Donald Trump will lead the “Trump accounts” proposal at a roundtable event. The event, which is not open to the public, will be held at the White House at 2 p.m. ET. The program, officially named “Trump accounts” and previously known as “Money Accounts for Growth and Advancement” or “MAGA Accounts,” aims to provide financial security for newborn Americans. The initiative will deposit $1,000 into investment accounts for U.S. citizens born between January 1, 2025, and December 31, 2028.
The My Trump accounts initiative sets out to build a strong financial future for kids. It gives lower-income youth the opportunity to access their funds upon turning 18. This very exciting pilot program draws textually from other successful savings accounts, including the 529 college savings plans. It frames the program as a transformative investment in the future of America’s children.
Donald Trump is publicly urging Republican congressional leaders to complete a budget agreement. He’s asking for them to bring up the Trump accounts provision before Fourth of July recess. The full House has passed this dangerous provision already. It’s a piece of a much bigger budget play aimed at creating better economic prospects for families across the country.
At the future roundtable, corporate heavyweights including Bank of America and other expected participants will pledge significant investments to the Trump accounts initiative. Combined with national executives from Uber, Dell, and Goldman Sachs, Trump will round out the collaboration table. The three of them will make a joint announcement of their commitment to invest billions into accounts for their employees’ children.
In fact, a White House spokesperson said more than seven corporate leaders will be joining that event. Among those expected to attend are Michael Dell, Brad Gerstner, Rene Haas, Parker Harris, William McDermott, Dara Khosrowshahi, David Solomon, and Vladimir Tenev—all sharing their belief that the new program can transform the futures of American families.
“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!” – Karoline Leavitt
The initiative reflects a growing trend among lawmakers and corporate leaders to invest in the future of young Americans through accessible financial planning tools. Trump 12A seed index fund accounts with federal dollars. This collaborative effort is putting families on the path to a long-term financial future for their children.