Sponsors
The bill increases congressional control and reduces the risk of politicized currency by barring issuance of notes bearing a sitting President’s signature, but it creates a risk of operational delays and potential costs or shortages if Congress must act to grant exceptions.
Federal employees at the Treasury and Bureau of Engraving and Printing: the bill prohibits issuing currency or securities bearing the signature of a sitting President, reducing potential confusion, controversy, or perceived politicization around new notes and securities.
Taxpayers and Congress: the bill requires Congress to explicitly approve any exception to the signature rule, increasing legislative oversight and accountability for changes to currency or security design.
Federal employees at the Treasury and Bureau of Engraving and Printing: the restriction could delay issuance of new currency or securities when signatures need updating, slowing Treasury operations and implementation timelines.
Taxpayers: requiring an act of Congress to waive the rule risks higher costs or temporary shortages of new currency or securities if lawmakers do not act promptly, potentially imposing financial or practical burdens on the public.
Based on analysis of 1 section of legislative text.
Prohibits issuing U.S. currency or securities bearing the signature of any person while that person is serving as President, with waiver only by an explicit subsequent statute.
Prohibits the issuance of U.S. currency or government securities that bear the signature of any person while that person is serving as President. The ban can be lifted only by a later law that explicitly names and waives this prohibition.
Introduced April 2, 2026 by Jimmy Gomez · Last progress April 2, 2026