President Donald Trump is planning to host 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.
The event is expected to be attended by the CEOs of several firms who plan to contribute to the accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was first reported by NBC News.
The provision would launch a pilot program to create so-called “Trump Accounts” for children born between Jan. 1, 2024 and Jan. 1, 2029, which would be seeded with a $1,000 investment from the federal government. The investment would go into a tax-deferred, low-cost index fund tracking the overall stock market, which would be controlled by the child’s guardians.
Additional contributions of up to $5,000 a year could be made to the account throughout the child’s life. Starting at age 18, the account beneficiary would be able to use it to pay for their education, home purchases or expenses related to starting a business.
