Washington, D.C. — 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:
“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 45thPresident 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.
