{"id":2261473,"date":"2024-06-06T15:24:02","date_gmt":"2024-06-06T19:24:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-legislation-would-put-trumps-face-on-500-bills\/"},"modified":"2024-06-06T15:28:55","modified_gmt":"2024-06-06T19:28:55","slug":"gop-legislation-would-put-trumps-face-on-500-bills","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-legislation-would-put-trumps-face-on-500-bills\/","title":{"rendered":"GOP Bill Proposes Trump&#8217;s Image on $500 Bills"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgop-legislation-would-put-trumps-face-on-500-bills%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2261473&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A House Republican&#8217;s proposed TRUMP Act suggests displaying Donald Trump&#8217;s image on $500 bills. This initiative, introduced by Rep. Paul Gosar (R-AZ), aims to introduce \u2063larger-value <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-debt-default-could-help-china-dethrone-the-dollar\/\" title=\"China may replace the dollar if the US defaults on its debt.\">currency options<\/a> and reduce dependence on digital banking. The bill challenges current U.S. currency \u200cpractices, which limit denominations to $100, with the last $500 bills printed in 1945. The TRUMP Act, proposed by House Republican Rep.\u200d Paul Gosar (R-AZ), aims to feature Donald Trump&#8217;s image on $500 bills, offering \u200clarger-value\u2062 currency options and reducing reliance on digital banking. This bill challenges \u2062the current U.S. currency practices, with the \u200clast $500 bills being printed in 1945, in an effort to revamp currency denominations.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>A portrait of former President <a href=\"https:\/\/www.dailywire.com\/topic\/donald-trump\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a> would appear on $500 bills if new legislation from a <a href=\"https:\/\/www.dailywire.com\/topic\/u-s-house-of-representatives\" target=\"_blank\" rel=\"noopener\">House<\/a> Republican gets enacted into law.<\/p>\n<p>On Wednesday, Rep. Paul Gosar (R-AZ) announced the Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act, which would require the Treasury secretary to print $500 Federal Reserve notes with Trump\u2019s face. The <a href=\"https:\/\/gosar.house.gov\/uploadedfiles\/500_trump_note.pdf\" target=\"_blank\" rel=\"noopener\">proposal<\/a> \u201coffers several practical advantages\u201d at a time when \u201cBidenflation continues to devalue our currency,\u201d Gosar said in a <a href=\"https:\/\/gosar.house.gov\/news\/documentsingle.aspx?DocumentID=8437\" target=\"_blank\" rel=\"noopener\">statement<\/a>, taking a swipe at President Joe Biden.<\/p>\n<p>\u201cFirst, larger-value currency will empower Americans with the freedom of more tangible options to save and exchange goods and services,\u201d Gosar continued. \u201cAdditionally, 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.\u201d<\/p>\n<p>The federal government does not currently make available U.S. currency denominations above $100. Larger denominations, including $500 bills, were last printed in 1945 and issued until 1969, <a href=\"https:\/\/www.bep.gov\/currency\/history\/historical-currency\" target=\"_blank\" rel=\"noopener\">according to the<\/a> Bureau of Engraving and Printing. Past $500 notes featured <a href=\"https:\/\/www.bep.gov\/currency\/history\/historical-currency\/500-note-blue-seal\" target=\"_blank\" rel=\"noopener\">John Marshall<\/a>, a Founding Father who <a href=\"https:\/\/history.state.gov\/departmenthistory\/people\/marshall-john\" target=\"_blank\" rel=\"noopener\">served<\/a> as a House representative, secretary of state, and chief justice of the U.S. Supreme Court. Another couple of series had the portrait of <a href=\"https:\/\/www.bep.gov\/currency\/history\/historical-currency\/500-note-green-seal\" target=\"_blank\" rel=\"noopener\">William McKinley<\/a>, the 25th president of the United States. The largest-ever note printed by the bureau was the $100,000 Gold Certificate.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1716990157394000&#038;usg=AOvVaw33qQydjIo8bet419amChif\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>Gosar argued that $500 Trump bills would become \u201chighly sought after\u201d by collectors, \u201cgenerating revenue for the government through increased demand for numismatic items.\u201d He added, \u201cCollectors often covet currency with unique designs and historical significance and bills featuring the very popular 45th President will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-budget-committee-unveils-reverse-the-curse-budget-blueprint\/\" title=\"House Budget Committee Reveals 'Reverse the Curse' Budget Plan\">attract considerable attention<\/a> from collectors.\u201d<\/p>\n<p>The legislation faces long odds. Republicans lead the House and are largely aligned with Trump as he seeks another term, but the Senate and the White House are controlled by Democrats. Still, Gosar made the case that his proposal could become a source of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/zoom-profits-in-2020-660-million-zoom-tax-payment-in-2021-0\/\" title=\"Zoom Profits in 2020: 0 Million. Zoom Tax Payment In 2021: federal income.\">federal income<\/a> at a time when the national debt is <a href=\"https:\/\/www.usdebtclock.org\/\" target=\"_blank\" rel=\"noopener\">approaching $35 trillion<\/a> with no signs of slowing down.<\/p>\n<p>\u201cThis 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,\u201d Gosar concluded.<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A House Republican&#8217;s new legislation, the TRUMP Act, aims to feature Donald Trump&#8217;s portrait on $500 bills. The bill, proposed by Rep. Paul Gosar (R-AZ), would compel the Treasury secretary to print these notes showcasing Trump if it becomes law<\/p>\n","protected":false},"author":1588,"featured_media":2261474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/GettyImages-2154611235-e1717691308766.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2261473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/GettyImages-2154611235-e1717691308766.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2261473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2261473"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2261473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2261474"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2261473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2261473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2261473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}