President Donald Trump convened a roundtable at the White House on Monday, unveiling an initiative to establish what the administration is calling “Trump Accounts” as part of a major Republican domestic policy proposal. Central to this plan is a provision that aims to create investment accounts for every American newborn, funded with an initial $1,000 by the government.
These accounts are set to benefit U.S. citizen children born from January 2025 to January 2029 under a pilot program tied to the legislation that has already advanced through the House. The $1,000 government contribution will be allocated into an index fund connected to the stock market, which the child’s legal guardians will manage. Additionally, guardians and private entities can contribute up to $5,000 each year for the child’s lifetime, meaning the potential for substantial growth over the years.
Karoline Leavitt, White House press secretary, emphasized the transformative nature of the proposed legislation. “The passage of the One Big Beautiful Bill will literally change the lives of working, middle-class families across America by delivering the largest tax cuts in history, increasing the child tax credit, AND by creating this incredible new ‘Trump Account’ program, which will put the lives of young Americans on the right financial path,” she stated.
During the roundtable, House Speaker Mike Johnson emphasized how the Trump Accounts would positively impact families by increasing disposable income and streamlining rules for small business owners.
The event, held in the State Dining Room, featured prominent executives from major corporations including Dell, Uber, Altimeter Capital, ARM Corp, Salesforce, ServiceNow, Robinhood, and Goldman Sachs. These CEOs are expected to announce significant investments into the Trump Accounts for their employees’ children.
Michael Dell, CEO of Dell Technologies, voiced strong support for the initiative, asserting that the investment accounts would help create substantial savings for education, home ownership, and family formation. “Dell Technologies will proudly match dollar for dollar the government’s seed investment into these accounts for all the children born to Dell team members. This bold move to an ownership society for all included in the Reconciliation Bill will have profound and far-reaching benefits for the country,” Dell said.
This roundtable is part of the administration’s broader strategy to pave the way for Senate approval of the domestic policy bill ahead of the Fourth of July.
NBC News first reported on this event.