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Mandate to Print $500 Bills Featuring the 45th U.S. President.

This bill requires the Secretary of the Treasury to begin printing new $500 Federal Reserve notes. The legislation specifically mandates that these high-denomination notes must feature a portrait of the 45th President of the United States. This change introduces a new denomination of physical currency into circulation for the public.
Key points
Introduction of a new $500 Federal Reserve note denomination into circulation.
Requirement that the $500 note must feature a portrait of the 45th U.S. President.
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Status:
Expired
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Additional Information
Print number: 118_HR_8620
Sponsor: Rep. Gosar, Paul A. [R-AZ-9]
Process start date: 2024-06-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

TRUMP Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8620.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-06-05.

What are the main provisions?

Key points include:

  • Introduction of a new $500 Federal Reserve note denomination into circulation.
  • Requirement that the $500 note must feature a portrait of the 45th U.S. President.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gosar, Paul A. [R-AZ-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy