Sponsors
The bill strengthens congressional oversight and public trust by barring a sitting President's signature on new currency unless Congress enacts a waiver, at the cost of added administrative work, reduced design flexibility, and possible delays from requiring statutory approval.
Congress: Gains explicit control over any waiver allowing a sitting President's signature on newly issued U.S. currency because such a waiver would require a later statute, ensuring legislative review and final approval.
Taxpayers and the general public: Reduces the appearance of potential self-dealing by preventing a sitting President's signature on new currency, helping preserve public trust in the neutrality of currency issuance.
Taxpayers and state governments: Requiring Congress to pass a statute to waive the rule risks delays or political gridlock that could prevent timely issuance or necessary security/design updates to currency and securities.
Taxpayers and collectors: Limits design flexibility by removing the option to include a sitting President's signature without additional congressional action, which could constrain commemorative releases or certain design/security choices.
Federal employees and Treasury operations: Forces the Treasury and the Bureau of Engraving and Printing to change issuance processes and systems to exclude sitting Presidents' signatures, creating administrative costs and implementation burdens.
Based on analysis of 1 section of legislative text.
Prohibits U.S. currency and government securities from bearing the signature of any person while that person is serving as President, unless Congress later explicitly waives the ban.
Introduced April 2, 2026 by Jimmy Gomez · Last progress April 2, 2026
Prohibits U.S. currency or government securities from bearing the signature of any person while that person is serving as President. The ban can be lifted only by a later law that explicitly cites and waives this prohibition. This creates a narrow rule limiting which individuals’ signatures may appear on newly issued currency and securities, and requires agencies that produce money and government debt to avoid using signatures of sitting presidents unless Congress later passes a specific waiver law.