Trump Accounts for Children's Savings Launch
Trump Accounts, a new savings initiative for children, have been launched. This program is backed by Wall Street investment funds and aims to provide financial support for families. (sources: politico, cnn, theguardian)
The launch of Trump Accounts allows parents to enroll children born between January 2025 and December 2028 in savings plans. Congressional Republicans authorized this initiative, which is expected to gain traction among families.
- Trump Accounts are designed as savings vehicles for children.
- The program is backed by Wall Street investment funds.
- Parents can enroll newborns in these accounts starting now.
Why it matters
The initiative aims to provide financial support for families and may influence electoral dynamics.
↓ Congress can act on this
7 bills on this issue are moving right now — and the most active one is HR1151: Freedom to Invest in Tomorrow’s Workforce Act.
HR1151 · 119th Congress
Freedom to Invest in Tomorrow’s Workforce Act
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About this bill
What HR1151 actually does
This story is about Republicans bank on a Trump Accounts boost. This bill would let 529-style savings pay for certain postsecondary credentialing expenses.
If passed, it would:
- let 529-style savings pay for certain postsecondary credentialing expenses • make family savings policy more useful for noncollege career routes.
6 other bills moving on this issue
Take action on any of them individually.
This story is about Republicans bank on a Trump Accounts boost. This bill would establish a federal baby bonus program beginning in 2026.
If passed, it would
- establish a federal baby bonus program beginning in 2026 • require annual reporting to Congress on uptake and program effects.
This story is about Republicans bank on a Trump Accounts boost. This bill would expand 529-qualified expenses for elementary, secondary, and homeschool education.
If passed, it would
- expand 529-qualified expenses for elementary, secondary, and homeschool education • let tax-advantaged education savings be used earlier than college.
This story is about Republicans bank on a Trump Accounts boost. This bill would allow certain child care expenses to be paid from 529 accounts.
If passed, it would
- allow certain child care expenses to be paid from 529 accounts • broaden child-directed savings policy beyond college-only or adulthood-only uses.
This story is about Republicans bank on a Trump Accounts boost. This bill would create Universal Savings Accounts in the tax code.
If passed, it would
- create Universal Savings Accounts in the tax code • broaden the federal savings-account framework beyond the Trump Accounts design.