The redesign of the $20 bill to feature Harriet Tubman, scheduled for release next year, has been delayed until 2028 at the earliest, Treasury Secretary Steven Mnuchin said in congressional testimony last week.
“The primary reason we have looked at redesigning the currency is for counterfeiting issues,” Mnuchin told the House Financial Services Committee. “Based upon this, the $20 bill will now not come out until 2028. The $10 bill and the $50 bill will come out with new features beforehand.”
Then-Treasury Secretary Jack Lew announced in 2016 that a redesigned $20 with the abolitionist’s image would be unveiled in 2020, the 100th anniversary of the ratification of the 19th amendment, which granted women the right to vote. No women are currently on dollar bills.
But Mnuchin and President Trump were not supportive of this move. Trump is a noted admirer of President Andrew Jackson, who is currently on the $20, and said in 2016 that the Tubman change was “pure political correctness” and suggested she instead be placed on $2 bills, which are printed less often than other denominations. When asked by CNBC in 2017, Mnuchin refused to commit to the Tubman redesign.
A bill to mandate the Treasury include Tubman on the $20 has bipartisan support in the House of Representatives, though in the Senate, only three senators, all Democrats, have cosponsored the measure.
Correction: A previous version of this article claimed that the $2 bill is not in circulation. In fact, they are still in circulation and legal tender for use.
Mnuchin: Harriet Tubman Won’t Be On $20 Bill In 2020