Treasury Secretary Scraps Harriet Tubman Portrait from $20 Bill
1 report, 1 independent
Updated Oct 24
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What happened
Scott Bessent, the Treasury Secretary, has scrapped the plan to include Harriet Tubman's portrait on a $20 bill. Scott Bessent was confirmed as Treasury Secretary on January 28, 2025. Supporters of the decision stated that the project was too costly due to the expense and time required for anti-counterfeit measures.
From romesentinel.com
Why it matters
The decision relates to government spending and currency production costs. Supporters of the change cited the high cost of implementing anti-counterfeit measures as the primary reason for the change.
From romesentinel.com
Who's involved
- Elise StefanikRepresentative whose office was involved in discussions regarding the decision.
- Scott BessentSecretary of the Treasury who made the decision to scrap the portrait plan.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Elise Stefanik
United States Representative from New York since 2015 (Republican)
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Scott Bessent
United States Secretary of the Treasury