WASHINGTON—President Donald Trump held a White House roundtable on Monday to formally announce the “Trump Accounts” Pilot Program included in his “Big, Beautiful Bill.”
Under the “Trump Accounts” program, the federal government will mark the birth of every United States citizen with a one-time $1,000 contribution into a deferred, low-cost index fund, the White House said. The account, which will track the stock market, will be controlled by the guardians of the child.
While the accounts start at $1,000 per child, they allow for $5,000 additional dollars to be added every year throughout the life of that child.
“They’ll really be getting a big jump on life,” Trump said of the babies benefiting from the investments as he spoke Monday at the White House. The event was also attended by House Speaker Mike Johnson, a number of high-profile Republican lawmakers, and top CEOs Trump described as some of the greatest minds in business today.
“The passage of the One Big Beautiful Bill will literally change the lives of working, middle class families across America by delivering the largest tax cuts in history, increasing the child tax credit, AND by creating this incredible new ‘Trump Account’ program, which will put the lives of young Americans on the right financial path,” White House Press Secretary Karoline Leavitt said in a statement ahead of the roundtable.
The CEOs in attendance at the event also announced billions of dollars in their collective investments into “Trump Accounts” for the children of their own employees.
“The Reconciliation Bill passed by the House and championed by the President will uplift every American child in every community by giving them private ownership of an investment account with $1000 from birth,” Invest America founder Brad Gerstner said ahead of the meeting.
“With just $750 of additional savings per year from family, employers, church, or philanthropy these accounts are worth $50k by age 18,” he added, describing the programs as, “a game changer for every family in America – especially those families too often left out of America’s upside.”
Michael Dell, CEO of Dell Technologies, similarly praised the creation of the investment accounts, saying that they’ll “compound into substantial nest eggs providing support for education, home ownership, and starting families.”
“Dell Technologies will proudly match dollar for dollar the government’s seed investment into these accounts for all the children born to Dell team members,” he said. “This bold move to an ownership society for all included in the Reconciliation Bill will have profound and far-reaching benefits for the country.”