To amend title 31, United States Code, to prohibit the issuance of United States currency and securities containing the signature of the sitting President.
U.S. Currency: Ban on President's Signature
This bill is currently in the early stages of the legislative process. It was recently sent to the House Committee on Financial Services for review. There are no upcoming votes scheduled at this time.
Legislative Progress
This bill was introduced by a member of the minority party and addresses a practice that is not currently standard, making it unlikely to move forward in the current Congress.
Key Points
- This bill would stop the government from putting the current president's signature on any paper money or official government bonds while they are in office.
- Currently, U.S. cash usually features the signatures of the Treasurer and the Secretary of the Treasury. This law would make sure the person currently serving as president cannot add their own name to the bills.
- The proposal aims to keep federal money neutral and prevent it from being used as a way for a sitting leader to promote themselves to the public.
- If the government wanted to include a president's signature in the future, Congress would have to pass a brand new law that specifically allows it and mentions this ban.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
To amend title 31, United States Code, to prohibit the issuance of United States currency and securities containing the signature of the sitting President.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.