President Donald Trump has launched what he dubs one of the most visionary policies of his presidency: “Trump Accounts,” a plan to invest $1,000 of government funds into stock market–linked accounts for all US babies born within a four-year window — from late 2024 to early 2029.
Top business leaders who will contribute to billions more to an initiative tied to “the big beautiful bill,” backed up the baby funds by Trump, the Guardian reports.
“For every US citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the overall stock market,” Trump told the CEOs of major companies gathered at a White House roundtable.
Among the business owners and executives were Michael Dell, Dara Khosrowshahi of Uber, David Solomon of Goldman Sachs and Vladimir Tenev of Robinhood.
Speaking of their contributions, Trump praised them as “really the greatest business minds we have today” who are “committed to contributing millions of dollars to the Trump account.”
Further, President Trump said of the plan, “It’s 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.”
To qualify for the program, the baby must be a US-born citizen whose both parents have Social Security numbers.
Families and others can contribute to the accounts as long as the the total number doesn’t exceed $5,000 annually. There will only be exceptions for the non-profit organizations.
The funds, which the children won’t have access to until they turn 18, will be invested in a diversified, low-cost U.S. stock index fund or equivalent.
Once they turn 18, they will be able to use the money in purchasing a first home, higher education expenses, other qualifying post-secondary credentialing, or mall business or small farm expenses only.
Only when the account beneficiary turns 30 would they gain full control of all the funds for any purpose, according to Time.
House speaker Mike Johnson shared his thoughts on the program, saying,: “It’s a bold, transformative policy that gives every eligible American child a financial head start from day one. Republicans are proud to be the party we always have been. It supports life and families, prosperity and opportunity.”
“Trump Accounts” is just one component of his administration’s ambitious “big, beautiful bill” that intends to reshape American economic relationships.
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