(CNN) -- Should Ulysses S. Grant, the legendary Union general and 18th president of the United States, be bumped from his 96-year stint on the $50 bill? 

Yes, according to one North Carolina Republican. 

Rep. Patrick McHenry announced that he will introduce a measure that would replace Grant's face with Ronald Reagan's, just in time for the 40th president's 100th birthday next February. 

"President Reagan was a modern day statesman, whose presidency transformed our nation's political and economic thinking," McHenry said in a statement. "Through both his domestic and international policies he renewed America's self confidence, defeated the Soviets and taught us that each generation must provide opportunity for the next." 

McHenry says it's only logical for Reagan to replace Grant on the $50 bill because several historians have ranked Reagan as a much better president than Grant. McHenry specifically cites a 2005 Wall Street Journal survey of scholars who placed Reagan at No. 6 and Grant at No. 29. 

"Every generation needs its own heroes," McHenry also said. "One decade into the 21st century, it's time to honor the last great president of the 20th and give President Reagan a place beside Presidents Roosevelt and Kennedy." 

Franklin Roosevelt's face currently appears on the dime while John F. Kennedy's image is on the half-dollar. 

But not so fast, says Dr. John Marszalek, the executive director and managing editor of the Ulysses S. Grant Association. 

Calling him a "beacon" of the 19th century, Marszalek said Grant deserves to keep his prominent spot on America's currency. 
Who is currently on it?
Should Ulysses S. Grant, the legendary Union general and 18th president of the United States, be bumped from his 96-year stint on the $50 bill