Proposal for Ronald Reagan on the $50 Bill

H.R. 4705: Ronald Reagan $50 Bill Act

Summary: Proposal for to redesign the $50 Federal Reserve Note with the likeness of President Ronald Reagan.

Sponsor: Rep. Patrick McHenry

Date Introduced: February 25, 2010

Current Status: Referred to Committee (March 5, 2010)

The legislation calls for the redesign of the $50 bill to feature the likeness of President Ronald Wilson Reagan. The $50 bill currently features Ulysses S. Grant, who would be displaced if the bill becomes law.

The new design would appear on notes printed after December 31, 2010.

Similar legislation had been introduced previously in 2005, which called for placing an image of Ronald Reagan on the $50 bill after December 31, 2005. This bill was never made any progress and therefore the design of the bill remained the same.

Earlier in the year Ronald Reagan Commemorative Coins had been proposed. The bill called for $5 gold coins and $1 silver coins. The required obverse design would be a portrait of Ronald Reagan. The reverse would feature a design similar to the depiction of the American Eagle carrying an olive branch, flying above a nest with another eagle and hatchlings. Such an image appears on the American Gold Eagle bullion coins. This bill has not made any progress after it was introduced.