Bill Details
S.923 - 119th Congress
Status
Latest action
2025-03-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced Date
2025-03-10
Policy Area
Finance and Financial Sector
Committees
View committees (1)
6
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would require the Treasury Department to update the design of $20 bills so that Harriet Tubman appears on the front of all new $20 Federal Reserve notes printed after December 31, 2030. The change would make her likeness part of the standard design for future $20 bills. The bill also gives the Treasury Secretary limited flexibility to delay the deadline by up to two years, but only if officials conclude that switching by 2030 would create a serious risk of counterfeiting or would disrupt the safe and smooth operation of the U.S. economy.
- Applies only to $20 Federal Reserve notes printed after December 31, 2030.
- Lets the Treasury Secretary push the date back by no more than two years if there are major security or economic concerns.
- Before delaying the rollout, the Secretary must consult with the Bureau of Engraving and Printing, the Federal Reserve Board, and the U.S. Secret Service.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 923 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 923
To require the Secretary of the Treasury to redesign $20 Federal
reserve notes so as to include a likeness of Harriet Tubman, and for
other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 10, 2025
Mrs. Shaheen introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To require the Secretary of the Treasury to redesign $20 Federal
reserve notes so as to include a likeness of Harriet Tubman, and for
other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Harriet Tubman Tribute Act of
2025''.
SEC. 2. LIKENESS OF HARRIET TUBMAN REQUIRED TO BE INCLUDED ON THE FACE
OF $20 FEDERAL RESERVE NOTES.
The eighth undesignated paragraph of section 16 of the Federal
Reserve Act (12 U.S.C. 418) is amended by adding at the end the
following new sentence: ``The Secretary of the Treasury shall ensure
that the face of all $20 Federal reserve notes printed after December
31, 2030, shall bear the likeness of Harriet Tubman, except that the
Secretary may delay such date by not more than 2 years if the Secretary
submits to the Committee on Banking, Housing, and Urban Affairs of the
Senate and the Committee on Financial Services of the House of
Representatives a determination, after consultation with the Director
of the Bureau of Engraving and Printing, the Board, and the Director of
the United States Secret Service, that issuing such notes after
December 31, 2030, would create an unacceptable risk of counterfeiting
or to the safe, secure, and speedy functioning of the United States
economy.''.
<all>