"The main reason we"ve looked at redesigning the money is because that counterfeiting issues," Mnuchin said once asked by Rep. Ayanna Pressley, D-Mass., even if it is the new currency would certainly be all set on time. "Based ~ above this, the $20 invoice will currently not come out until 2028. The $10 bill and the $50 bill will certainly come the end with new features beforehand.
"The ultimate decision on the redesign will most likely be another secretary"s under the road."
Mnuchin explained during his appearance before the home Financial services Committee that his department would certainly "meet the security feature redesign in 2020" however "the imagery feature will not be an issue that come up until, most likely, 2026."
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After then-President Barrack Obama claimed he believed putting much more women on U.S. Money was a "pretty an excellent idea," Treasury Secretary Jacob Lew asked for public comment about which woman should be added.
"We in reality listened to people. And there was a legit concern about what invoice a woman goes on the former of, and what story we had to tell," Lew said. In April 2016, he announced the Tubman would be replacing Jackson ~ above the $20 and that Jackson would certainly be moved right into a step of the White house on the turning back side.
Lew admitted the it would be as much as the following Treasury secretary to see the change through, however he claimed the change"s popular would cause backlash if it was abandoned.
"I nothing think someone is walking to desire to do that," he said.
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"I"ve made no decision together it relates to that," he said.
Pressley said that the adjust to the bill was do after a prolonged "community process."
"It"s a decision the the secretary that the Treasury," the replied. "Right now, mine decision is concentrated on security features."
When Pressley asked Mnuchin whether he i agreeed with President Donald trump – who stated in 2016 the replacing previous President Andrew Jackson with Tubman on the $20 was "pure politics correctness" and suggested she instead could be placed on the $2 – Mnuchin again said his focus was on the currency"s security features.
"So does that median you have actually no intentionally of executing the redesign together planned by your predecessor?" Pressley asked.
"That is correct. I have not make a decision come execute on a redesign," that said.
"People other than white men built this county. And Sec Mnuchin agrees, however he refuses to update our #currency," Pressley stated in a tweet after ~ exchange. "#HarrietTubman #MarianAnderson & #EleanorRoosevelt room iconic americans & its past time the our mirrors that. #RepresentationMatters."
"There is no excuse for the administration’s fail to do this redesign a priority," claimed Sen. Jeanne Shaheen, D-N.H. "The needless foot-dragging ~ above this important initiative is unacceptable. Our money tells our country’s story and it is previous time to respect the contribute of Harriet Tubman."
In March, Shaheen re-introduced the Harriet Tubman Tribute Act, i beg your pardon would straight Mnuchin to have all $20 bills printed Dec.
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31, 2020 function Tubman"s likeness.
"We are really concerned the the management is stalling this historic effort," Shaheen, claimed in a might 7 joint statement v Reps. Elijah Cummings, D-Md., and also John Kato, D-N.Y., that introduced house versions the the regulation in 2015, 2017 and in February.
"In lieu of development by the Treasury Department, we hope Congress will pass the Harriet Tubman Tribute action of 2019 to do it clean in statute the the redesign of the twenty should honor Harriet Tubman and also in a timely fashion."
Contributing: Gregory Korte
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