Under The One, Big, Beautiful Bill every newborn baby will receive $1,000 in an investment account to help support that child’s future.

WASHINGTON, D.C. –Trump Accounts are pro-family policy that will give millions of American children, regardless of background, a strong start at life, provide for stronger and more financially secure futures, and harness the strength of the United States economy to lift up the next generation. Under this policy, the federal government will make a one-time contribution of $1,000 to a private investment account for each newborn American baby. Trump Accounts will grow alongside the economic revival that President Trump’s policies will deliver, giving all Americans a vested interest in the economic prosperity of a growing and strong United States of America. 

Ways and Means Committee Chairman Jason Smith (MO-08) joined President Donald Trump, National Economic Council Director Kevin Hassett, Speaker Mike Johnson (LA-04), and other congressional leaders, at the White House to praise the inclusion of Trump Accounts in The One, Big, Beautiful Bill. 

Chairman Smith delivered the following remarks at the White House celebrating the creation of pro-family accounts that will help parents secure the financial future of their children: 

“The Trump investment accounts will be a game changer for new parents. Even before their newborn baby can walk or talk, their child will have money saved to one day learn a trade, start a business or to buy a home. Every child born under this policy will have a better shot at a future. It does not matter if they live on a city block or on a county road, this will make a significant difference to their lives. It’s because of your leadership, Mr. President, and we say thank you.”

Every year, the accounts will be open to additional contributions from family, friends, churches, employers and private foundations, and will be available to the child for education and skills training, starting a business, and building a family when they turn 18 years old.

At the White House event, American business leaders and CEOs announced investments they would be making into these accounts for their employees, adding to the $9 trillion in new investment in the American economy since Inauguration Day. 

FACT SHEET: The One, Big, Beautiful Bill Champions Life and Puts American Families First