The US Secretary of the Treasury, Scott Bessent, announced new details regarding the establishment of “Trump accounts” under the “One Big Beautiful Bill Act” on Wednesday, December 17th. He also launched the website for this program.
In his speech at the Treasury Department, Bessent expressed that with the introduction of these investment accounts, an entire generation of Americans will learn in a potentially life-changing way how small investments can accumulate into generational wealth, all thanks to President Trump.
All American children born between January 1, 2025, and December 31, 2028, will receive a “Trump account” with an initial funding of $1000. The account will be opened in the child’s name, with parents serving as custodians until the child reaches the age of 18. Up to $5000 can be deposited into the account each year.
“The ‘Trump accounts’ are a gift from the President to the American people. They may represent one of the most groundbreaking policy innovations of modern times,” Bessent remarked. “It embodies a simple vision: to make every American a shareholder. When every American holds shares in the world’s most powerful economy, every American will benefit from the growth of our country.”
“Every American will share in the productivity gains brought about by artificial intelligence, robots, and other world-changing technologies; at the same time, every American will invest in the free market system, and most importantly, in the continued success of this system.”
The “Trump accounts” will officially launch on July 4, 2026. Parents can register their children for these accounts when submitting their tax returns.
“To enjoy this investment, most families simply need to check a box on the 4547 form,” Bessent explained. The reference to 4547 represents Trump’s presidency as the 45th and 47th President of the United States.