This proposed legislation seeks to amend title 31, United States Code, by introducing new restrictions on the designs of United States coins and currency. Specifically, it prohibits the inclusion of any portrait or bust of a living President on any U.S. coins, including commemorative issues, or on any U.S. currency. Furthermore, the bill extends this prohibition to all U.S. currency, ensuring that no portrait or bust of any living person can be featured in its design. This measure aims to establish a clear policy against the representation of contemporary figures on the nation's monetary instruments.