The Department of Treasury has also decided to allow Alexander Hamilton, one of the founding fathers of the U.S., to remain on the $10 bill, but said it will add women from the suffragist movement who fought for the right to vote on the back of it.
Jack Lew, Treasury Secretary, is also expected to announce civil rights era leaders, and other important moments in American history, will be incorporated into the $5 bill as well.
The treasury announced last year a woman would go on the front of the $10 bill, but changed course after opponents pushed for a replacement on the $20 bill instead.
According to reports, Hamilton has experienced a renewed popularity recently, due to a diverse broadway play that’s been named after the first secretary of the Treasury. However, Jackson reportedly won’t be entirely removed from the $20 bill, but moved to its back instead.
Rep. Luis Gutiérrez, a Democrat who introduced the “Put a Woman on the Twenty Act in Congress” last year, released the following statement, praising the decision Wednesday:
“There has been a lot of talk about putting a woman’s portrait on our money, but finally it sounds like Secretary Lew is putting our money where his mouth is. It is crazy that women have been mostly absent from our money up until now, with only a few exceptions.”
Democratic Presidential Candidate Hillary Clinton also released the following statement via Twitter, upon finding out the news:
“A woman, a leader, and a freedom fighter. I can’t think of a better choice for the $20 bill than Harriet Tubman.”
The bills’ new designs are expected to be ready by 2020.