ABC squeezed in a short item Wednesday night on a House resolution
to put Ronald Reagan on the $50 bill, a report most notable for the
enticing mock-up ABC's graphics artists created. Anchor Diane Sawyer
announced on the March 3 World News:
All right, quick, who is on the $50 bill? If you said Ulysses S. Grant, you're right. But if some people have their way, that's going to change soon. There's a move afoot to put Ronald Reagan on the $50, led by 14 Republican Members of Congress who are sponsoring a new bill calling for the change in honor of the 100th anniversary of Reagan's birth next year.
Republican Patrick McHenry of North Carolina 
(10th Congressional District, west of Charlotte) submitted: "H. R.
4705. To require the Secretary of the Treasury to redesign the face of
$50 Federal reserve notes so as to include a likeness of President
Ronald Wilson Reagan."
AP dispatch . PDF image of the bill  which lists the 13 co-sponsors.