It was agreed upon by all parties involved that Spacey's scenes would be re-shot, and Christopher Plummer will take his place in the role of J Paul Getty.
The director's publicist Simon Halls confirmed the switch late Wednesday.
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Dumont also mentioned the possibility that chemical and biological weapons might be used by the North in case of a conflict. Lieu told The Washington Post "it's important for people to understand what a war with a nuclear power would look like".
Shooting on the film had already been completed when the decision was made to remove Spacey from the finished product, Variety reports.
The Black List screenplay, written by David Scarpa, centers on the 1973 kidnapping in Italy of J. Paul Getty III - the rebellious teenage grandson of oil billionaire J. Paul Getty, who was reluctant to pay the $17 million ransom demanded by the kidnappers.
The mounting allegations of sexual assault involving Oscar-winning actor Kevin Spacey are taking a mounting toll on his career. Plummer was the original choice to play Getty before producers decided a more high profile name would be appropriate. He is best known for playing Captain Von Trapp in the 1965 film The Sound of Music.
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It is a race against the clock, because to be eligible for Oscar contention, the film must hit theaters before the end of the year.
One of the people close to the production said that Scott's plan caught Sony by surprise, but the studio is supporting the switch. More on the All The Money In The World Kevin Spacey exit below.
The claims against Spacey span from the mid-1980s to previous year.
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Actor Anthony Rapp and Harry Dreyfuss (the son of Richard Dreyfuss) have also said the actor assaulted them, and London police said they were investigating a 2008 sexual assault reportedly linked to Spacey. "But if I did behave then as he describes, I owe him the sincerest apology for what would have been deeply inappropriate drunken behavior, and I am sorry for the feelings he describes having carried with him all these years".