President Donald Trump promoted a key aspect of his ‘big beautiful bill’ as the Senate continues to debate the legislation: $1,000 investment accounts for babies born during his tenure in office.
The ‘Trump accounts’ will be given to every U.S. citizen born after December 31, 2024, and before January 1, 2029.
The government’s $1,000 contribution would be placed in an index fund tied to the stock market and managed by the child’s legal guardians.
During an event at the White House on Monday, the president said the accounts ‘will make it possible for countless American children to have a strong start in life at no cost to the American taxpayer, absolutely no cost. It’s going to have a huge impact.’
.@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
Named after himself, Trump called the accounts a ‘pro-family’ initiative as he works to rally senators to support his proposed legislation.
It is not the