Boasting the plan will put “the lives of young Americans on the right financial path,” the White House announced on Monday the Republicans’ domestic policy bill will create a $1,000 investment account for every American newborn.
“The passage of the one Big Beautiful Bill will literally change the lives of working, middle class families across American by delivering the largest tax cuts in history, increasing the child tax credit, and by creating this incredible new ‘Trump Account’ program…”
@FoxBusiness: ‘President Donald Trump is hosting a White House event on Monday touting a policy in the One Big Beautiful Bill Act that would create investment accounts seeded with $1,000 for all newborn U.S. citizen children.’ pic.twitter.com/DFiVVJlzpm
— The White House (@WhiteHouse) June 9, 2025
The contribution “would be placed in an index fund tied to the overall stock market and managed by the child’s legal guardians. The accounts will start at $1,000 per child and guardians or other private entities can contribution up to $5,000 additional … every year throughout the child’s life,” explained a report from CNN.
.@POTUS discuses the “Trump Accounts” in the One, Big, Beautiful Bill in which the government will provide a $1K contribution in a tax-deferred account for every newborn citizen:
“Will make it possible for countless American children to have a strong start at life.” pic.twitter.com/XQEesiifJo
— Rapid Response 47 (@RapidResponse47) June 9, 2025
Michael Dell, founder of Dell computers, said, “The creation of investment accounts for every child will compound into substantial nest eggs providing support for education, home ownership, and starting families.”
Officials for Uber, Altimeter Capital, ARM Corp., Salesforce, ServiceNow, Robinhood and Goldman Sachs joined the president in the announcement.
The president explained, “It is a pro family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies.”
The recipient of the account could access funds when they turn 18 for schooling, training or a first-time home purchase. The full balance could be released at age 30.
House Speaker Mike Johnson noted, “If you have a 401(k), you understand the power of investing early for the future. Trump Accounts take that same principle and they apply it from the very beginning of Americans’ lives … It’s a bold, transformative policy that gives every eligible American child a financial head start from day one … Trump Accounts are all about setting up the next generation for success.”
House Ways & Means Committee Chair Jason Smith added, “The Trump investment accounts will be a game-changer for new parents even before their newborn baby can walk or talk. Their child will have money saved to one day learn a trade, start a business, or to buy a home. Every child born under this policy will have a better shot at a future. It does not matter if they live on a city block or on a county road — this will make a significant difference to their lives.”
