US Treasury Department 'resuming' efforts to put Harriet Tubman on $20 bill

Treasury Secretary Lew on using Harriet Tubman’s image on the $20 bill

Treasury Secretary Jack Lew on the proposed changes to U.S. paper currency.

The Treasury Department is resuming efforts to place 19th-century abolitionist leader Harriet Tubman on the front of the $20 bill, White House press secretary Jen Psaki said Monday.

Continue Reading Below

Psaki told reporters during a briefing Monday that she and other officials were surprised to hear of the delays in putting Tubman on the $20 bill.

“It is important that our …. money reflect the history and diversity of our country and Harriet Tubman’s image gracing the new $20 note would certainly reflect that,” Psaki said. “We are exploring ways to speed up that effort.”

Psaki said specifics on a new timeline for introducing a redesigned $20 with Tubman would be announced when finalized by the Treasury Department.

CLICK HERE TO READ MORE ON FOX BUSINESS

Obama administration Treasury Secretary Jack Lew had selected Tubman to replace Andrew Jackson, the nation’s seventh president, on the $20 bill.

But Tubman’s fate had been in doubt since the 2016 presidential campaign based on critical comments by then-candidate Donald Trump, who branded the move “pure political correctness.”

Trump administration Treasury Secretary Steven Mnuchin did not move forward with the decision by the Obama administration.

Instead, Mnuchin in 2019 announced a delay in redesigning the $20 bill to redesign the $10 and $50 bills first to improve security features to thwart counterfeiters.

Under the schedule Mnuchin announced in May 2019, the redesigned $20 bill would not have come out until 2028 with final designs for the bill not announced until 2026.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The unveiling of the redesigned $20 bill featuring Tubman, famous for her efforts spiriting slaves to freedom on the Underground Railroad, had been timed by the Obama administration to coincide with the 100th anniversary of passage of the 19th Amendment giving women the right to vote.

Source: Read Full Article