A collection of high-profile CEOs, including leaders from Uber, Dell, and Goldman Sachs, are scheduled to announce on Monday their plans to collectively invest billions into ‘Trump accounts’ designed for their employees’ newborns, a White House official has confirmed to CNBC.
This significant reveal will take place during a roundtable event led by President Donald Trump, who is promoting the initiative known as the ‘Invest America’ pilot program. This program aims to deposit $1,000 from the government into investment accounts for American children born within specified years. NBC News first reported on the details surrounding this forthcoming event.
Among the corporate executives expected to attend the White House roundtable are:
– Michael Dell, founder and CEO of Dell Technologies
– Brad Gerstner, founder and CEO of Altimeter Capital
– Rene Haas, CEO of Arm Holdings
– Parker Harris, CTO of Slack and co-founder of Salesforce
– William McDermott, CEO of ServiceNow
– Dara Khosrowshahi, CEO of Uber
– David Solomon, chairman and CEO of Goldman Sachs
– Vladimir Tenev, co-founder and CEO of Robinhood
The initiative to create these accounts recently passed the House as part of a sweeping budget bill, which President Trump is urging Republicans to forward to him before the upcoming Fourth of July holiday. The bill is currently under consideration in the Senate, where it faces resistance from some fiscally conservative Republicans advocating for significant modifications.
During the event on Monday, House Speaker Mike Johnson, R-La., and House Ways and Means Committee Chairman Jason Smith, R-Mo., were seen alongside Trump and the visiting executives.
Previously known as ‘Money Accounts for Growth and Advancement’ or ‘MAGA Accounts,’ the program aims to establish index fund accounts with $1,000 in government contributions for U.S. citizens born between January 1, 2025, and December 31, 2028.