Why the Government Is Redesigning the $10 Bill

The Treasury is selecting a woman to appear on the $10 bill.

— -- The renewed interest in Alexander Hamilton, the nation's first Treasury secretary, is giving the current Treasury chief a headache.

Lew said this week he is getting closer to making a final decision on the redesign of the $10 bill but has offered no hints on whom will appear on the bill.

Treasury launched a website where the public could submit suggestions. The Treasury also accepted submissions on Twitter via the hashtag #TheNew10. Still, the bill's new design won't go into circulation until 2020, the 100th anniversary of the passage of the 19th Amendment that gave women the right to vote.

Who are the possible candidates?

There is just one requirement -- only deceased individuals are allowed to appear by law on U.S. banknotes.

Has a woman ever been featured in the past?

Why is the $10 bill redesign happening?

A redesign of the $10 bill was already in the works as part of an upgrade to assist the blind and visually impaired. Government agencies that oversee the design process recommended starting with the $10 bill in 2013, and presented a plan that could place the bill in circulation as early as 2020.

What happens to Alexander Hamilton?

Treasury officials say that Hamilton is not totally disappearing from bill. Hamilton's image is expected to be retained in some way on the $10 bill redesign, but how remains unclear.