To amend the Federal Reserve Act to require the Secretary of the Treasury to print $500 Federal reserve notes featuring a portrait of the 45th President of the United States.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Federal Reserve Act to require the Secretary of the Treasury to print $500 Federal reserve notes featuring a portrait of the 45th President of the United States., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Transportation, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HAA48F6BC6DEF482D83DC5483B0189E21: 1. Short title This Act may be cited as the Treasury Reserve Unveiling Memorable Portrait Act of 2024 or the TRUMP Act of 2024.
- Section HAAC922F2397444979CDFF520BBB91C3B: 2. Printing of $500 Federal reserve notes The 8th undesignated paragraph of section 16 of the Federal Reserve Act (12 U.S.C. 418) is amended by adding at the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To amend the Federal Reserve Act to require the Secretary of the Treasury to print $500 Federal reserve notes featuring a portrait of the 45th President of the United States., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Transportation, Government Operations
Primary Purpose
This bill, To amend the Federal Reserve Act to require the Secretary of the Treasury to print $500 Federal reserve notes featuring a portrait of the 45th President of the United States., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMr. Gosar introduced the following bill; which was referred to …
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology