Harriet Tubman / Steven Mnuchin
Treasury Secretary Steven Mnuchin said today that designs for an updated $20 bill featuring Harriet Tubman will be delayed by eight years. The unveiling scheduled in 2020, had been timed to coincide with the 100th anniversary of the 19th Amendment, which granted women the right to vote.
Mnuchin told lawmakers on the House Financial Services Committee that the redesign process, which started during the Obama administration, would be delayed until 2028. Mnuchin said he would instead focus on anti-counterfeiting upgrades to the $10 and $50 bills.
“The primary reason we’ve looked at redesigning the currency is for counterfeiting issues,” Mnuchin said. “Based upon this, the $20 bill will now not come out until 2028. The $10 and the $50 will come out with new features beforehand.”
Rep. Ayanna Pressley who sits on the House Financial Services Committee tweeted the following after his comments:
People other than white men built this county. And Sec Mnuchin agrees, yet he refuses to update our #currency. #HarrietTubman #MarianAnderson & #EleanorRoosevelt are iconic Americans & its past time that our 💵 reflects that. #RepresentationMatters | https://t.co/nJmhiktHPm pic.twitter.com/hKQSR3Gl8P
— Rep Ayanna Pressley (@RepPressley) May 22, 2019