D.S. (AZ-09), issued the following statement after introducing H.R. 8620, the Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act, legislation requiring the Secretary of the United States Treasury to print $500 Federal Reserve notes featuring a portrait of the 45th President of the United States, Donald J. Trump:

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“As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages.

First, larger-value currency will empower Americans with the freedom of more tangible options to save and exchange goods and services.

Additionally, the absence of large-denomination currency issued by the Treasury encourages Americans to rely on digital banking, which faces greater vulnerability to surveillance and censorship.

Furthermore, from a collector’s perspective, these $500 Trump bills will become highly sought after, generating revenue for the government through increased demand for numismatic items. Collectors often covet currency with unique designs and historical significance and bills featuring the very popular 45th President will attract considerable attention from collectors. This will no doubt create a market for the $500 Trump bills far beyond their face value and increase the seigniorage earnings of the government, thus increasing overall revenues,” stated Congressman Gosar.