Former President Donald Trump has announced a new federal program offering $1,000 tax-deferred investment accounts—dubbed “Trump Accounts”—for every U.S. citizen born between 2025 and 2029, as part of a larger economic policy agenda included in what he calls the “big beautiful bill.”

At a White House roundtable attended by top CEOs from Goldman Sachs, Uber, Dell Technologies, and Robinhood, Trump revealed the plan as a pro-family initiative intended to give American children a financial head start by investing in the overall performance of the stock market.

“For every U.S. citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account,” Trump announced, emphasizing that guardians can contribute an additional $5,000 annually to each child’s account.

The policy received significant private-sector support at the event. CEOs including Michael Dell (Dell Technologies), Dara Khosrowshahi (Uber), David Solomon (Goldman Sachs), and Vlad Tenev (Robinhood) pledged billions of dollars to fund Trump Accounts for the children of their employees.

Trump lauded the executives as “the greatest business minds we have today,” saying their backing would ensure the program had broad national impact.

House Speaker Mike Johnson praised the plan as “a bold, transformative policy” and said it aligns with core Republican values of family, prosperity, and opportunity. The program passed the House of Representatives by a razor-thin margin—without any Democratic support—as part of a broader budget package.

But the bill now faces steeper resistance in the Senate, especially among fiscal conservatives wary of its economic implications. The Congressional Budget Office (CBO) estimates the broader bill would add $2.4 trillion to the national debt over 10 years and result in 10.9 million fewer Americans with healthcare by 2034 due to proposed Medicaid and food assistance cuts.

The CBO’s findings have added to bipartisan concerns about the trade-offs embedded in the legislation, even as Trump insists it is “fully funded through targeted reforms,” including changes to welfare programs and a new remittance tax.

While Trump Accounts are new in name, they resemble several historical and international programs. The U.K.’s Child Trust Fund (2002–2011) and Singapore’s Baby Bonus Scheme both involved government-seeded investment accounts for newborns.

The Trump initiative is also compared to U.S. 529 education plans, though analysts note that the Trump Accounts come with lower contribution limits and fewer incentives, raising questions about their overall effectiveness for long-term wealth generation.

Trump expressed optimism that the program could yield significant returns, stating,

“Beneficiaries will really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economies into the future.”

Still, without Senate approval, the program remains in legislative limbo. Speaker Johnson warned that failure to pass the broader bill would result in “the largest tax increase in American history,” urging Congress to act swiftly on what he described as “pro-growth legislation that will help every single American.”