From Fox Business: The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, allows millions of babies born in the U.S. to receive a $1,000 “Trump Account.”
These accounts, which are created by the government for those under 18 years old, are designed to help young people start investing early.
“This will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning,” the White House said.
Children born between Jan. 1, 2025 and Dec. 31, 2028 are eligible for a one-time $1,000 payment into their Trump Accounts, courtesy of the federal government.
The report explains that the program is limited to one account per child, and a Social Security number is required to open an account.
Parents and relatives of the child are allowed to deposit up to $5,000 per year into the account until the child is 18 years old. The money must be invested in low-cost stock mutual funds or exchange-traded funds like the S&P 500, and cannot be accessed by the child until after age 18.
Sen. Bernie Moreno (R-Ohio) praised the program while speaking about the advantages of the ‘Big Beautiful Bill’ last month.
Starting a family in America has become unaffordable. That’s why President Trump’s Big Beautiful Bill expands the Child Tax Credit AND puts $1k into new savings accounts for every American child. This is a no brainer. pic.twitter.com/qZzVxkUJKc
— Bernie Moreno (@berniemoreno) June 28, 2025
How the ‘big, beautiful bill’ gives American babies a financial head start for their futurehttps://t.co/gHY2OlivWt
— Karoline Leavitt (@PressSec) July 21, 2025
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