Overview

• President Trump on June 9 outlined the “Trump Accounts” pilot to deposit $1,000 into tax-deferred investment accounts for U.S. children born from 2025 through 2029.
• The accounts will be managed by guardians in low-cost index funds and permit up to $5,000 in voluntary private contributions each year.
• Executives at the White House roundtable, including CEOs from Dell, Uber and Goldman Sachs, pledged to match the federal seed investments with billions in corporate contributions.
• The program is embedded in the One Big Beautiful Bill, which cleared the House and now faces Senate scrutiny after the Congressional Budget Office projected it would add $2.4 trillion to the national debt.
• Supporters say the initiative cultivates generational wealth, while critics question its impact on child poverty and note exclusions for children of parents without work-authorized Social Security numbers.