President Trump and Treasury Secretary Scott Bessent convened CEOs and investors to unveil "Trump accounts," a program that will give U.S.-born children (with Social Security numbers) a stock-market account seeded with a one-time $1,000 Treasury deposit. Eligible births run from Jan. 1, 2025, to Dec. 31, 2028. The IRS says the accounts are designed to grow similarly to IRAs. The summit began at 9:45 a.m. EST and a replay was posted afterwards.
Trump, Treasury Secretary Bessent Unveil "Trump Accounts" for Newborns at Investor Summit
President Donald Trump and Treasury Secretary Scott Bessent met Wednesday morning with CEOs and investors to preview the administration’s new "Trump accounts" program for newborns.
What the Program Does
Under the plan, children born in the United States who have a Social Security number and whose birth dates fall between Jan. 1, 2025 and Dec. 31, 2028 will receive a stock-market investment account seeded by a one-time $1,000 deposit from the Treasury. According to the IRS, the accounts are intended to grow in a manner similar to Individual Retirement Accounts (IRAs).
Summit Details and Attendees
The summit brought together corporate executives and investors to discuss rollout logistics and expected outcomes. Notable attendees included White House Press Secretary Karoline Leavitt, rapper Nicki Minaj, Sen. Ted Cruz (R-Texas), Rep. Jason Smith (R-Mo.), and actress Cheryl Hines, wife of Health and Human Services Secretary Robert F. Kennedy Jr.
The event was scheduled to begin at 9:45 a.m. EST. A video replay of the summit was made available after the event.
Note: Eligibility requires that the child is born in the United States and has a valid Social Security number within the specified birth window.
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